By Udeme Akpan & Okeagu Oluchi President of Dangote Group, Aliko Dangote, has announced plans to invest more than $10 billion in Africa’s power sector over the next three to four years, describing electricity as critical to the continent’s economic transformation. Dangote disclosed this in an interview with Al Jazeera uploaded on Monday, saying the […]

By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have signed a Memorandum of Understanding (MOU) on Monetary-Fiscal Policy Coordination to strengthen their partnership in the pursuit of stronger macroeconomic management, lasting economic stability and sustainable prosperity for all Nigerians. The Governor of the CBN, Mr. […]

By Peter Egwuatu The stock market recorded a strong rebound last week as investors gained over N4.57 trillion on the Nigerian Exchange Limited, NGX, despite the ongoing N2.2 trillion Initial Public Offering, IPO, of Dangote Petroleum Refinery. The market had, the previous week, lost N1.9 trillion following widespread profit-taking across major stocks. Analysts noted that […]

By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke petroleum prospecting licences (PPLs) whose holders fail to meet their statutory work commitments, giving affected operators until October 31, 2026 to disclose challenges delaying the development of their acreages. The warning covers holders of licences awarded under the 2020 […]

‎‎By Rosemary Iwunze‎‎Preparations for the 2026 Almond Insurance Industry Awards are in top gear as the organizers are leaving no stone unturned to live up to its billing, as Insurance biggest night. ‎The company Almond Productions Limited in a statement signed by the Chief Executive Officer, Ms. Kesiena Faith Ughwode unveiled some of the guest […]