Business

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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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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SIFAX Marine Targets Asset-Led Growth in 2026

…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 …

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Emirates and Air Peace activate bilateral interline agreement, enhancing seamless global connectivity

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, …

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