By Ayomide Otitoju Energy giant Shell has announced plans to expand its global liquefied natural gas (LNG) capacity by up to 12 million metric tons by the end of the decade, with Nigeria among the key countries expected to benefit from the investment. According to a Reuters report, the projects — also spanning the United…
By Ayomide Otitoju Kenya’s government on Thursday presented a carefully revised national budget to parliament, aiming to avoid a repeat of the violent protests that rocked the country last year following controversial tax hikes. The East African nation, often seen as a regional economic leader, has struggled with rising living costs, ballooning debt, and sluggish…
By Ayomide Otitoju Africa’s richest man and billionaire industrialist, Alhaji Aliko Dangote, is set to retire as Chairman of the Board of Dangote Sugar Refinery Plc, marking the end of a two-decade leadership that significantly shaped the company’s trajectory. According to a statement issued by the company and signed by its Company Secretary, Temitope Hassan,…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has issued a public warning over the activities of fraudsters impersonating its officials and soliciting money from unsuspecting investors under false pretenses. In a statement released on Monday, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed that the impostors have been demanding fees in exchange…
By Ayomide Otitoju Talks between Nigeria and Saudi Arabia’s state-owned oil giant, Aramco, over a proposed $5 billion oil-backed loan have reportedly stalled, as falling crude prices threaten the size and feasibility of the deal. According to a Reuters report citing four unnamed sources familiar with the negotiations, the slump in oil prices has cast…
By Ayomide Otitoju Airtel Nigeria marked World Environment Day 2025 with a series of environmental sustainability initiatives, kicking off with a seminar led by Dr. Hassan A. Sanuth, Director of Sanitation Services at the Lagos State Ministry of the Environment and Water Resources. The session emphasized the importance of individual responsibility in reducing plastic waste…
By Ayomide Otitoju As Muslim families across Nigeria mark Eid el-Kabir, JMG Limited has joined in celebrating the season’s message of reflection, sacrifice, and unity with warm greetings and a special promotional campaign. The company, a leader in integrated electromechanical solutions, is commemorating the festival with its Big Sallah Promo, running from May 26 to…
By Ayomide Otitoju Ecobank Nigeria has officially flagged off the fourth edition of its Adire Lagos Exhibition Fair, a colourful and commercially driven celebration of Nigeria’s indigenous fashion heritage. The four-day event, taking place from June 5 to 8 at the Ecobank Pan African Centre on Ozumba Mbadiwe Avenue, Victoria Island, Lagos, aims to promote…
By Ayomide Otitoju Union Bank of Nigeria has announced a strategic partnership with the Pan-African Payment and Settlement System (PAPSS) to provide simplified and instant cross-border money transfers across select African countries. The collaboration aims to enhance financial connectivity in support of the African Continental Free Trade Agreement (AfCFTA). PAPSS is a financial market infrastructure…
