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NUPRC Chief Sees Opportunity in Nigeria’s Upstream Revival

Nigeria’s new upstream regulator says clear rules, collaboration, and technology will unlock investment and raise oil and gas output under the Petroleum Industry Act.

UNN Names Chimamanda Adichie Visiting Professor

The University of Nigeria, Nsukka, is strengthening academic excellence by appointing Chimamanda Adichie and other global scholars as visiting professors.

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Abdul Samad Rabiu’s Net Worth Rises to $7.9 Billion

Abdul Samad Rabiu’s fortune climbs to $7.9 billion, lifted by the naira’s rebound and strong BUA Group performance.

Afriland First Bank Wins Approval to Expand Across Central Africa

Afriland First Bank secures Cobac approval to expand into Congo, Chad, and the CAR, reinforcing its regional leadership and growth strategy.

Tetracore Appoints Dayo Williams as MD to Boost Nigeria’s Gas and Clean Energy

Tetracore Energy Group has named Dayo Williams as Managing Director of its subsidiaries, strengthening the company's emphasis on domestic gas utilisation, the expansion of renewable energy, and regional energy transition, in alignment with Nigeria's industrialisation and energy security objectives

TY Danjuma’s Family Office Narrows 2024 Loss

TY Danjuma’s family office narrowed its 2024 loss, keeping $114 million in assets while maintaining a cautious investment strategy.

Sahara Group Targets 350,000-Barrel Output With New Oil Rigs

Sahara Group boosts oil production plans with new rigs, targeting 350,000 barrels daily under Tope Shonubi’s push for energy growth in Africa.

Payaza Repays $13.9 Million Commercial Paper

Payaza completes $13.9 million repayment under its commercial paper plan, reinforcing investor trust and showing Nigeria’s fintech market maturity.

Roosevelt Ogbonna Buys $20 Million London Mansion

Roosevelt Ogbonna buys a $20 million Hampstead mansion, highlighting his growing global footprint beyond Access Bank’s expansion strategy.

Nigeria to Tax Remote Workers, Influencers in 2026

Nigeria will tax income from remote workers, influencers, and imports starting January 2026 under sweeping new reforms, according to the presidential tax committee

Otedola Denies Subsidy Fraud Links, Calls Allegations Baseless

Femi Otedola dismisses claims linking him to Nigeria’s fuel subsidy fraud, insisting Zenon Petroleum only traded diesel and that he helped expose the scheme.

Oskar Ibru, Eldest Son of Ibru Dynasty Founder, Dies at 68

Oskar Ibru, chairman of the Ibru Organization, has died, leaving behind a legacy that shaped Nigeria’s economy across shipping, oil, and agriculture.

Gabon’s Samuel Dossou-Aworet Deepens Bet on Nigeria’s Aradel

Oil mogul Samuel Dossou-Aworet has lifted his stake in Aradel Holdings to nearly 14%, reinforcing his $500 million Nigerian energy portfolio.

Nigerian Business Leader Oskar Ibru Dies at 67

Nigerian businessman Oskar Ibru, eldest son of late tycoon Michael Ibru and chairman of the Ibru Organization, has died at 67.

Latest articles

NUPRC Chief Sees Opportunity in Nigeria’s Upstream Revival

Nigeria’s new upstream regulator says clear rules, collaboration, and technology will unlock investment and raise oil and gas output under the Petroleum Industry Act.

UNN Names Chimamanda Adichie Visiting Professor

The University of Nigeria, Nsukka, is strengthening academic excellence by appointing Chimamanda Adichie and other global scholars as visiting professors.

Transport Fares Rise in October as Okada Costs Surge

Transport fares rose across Nigeria in October, led by sharp increases in motorcycle travel, as inflationary pressures continue to strain household budgets.

INEC Sets February 21 for Rivers Bye Elections

KEY POINTS • INEC schedules Rivers State bye elections for February 21, 2026• Vacancies arose...