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Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

At the 2026 Africa Forward Summit, convened by Kenyan President H.E. William Ruto and French President H.E. Emmanuel Macron, Heirs Holdings Founder and Group...

Trump Says US, Nigerian Forces Killed ISIS Figure in Africa

President Donald Trump said US and Nigerian forces killed an ISIS leader hiding in Africa, saying the strike “greatly diminished” the group’s global operations. Trump...

Dangote Refinery Takes Government to Court Over Fuel Import Policy

Dangote Group is challenging Nigeria’s fuel import policy in court, escalating a long-running dispute over who should supply Africa’s largest oil consumer, a company...

Nigeria Inflation Edges Higher to 15.69% in April as Food Prices Keep Pressure On

Nigeria’s headline inflation accelerated slightly in April 2026, rising to 15.69% year on year from 15.38% in March, as higher food prices kept overall...

Tony and Awele Elumelu Named TIME100 Philanthropy Honourees

Tony O. Elumelu and Dr. Awele V. Elumelu have been named among TIME Magazine’s 2026 TIME100 Philanthropy honourees, in recognition of their work through...

NGX Firms’ Free Cash Flow Surges 100% to ₦2.29trn in Q1

Nigeria’s largest and most liquid listed companies are sitting on a combined free cash flow of ₦2.29 trillion as of March 2026, more than...

Dangote Refinery Hits 99% Capacity Utilization; Supplies 80% of Nigeria’s Gasoline

Dangote Petroleum Refinery operated at more than 99% of its 650,000 barrels-a-day capacity for most of April and supplied about 80% of Nigeria’s gasoline...

Jumia to Cut 10% of Workforce as AI Reshapes Operations

Jumia Technologies AG plans to cut about 10% of its roughly 2,000-person workforce over the next two quarters as it rolls out artificial intelligence...

Shell’s Nigeria Payments Halve as Onshore Exit Reshapes Oil Flows

Shell Plc’s payments to the Nigerian government fell by more than half in 2025 to about $2 billion, as the company continued retreating from...

Julius Berger Hosts World-Class Construction Equipment Fair in Lagos

Leading engineering construction company, Julius Berger Nigeria PLC; recently hosted a one-day, world-class construction equipment exhibition at its facility in Lekki-Ajah, Lagos. The event featured...

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