Business

By Ayomide Otitoju  Zenith Bank Plc has announced the launch of a new subsidiary in Côte d’Ivoire, marking a key milestone in its Pan-African expansion strategy. The official opening ceremony is scheduled for April 29, 2026, and is expected to attract senior government officials, regulators, and business leaders from across Africa, underscoring growing economic ties…

By Ayomide Otitoju  The Managing Director of Rite Foods Limited, Seleem Adegunwa, has been named Industrialist of the Year by Vanguard Media Limited in recognition of his leadership and the company’s impact on Nigeria’s fast-moving consumer goods (FMCG) sector. The award was presented at a ceremony held at the Convention Centre of Eko Hotel and…

By Ayomide Otitoju JMG Limited, through its HVAC division JMG Clima, has delivered and commissioned a high-efficiency cooling system for a prominent Lagos-based snacking company. The project, executed in partnership with Trane Technologies as its official dealer in Nigeria, involved upgrading the client’s existing air-conditioning infrastructure to improve performance under Lagos’ high heat and humidity…

By Ayomide Otitoju Shell has announced plans to acquire Canadian oil and gas firm ARC Resources in a deal valued at approximately $16.4 billion, as part of efforts to expand its shale gas and liquids portfolio. In a statement on Monday, Shell said the acquisition, which includes about $13.6 billion in equity value and $2.8…

By Ayomide Otitoju Ibom Air has warned it may cut flight capacity as the cost of Aviation Turbine Kerosene (Jet A1) continues to surge across Nigeria. In a statement issued on Saturday, the airline’s Group Manager, Marketing and Communication, Aniekan Essienette, disclosed that the cost of fueling its aircraft has risen sharply within weeks. According…

By Ayomide Otitoju The Lagos State Government has signed Power Purchase Agreements (PPAs) with three energy firms—Fenchurch Power, Mainland Power, and Viathan Engineering—to generate about 60MW of electricity as part of efforts to improve power supply across the state. The agreements were signed at Lagos House, Marina, with state officials led by Abiodun Ogunleye and…

By Ayomide Otitoju  The Federal Government has intensified efforts to address Nigeria’s housing deficit through a strategic partnership with China, focusing on technology-driven and scalable solutions to boost affordable housing delivery. This development follows a high-level technical study tour to Guangzhou led by Joseph Tegbe, Director-General and Global Liaison of the Nigeria-China Strategic Partnership. The…

By Ayomide Otitoju  Women of the NNPC Limited have taken centre stage at the 2026 Ascent Top 100 Career Women in Africa Awards, with the company’s Executive Vice President, Business Services, Sophia Mbakwe, and two other officials receiving recognition at a ceremony held in Lagos. Mbakwe was honoured among Africa’s leading career women at the…