Tuesday, May 20, 2025
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal Swiss cement maker Holcim (HOLN.S), opens new tab will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa (WAPCO.LG), opens new tab to China’s Huaxin Cement (600801.SS), opens new tab in […]
President Bola Tinubu has disclosed that the economic policies that he initiated upon his assumption of office are now yielding the desired results. Tinubu, who acknowledged that the policies were harsh on the people, stated that the move became imperative in order to salvage the country from the crises facing it. Speaking […]
The Apapa Command of the Nigeria Customs Service (NCS) has achieved a record-breaking revenue collection of approximately ₦2.1 trillion for the year 2024, marking a significant milestone in trade facilitation and national economic contributions. This achievement was celebrated in Abuja, where Comptroller-General of Customs (CGC) Wale Adeniyi commended the reforms […]
The Port Harcourt Refining Company has clarified that its operations were not completely halted but scaled down to facilitate improvements at the facility. The Executive Director, Operations, Nigerian Pipeline and Storage Company Limited, Moyi Maidunama, disclosed this on Sunday during a guided tour of the refinery led by the Managing […]
This comes as he alleged that some elements within the private sector in the oil and gas industry want to undermine and understate the revitalisation of the Port Harcourt Refinery. Fani-Kayode made this known in a statement on his official X handle on Thursday, noting that the oil business is […]
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development Limited is to establish and construct a new 27,000 barrels per day refinery. […]
The Anambra government said it has secured investment funding and strategic partnership of over $500 million from the various agreements signed at the end of the second edition of its investment summit held on November 14. Areas of investments Okoye said investment commitments were made in healthcare, tourism/hospitality, natural gas […]
Floating of naira a risky move – Africhange CEO, Ajala Chief Executive of Africhange, a platform that cross-border payments, David Ajala, tells FELIX OLOYEDE about some of the challenges Africans in the diaspora face sending money home Can you tell me more about the story behind Africhange and the problems […]
Nigerian FinTech startup Moniepoint recently has joined the prestigious ranks of Nigerian unicorns, Flutterwave, Interswitch, and Paystack as a private company valued at over $1 billion. While these firms showcase the remarkable growth of Nigeria’s tech ecosystem, their remain private which limits direct investment opportunities for Nigerians with these high-value […]
The Nigerian National Petroleum Company limited, NNPCL, has disclosed that it’s a proud part-owner of the Dangote Refinery. This was disclosed by NNPCL’s Group Chief Executive Officer, Mele Kyari at a conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos on Monday. Following the commencement of the refinery, […]