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Companies

Dangote Refinery Flips Nigeria’s Fuel Trade As Exports Surge 7-fold And Imports Fall Below 130,000 BPD

Nigeria’s fuel trade has undergone a dramatic reversal since the arrival of the Dangote refinery, with petroleum product exports surging more than seven-fold while...

Google Raises Cloud Storage Prices Across 3 African Countries, Nigerian Users Face 52% Jump

Existing Google One subscribers in Nigeria, Egypt and Algeria who pay through Google Play will begin renewing their plans at the higher prices from...

Dangote Deploys A New ‘Control Room’ System To Keep A Close Eye On A Devastating Issue That Has Plagued Its Business

The newly established Driver Monitoring Control Room is designed to enhance road safety standards and systematically evaluate driver conduct across the organization's nationwide fleet. The...

Otedola Deploys ₦12.58 Billion in Latest Purchase, Pushing First HoldCo Shareholding to 27.15%

Billionaire investor and Board Chairman Mr. Olufemi Otedola, CON, has expanded his controlling stake in First HoldCo Plc, completing a ₦12.58 billion ($9.3 million)...

Afreximbank Delivers Strong H1 2026 Performance, Driven by Robust Growth and Profitability.

African Export-Import Bank (Afreximbank) and its subsidiaries (“the Group”) delivered a strong financial performance for the six months ended 30 June 2026, underscoring the resilience...

Presco Wins Appellate Ruling Reversing Injunction on AGM and Rights Issue

Agro-allied giant Presco Plc (NGX: PRESCO) announced to the Nigerian Exchange (NGX) that the Court of Appeal (Benin Judicial Division) delivered a unanimous judgment...

UBA Obtains NGX Filing Extension to September 30 for H1 2026 Audited Results

United Bank for Africa Plc (UBA) has notified the Nigerian Exchange Limited (NGX) and the investing public that its Board of Directors approved the...

PENGASSAN Elects Olabiyi-Agoro As New President

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has elected Bosun Olabiyi-Agoro as its new National President. Olabiyi-Agoro emerged alongside other newly elected...

Dangote Group Offers 30% Equity Stake in $17 Billion Kenya Refinery to East African Nations

Nigeria’s Dangote Group has offered East African governments a combined 30% equity stake in a proposed $17 billion oil refinery planned for Lamu on...

FCCPC Mandates 30% Local Equity Sale in Approval of MTN’s $6.2 Billion IHS Takeover

Nigeria’s antitrust authority, the Federal Competition and Consumer Protection Commission (FCCPC), alongside sector regulators, has granted conditional approval for MTN Group Ltd. to acquire...

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