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...
Nigeria’s electricity supply industry faces a mounting financial crisis as international customers from Benin and Togo have failed to remit $14.19 million in payments for power...
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...
Mars Inc. has announced its acquisition of Kellanova, the maker of popular brands such as Cheez-It, Pringles, and Pop-Tarts, for an estimated $36 billion. The deal,...
Dangote Refinery has issued a strong denial against claims that it has set the price of Premium Motor Spirit (PMS) at N600 per litre, dismissing the...
