Business

Cape Town, South Africa Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu CFR CON, has called for a decisive shift in Africa’s development strategy, urging governments, financiers, and the private sector to move the continent from raw material extraction to large scale industrial processing and value addition. Rabiu …

  Africa’s richest man, Aliko Dangote, paid a brief but strategically significant visit to Burundi, where he explored new investment opportunities and cemented plans to expand the Dangote Group’s presence across the continent. The visit included high‑level talks with President Evariste Ndayishimiye at the presidential palace. Accompanied by former Nigerian …

Dangote Petroleum Refinery has issued a firm clarification in response to recent publications attributed to S&P Global, stating that the reports misrepresent its operations and create a misleading picture of Nigeria’s refining landscape. The company categorically refutes claims, amplified through certain newspaper adverts on Monday, February 9, 2026, suggesting that …

Filed through his counsel, Barrister Olalekan Ogunbunmi, the suit challenges Opay Digital Service Limited’s decision to place a restriction on King’s account without what he described as lawful authority. Customer has sued Opay over alleged illegal account freeze and claimed action led to father’s death. NewsOnline Nigeria reports that a …

  Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has been recognised as one of Nigeria’s top-performing insurers, winning the Life Insurance category at the 2025 Risk Analyst Insurance Brokers Performance Review Awards. The award is part of Risk Analyst Insurance Brokers Limited’s annual assessment of insurance underwriters, which …

Ports and Cargo Handling Services Limited, a subsidiary of SIFAX Group, has said its strategic decision of refocusing its business primarily on general cargo and break-bulk handling was responsible for its operational rebound in 2025. The improved performance follows a strategic repositioning of the terminal after a challenging 2024 where …

A sector that keeps reviving what has repeatedly failed, while resisting what works, is not trapped by fate but comforted by collapse. PETROAN’s latest outburst exposes just how invested some interests remain in Nigeria’s ritualised dysfunction. By Abiodun Alade Nigeria’s oil and gas sector has endured many seasons of noise …

The House of Representatives Committee on Finance, on Thursday, questioned Mr. Johnson Akinowo, the acting managing director of Nigerian Bulk Electricity Trading Plc (NBET), over the utilization of N4.099 billion in regulatory income during the 2025 fiscal year. The committee also suspended the consideration of the agency’s 2026 budget proposal. …

MTN Group has said that it is in discussions to acquire the approximately 75 per cent stake in IHS Holding Limited that it does not already own. This initiative could give the telecoms firm full control of one of the leading independent tower infrastructure companies worldwide. MTN confirmed on Thursday …

  African leaders have been urged to protect their sovereign autonomy, with warnings that failure to do so could leave the continent perpetually dependent despite its vast natural endowments. This admonition was given yesterday at the strategic policy workshop held at the Nigeria Institute of International Affairs in commemoration of …