Aradel Holdings Plc, an indigenous energy company, has announced the successful acquisition of a 100 percent interest in the Olo and Olo West marginal fields, located...
Tony Elumelu, Chairman of Heirs Holdings, has unveiled an ambitious strategy to further democratize prosperity by expanding the company’s presence on the Nigerian Exchange and potentially...
Oando Plc has announced the resignation of Mr. Tanimu Yakubu from his role as Non-Executive Director, effective immediately. Mr. Yakubu is stepping down to undertake a...
Thomas Etuh, founder of Tak Agro, and Theophilus Danjuma’s TY Holdings have successfully acquired Notore Chemical Industries Plc for $150 million. The acquisition, which includes 60...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected Shell International Plc’s $1.3 billion bid to sell its onshore assets to the Renaissance Consortium. This decision,...
Former Vice President Atiku Abubakar has raised concerns over what he described as preferential treatment granted to Oando Plc in its acquisition of the onshore assets...
The Dangote refinery, Africa’s largest and most ambitious oil refining project, has officially commenced test runs for gasoline production, marking a significant milestone in its journey...
BUA Foods Plc, one of Nigeria’s leading food manufacturing companies, has signed an agreement with IMAS, a prominent Turkish flour milling equipment manufacturer, to build four...
The Nigerian National Petroleum Company Limited (NNPCL) has made significant progress in repaying the $1.036 billion loan it secured in 2021 to fund its 20% stake...
Nigeria’s non-operational refineries have incurred N127.326 billion in salaries and employee benefits over two years, despite being completely inactive. The Kaduna, Port Harcourt, and Warri refinery...
