Jonathan Oppenheimer, scion of South African billionaire Nicky Oppenheimer, has secured full ownership of Nigeria’s largest beverage can manufacturer, GZ Industries Ltd. Oppenheimer Partners Ltd. concluded...
Norwegian energy company Equinor has successfully finalized the sale of its 20.21 per cent stake in Chevron’s Agbami oil field. The transaction, including Equinor’s 53.85 per...
Aliko Dangote, the president and chief executive of Dangote Industries Limited, has announced plans to publicly list the subsidiary, Dangote Petroleum Refinery, on the Nigerian Exchange...
In a recent interview with the Financial Times, Aliko Dangote, the President and CEO of the Dangote Group, announced that the long-anticipated $20 billion Dangote Refinery...
In a bid to address the escalating global concerns over carbon emissions, Arvind Pathak, the Group Managing Director of Dangote Cement Plc, highlighted the cement industry’s...
Amidst a challenging economic landscape and soaring inflation, companies in Nigeria exhibited resilience by increasing salaries for their employees by 18.35% to N29.45 trillion in the...
Amperion Power Distribution Company Limited, the majority shareholder in Geregu Power Plc, executed a cross-deal stock sale, offloading one million units of its holdings. The transaction,...
Italian oil company Eni has opted to temporarily halt arbitration proceedings related to the oilfield dispute concerning OPL 245 with the Nigerian government. This decision allows...
Nigeria’s manufacturing sector recorded a 88.17% Year-on-Year increase in total capital inflow in the first half of 2023, according to data from the National Bureau of...
Shareholders of Flour Mills of Nigeria have given their approval for the separation of the BAGCO business into a 100% owned subsidiary during the company’s Annual...
