Industry experts have long pointed to Africa’s low level of intra-continental trade compared to regions like Europe and Asia, attributing this gap to persistent structural barriers in transportation, logistics, and…
Dangote Rejects NNPCs Request for Additional Stake in $20 Billion Refinery Project
Aliko Dangote has confirmed that Nigerian National Petroleum Company Limited (NNPC) was turned down in its request to acquire additional equity in the $20 billion Dangote Petroleum Refinery, as the…
Eterna Shareholders Approve 50 Kobo Dividend and Extend Related Party Transaction Mandate
Shareholders of Eterna Plc have approved a dividend payment of 50 Kobo per ordinary share for the 2025 financial year, following the company’s 33rd Annual General Meeting held virtually on…
Dangote Industries Limited Expands Investment in Niger State with Rice and Trade Initiatives
NPA Records 67% Increase in Vehicle Traffic at Nigerian Ports
The Nigerian Ports Authority (NPA) reported a significant surge in vehicle traffic and cargo throughput across the nation’s seaports during the first quarter of 2026, marking a strong rebound in…
Airtel Africa Reports 147% Profit Surge to $813M Amid $6.4B Revenue Milestone
Airtel Africa Plc has reported outstanding full-year earnings for the financial year ended March 31, 2026, with profit after tax surging by 147.4 percent to $813 million, driven by strong…
Aliko Dangote Unveils Ambitious 20,000MW Power Expansion Plan to Transform Africas Energy Landscape
Aliko Dangote has announced plans to develop a massive 20,000-megawatt power generation project across Africa, leveraging the strong cash flow from the recently operational Dangote Petroleum Refinery. The billionaire businessman…
NNPC Partners with Chinese Industrial Alliance to Revive Refineries
Nigerian National Petroleum Company (NNPC) Limited has launched a strategic initiative to revive Nigeria’s domestic refining capacity through a partnership with two Chinese industrial firms, Sanjiang Chemical Company Limited and…
TotalEnergies Marketing Nigeria Plc Posts ₦1.17 Billion Profit Despite Revenue Decline in Q1 2026
TotalEnergies Marketing Nigeria Plc recorded a net profit after tax of ₦1.17 billion for the first quarter ended March 31, 2026, marking a significant turnaround from the ₦120.03 million loss…