Business

Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and The Standard Bank of South Africa Limited (together, “Standard Bank”) have successfully achieved financial close on a landmark USD 250 million financing facility for Aradel Energy Limited (“Aradel Energy” or the “Company”).  The facility was structured to support Aradel Energy’s strategic growth agenda, …

Dangote Petroleum Refinery & Petrochemicals reaffirms its commitment to market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS). During the recent festive period, the Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending. This marked the second consecutive …

…Positions for Stronger Participation in the Oil and Gas Market SIFAX Marine Services Limited has announced a far-reaching expansion strategy for 2026 aimed at driving asset-led growth and repositioning the company as a stronger contender in Nigeria’s offshore and oil and gas marine services market. According to Afolabi Olayinka, Executive …

Building on their existing partnership, Emirates, the world’s largest international airline, and Air Peace, West Africa’s largest airline, have activated a bilateral interline agreement, expanding air connectivity between Africa, the UAE, and London. The agreement offers passengers of both airlines frictionless, single-ticket travel and with through-checked baggage, on select routes, …

  Leading financial institution, Fidelity Bank Plc has reinforced its commitment to community development and youth empowerment with the donation of educational and hygiene materials to pupils of Wesley Nursery and Primary School in the Makoko Waterfront Community, Lagos, under its Fidelity Helping Hands Programme (FHHP).   The FHHP outreach …

Nigeria’s foreign exchange market delivered a mixed signal as the naira weakened against the US dollar despite a fresh rise in the country’s external reserves to nearly $46 billion. The divergence highlights the persistent structural pressures in the FX market, even as macro buffers show gradual improvement. At the official …

As Nigeria’s population continues to grow, estimated by the United Nations Population Fund to reach over 237 million by 2025—so does the volume of waste generated across the country. With over 32 million tonnes of solid waste produced annually according to the World Bank, the pressure on city authorities and …

  Dangote Cement Plc has inducted almost 200 newly trained engineers and other professionals into its workforce following the successful completion of its Graduate Trainee Programme, reaffirming the company’s commitment to job creation, skills development, and local capacity building in Nigeria. The trainees, drawn from various engineering, finance, IT and …

  Following the recent ruling of the Court of Appeal disqualifying the lawyers appointed by the respective organisations, NESTOIL LIMITED and NECONDE ENERGY LIMITED in the alleged debt recovery litigation instituted by the duo of FBNQuest Merchant Bank Limited and First Trustees Limited, it has become necessary for us to …

  Nearly one month after the United States carried out airstrikes on Christmas Day 2025 in northwestern Nigeria, critical questions remain unanswered. There has been no official confirmation of the strike’s precise location, its intended targets, or the number of civilians killed. The absence of clear communication has deepened public …