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Industry
Africa Energy Bank Formally Established In Abuja
...We've mobilized the minimum capital required for the Bank's takeoff - Lokpobiri
By Saidu AbubakarNigeria has today, Saturday 31st of October, 2026, yet, achieved another historic milestone by ensuring that a six-year journey!-->!-->!-->!-->!-->!-->!-->…
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Seven modular refineries to begin operations in 2027 with 83,000bpd capacity
Seven modular refineries are projected to commence operations in Nigeria in 2027, adding a combined capacity of 83,000 barrels per day.Four modular refineries were operating in the country in September, with a combined capacity of!-->!-->!-->!-->!-->!-->…
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Aradel Holdings Plc posts strong 9-month operating performance
Adegbite Falade, Chief Executive Officer of AradelNigeria’s leading integrated indigenous energy company, also known as Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), has announced its unaudited!-->!-->!-->!-->!-->…
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Nigerian stocks gain N2 trillion in October as market cap hits N165 trillion
Nigerian stocks closed October with a gain of approximately N2 trillion in market capitalisation, rising from around N163.1 trillion at the end of September to N165 trillion.The supplied market data showed that the All-Share Index!-->!-->!-->!-->!-->…
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Oando reports 9% revenue growth to ₦2.78trn as production rises 14% Sept ending 2026
...The Group reported ₦159.7 billion operating profit as gross profit surges 483% to ₦174.5 billion in nine months ended 30 September 2026
Oando-PLCOando Plc, Africa’s leading indigenous energy solutions provider listed on both the!-->!-->!-->!-->!-->…
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Cross River: New Customs Area Comptroller vows tough action against smugglers
DC Nkeiruka NwalaThe newly appointed Acting Area Comptroller of the Nigeria Customs Service, Cross River/Calabar Free Trade Zone/Akwa Ibom Area Command, Deputy Comptroller Nkeiruka Nwala, has vowed tough action against smugglers!-->!-->!-->…
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Tinubu hails NBET chief over ₦728.979bn power sector bond, debt settlements
… Says intervention is restoring investor confidence, strengthening electricity sector stability
… Commends Odeyemi’s leadership, financial discipline on birthdayPresident Bola Ahmed Tinubu has commended the Managing Director of!-->!-->!-->!-->!-->!-->!-->…
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World Bank And IMF Were Not Designed For Us, They Were Built Before We Became Independent–Obasanjo
According to a report by Premium Times on Saturday, October 31, 2026, former President Olusegun Obasanjo has faulted the Bola Tinubu administration over its continued reliance on domestic and foreign loans to fund the national budget!-->!-->!-->…
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Dangote Sets Up New Oil and Gas Company in Cameroon
Aliko Dangote has established a new oil and gas company in Cameroon, appointing Bertrand Mbouck as CEO.Will cover everything from fuel imports and distribution to refining and petrochemicals; a broader mandate than fuel storage and!-->!-->!-->!-->!-->…
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World Bank Warns Nigeria Over Unplanned Urban Growth
The World Bank has warned that unplanned urban expansion could raise infrastructure costs, undermine productivity and constrain job creation in Nigeria, as it urged governments in Sub Saharan Africa to invest in city planning ahead of!-->!-->!-->…
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