Otedola Defends First HoldCo’s N748bn Bad Loan Write-Off
Femi Otedola, Chairman of First HoldCo Plc, has defended the holding company’s decision to take a substantial one-time charge of […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Flourish Africa Grants N300m to Women Entrepreneurs
Flourish Africa, a women-focused empowerment initiative founded by philanthropist Apostle Folorunsho Alakija, has awarded N300 million in grants to 100
African Business News
92% Profit Crash at First HoldCo Due to Bad Loans, CBN Recap
First HoldCo Profit Falls 92% Following Balance Sheet Cleanup Ahead of CBN Recapitalisation Deadline Nigerian financial services group First HoldCo
African Business News
SERAP Sues NNPC Over Missing ₦22.3 Billion Oil Money
The Socio-Economic Rights and Accountability Project (SERAP) has initiated legal action against the Nigerian National Petroleum Company Limited (NNPCL), demanding
African Business News
NGF’s Sugar Strategy Targets $2B Industrial Development
The Nigeria Governors’ Forum (NGF) has resolved to designate sugar production as a strategic sector to drive industrial development and
African Business News
Farm Price Stabilization: CPPE call for Nigeria food security
The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigeria’s Federal Government to prioritize the creation of
Senate Sets March 17 for 2026 ₦58.472T Appropriation Bill
The Nigerian Senate has outlined a detailed schedule for the consideration and passage of the 2026 Appropriation Bill, setting March
Sustainable aviation fuel targets not achievable says IATA chief
The International Air Transport Association (IATA) has expressed concerns over the European Union’s targets for increasing the use of sustainable
Power initiative seeks Kwara collaboration to boost supply
The Federal Government of Nigeria’s Power Company has initiated a collaborative effort with the Kwara State Government to enhance power
Nigeria fuel price hike hits N875 per litre
The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol pump prices for the second time within a 24-hour period.
Lukoil sells assets to Carlyle Group pending US approval
Lukoil, Russia’s second-largest oil producer, has announced an agreement to sell most of its international assets to American private equity
Lukoil sells foreign assets to Carlyle Group
Russia’s Lukoil to Sell Foreign Assets to US Investment Firm In a significant development, Russia’s oil giant Lukoil, which has