The Nigerian National Petroleum Company Limited (NNPC) has admitted its ongoing financial challenges are the reason for fuel scarcity and numerous queues in various filling stations....
A US federal court has fined Nigerian businessman Dozy Mmobuosi over $250 million for inflating the financial performance of his companies. Presided over by Judge Jesse...
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...
As part of activities to commemorate its 75th anniversary, Africa’s Global Bank – United Bank for Africa (UBA) Plc, has held a special edition of its...
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...
Nigeria’s credit to the private sector has surged by 33.69% year-on-year to N75.48 trillion as of July 2024. This substantial growth comes amid rising money supply...
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...
