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From the $48.88 billion recorded in January, Nigeria’s gross external reserves have climbed to $52.73 billion, marking a 7.9% increase. This was disclosed by the Central...
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully completed a landmark Private Equity Placement that raised approximately US$2.5 billion in new equity, following a highly...
ExxonMobil’s $1bn Usan investment is the latest sign that international oil companies (IOCs) are shifting capital towards Nigeria’s deep waters, following another wave of divestment that...
When Huaxin completed its $1bn purchase of Holcim’s stake in Lafarge Africa last August, the deal was widely read in Lagos as a domestic fight: a...
When President Bola Tinubu’s administration launched the Renewed Hope Cities and Estates Programme, it promised to break the barriers to homeownership for millions of low- and...
Fresh pressure is building on Nigeria’s downstream petroleum market as Dangote Petroleum Refinery yesterday resumed gantry loading of Premium Motor Spirit (PMS) in naira after a week-long...
Economist and Chief Executive Officer of KAINOS Edge Consulting Ltd., Dr. Doyin Salami, has raised concerns over widening wealth inequality in Nigeria, revealing that the country’s...
Nigeria’s petrol imports more than tripled in June as the Dangote Petroleum Refinery redirected a chunk of its output to export markets, highlighting growing strains in...
Kenya has leased 23.19 acres of state-owned refinery land in Mombasa to Asharami Synergy, a subsidiary of the Nigerian energy conglomerate Sahara Group, for 31 years,...
Femi Otedola, the chairman of First HoldCo, has increased his shareholding in the financial institution to 21.96 percent stake. According to a statement on share dealing...