Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
Oando achieves strong financial performance, driven by cost management and improved operations.
Central and West Africa
BUA Group donates $1.25 million to rebuild historic Zaria mosque
Abdul Samad Rabiu’s BUA Group funds the rebuilding of the Abdulkarim Central Mosque in Zaria, preserving its historic legacy while enhancing modern facilities for the community.
Muhammadu Indimi unveils $315-million FPSO vessel to boost Nigeria’s oil production
Billionaire oil magnate Muhammadu Indimi has launched a $315-million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, signaling a major step in enhancing Nigeria's offshore oil production.
Access Bank hosts German President Steinmeier, strengthens Nigeria-Germany trade relations
German President Frank-Walter Steinmeier’s visit to Access Bank underscores the bank’s role in advancing trade partnerships between Nigeria and Germany, fostering economic growth and innovation.
Folorunsho Alakija: The billionaire oil tycoon redefining philanthropy and empowerment
From a groundbreaking oil venture to impactful philanthropic initiatives, Folorunsho Alakija’s journey is a testament to resilience, vision, and the power of giving back.
Aradel Holdings acquires 5.14-percent equity stake in Chappal Energies to strengthen its position in Nigeria’s energy sector
Aradel Holdings strengthens its energy sector footprint with a 5.14 percent stake in Chappal Energies, gaining access to Nigeria's key oil assets and driving future growth in the industry.
FCMB forecasts $141.83 million revenue for Q1 2025, targets $19.56 million profit
The bank targets diversified revenue growth, strong cash inflow, and operational efficiency in its Q1 2025 outlook.
Meet Mitchell Elegbe: The visionary behind Interswitch, driving Africa’s digital payment revolution
From engineering graduate to fintech pioneer, Elegbe's transformative leadership has redefined digital payments in Africa.
Oando boosts oil production by 50 percent after $783-million Nigerian Agip Oil acquisition
Acquisition of NAOC strengthens Oando’s position as a major player in Nigeria’s energy sector.
BUA Group partners with Starlinger for packaging production facility with six hundred million-bag capacity
BUA Group strengthens control over production and supply chain with new facility for polypropylene packaging.
Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector
Chevron’s $1 billion annual investment in local suppliers is central to Nigeria’s oil sector growth, driving innovation and partnerships for sustainable development.
FCMB Group reports $51.4-million profit, driven by strong revenue growth
FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.
ASR Africa begins construction of $147,691 corrosion research center at FUPRE
ASR Africa begins construction of a $147,691 corrosion research center at FUPRE, enhancing Nigeria’s oil and gas sector with cutting-edge research and industry collaboration.
Zenith Bank opens Paris branch to boost expansion into Francophone Africa
Zenith Bank opens its new Paris branch, marking a major step in expanding into Francophone Africa and strengthening trade ties between Africa and France.
Airtel Nigeria names Dinesh Balsingh as new CEO
Airtel Nigeria appoints Dinesh Balsingh as its new CEO, bringing over 20 years of experience to lead the company’s next phase of growth and innovation.