Business

Emirates and Marriott International to Bring First-Ever Ritz-Carlton Lodge Globally to Australia’s Wolgan Valley

Two leaders in travel come together to open Emirates Wolgan Valley, a Ritz-Carlton Lodge in mid-2026, signifying the global debut of ‘The Ritz-Carlton Lodge’ and a milestone project for New South Wales’ regional luxury tourism Emirates and Marriott International, Inc. (NASDAQ: MAR) have signed an agreement to open Emirates Wolgan …

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Dangote, NNPC Seal Strategic Gas Supply Agreements

Towards meeting the energy demands of their ongoing expansion projects, three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc have scaled up their Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd): Nigerian Gas Marketing …

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FIRST HOLDCO PLC – TAKING THE BULL BY THE HORN WITH A RECORD IMPAIRMENT CHARGE; GROWS GROSS EARNINGS TO N3.4 TRILLION FOR THE UNAUDITED FULL YEAR ENDED DECEMBER 31, 2025.

First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of deliberate strategic actions aimed at strengthening its balance sheet, improving asset quality, and positioning the business for more resilient and sustainable growth amidst successful capital raise activities. As stated in …

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Dangote, China’s XCMG Seal Strategic Partnership on Infrastructure, Mining and Green Equipment

The Pan-Africa Conglomerate, Dangote Industries Limited has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd, one of China’s leading construction and mining equipment manufacturers, in a move aimed at strengthening infrastructure delivery, industrial capacity and green project development across Africa. Under the agreement, the two companies …

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Dangote Refinery Affirms Capacity to Supply 75m Litres of PMS, 25m Litres of Diesel, 20m Litres of Jet Fuel Daily

Dangote Petroleum Refinery has reaffirmed its capacity to supply fuel volumes significantly more than Nigeria’s estimated domestic consumption. The refinery said it can supply 75 million litres of Premium Motor Spirit (PMS) daily against an estimated national consumption of 50 million litres, alongside 25 million litres of Automotive Gas Oil …

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Nigeria Needs Dedicated Healthcare Funding to Sustain Industrial Growth – Prof. Lere Baale

  Lagos, January 19, 2025 — Nigeria must institutionalise dedicated, long-term healthcare funding to sustain the country’s emerging healthcare industrial boom and secure its future as a regional healthcare manufacturing hub. This was said by the keynote speaker, Prof Lere Baale, at the Codix Group Dinner themed “Sustaining Nigeria’s Healthcare …

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Standard Bank Closes USD 250 Million Strategic Financing for Aradel Energy

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, …

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Breaking: Dangote Refinery reaffirms market stability, assures nationwide PMS supply

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 …

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