By Ayomide Otitoju Africa hosts an estimated US$29.5 trillion in mine-site mineral value, accounting for roughly 20% of global mineral wealth, yet captures only a fraction of the economic potential embedded in these resources, according to a new study released by Africa Finance Corporation (AFC) on Monday. Of this total, US$8.6 trillion remains undeveloped, highlighting…
By Ayomide Otitoju Access Bank’s bid to acquire South Africa’s Bidvest Bank has collapsed, stalling the Nigerian lender’s expansion plans in the region. The transaction fell through after Access Bank failed to meet certain conditions by the contractually agreed deadline, Bidvest Group confirmed on Monday. In a statement, Bidvest said: “The parties have been actively…
By Ayomide Otitoju The Lagos State Government has generated over 15,000 jobs through its Lagos Agripreneurship Programme (LAP), a youth-focused initiative designed to equip young residents with modern agricultural skills and expand opportunities within the state’s food system. The programme targets youths between the ages of 18 and 30 and aligns with the Ministry of…
By Ayomide Otitoju The Ministers of State for Petroleum Resources on Wednesday led top dignitaries on a tour of the NNPC Limited Pavilion at the Nigeria International Energy Summit (NIES) 2026, underscoring the company’s central role in Nigeria’s energy sector. Senator Heineken Lokpobiri, PhD, Minister of State for Petroleum Resources (Oil), alongside Rt. Hon. (Obongemem)…
By Ayomide Otitoju NNPC Limited and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reaffirmed their commitment to delivering long-term value to Nigeria’s energy sector through strengthened collaboration and strategic alignment. The pledge was made during a courtesy visit by the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, who led the…
By Ayomide Otitoju Rite Foods Limited has congratulated legendary Afrobeat pioneer Fela Anikulapo Kuti on his posthumous recognition with the Grammy Lifetime Achievement Award, conferred by the Recording Academy in January 2026. The award, presented at the Special Merit Awards ceremony in Los Angeles ahead of the 68th Grammy Awards, marks a historic milestone, making…
By Ayomide Otitoju Dangote Petroleum Refinery has cautioned that continued reliance on coastal delivery of petroleum products could drive petrol prices in Nigeria close to N1,000 per litre. In a statement on Thursday, the company stressed that its preferred gantry loading system remains the most efficient and cost-effective method for ensuring price stability for consumers….
By Ayomide Otitoju Dr. Karl Toriola, CEO of MTN Nigeria, has been named Overall CEO of the Year at the 2026 MTN Global Leadership Gathering (GLG). The annual forum brings together over 400 senior leaders from MTN’s markets worldwide to reflect on performance, celebrate excellence, and align on strategic priorities shaping the company’s future. Karl’s…
By Ayomide Otitoju MoMo Payment Service Bank (MoMo PSB), the fintech subsidiary of MTN Nigeria, has entered into a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand access to digital and financial tools for small and medium-scale businesses across the country. The partnership was formalised through the signing…
