Establishment of Rivers Investment Promotion Agency excites Mayor of Housing
The much-expected agency to promote businesses and serve as a one-stop-shop for investment inquiries in Rivers State has been established. This has caused widespread excitement within the business community in…
Dangote Refinery and its crude supply wars, by Akpandem James
Ever since the Dangote Refinery began production late last year, it has faced numerous challenges. It has been in conflict with many major players in the oil and gas industry,…
FG, DiFZIN inaugurate committee for the Establishment of Digital Free Zone
August 9, 2024 The Federal Government has established a steering committee chaired by President Bola Ahmed Tinubu to drive the promotion and establishment of a digital free zone in Nigeria….
Global oil demand needs to rise faster to absorb OPEC+ hike
August 9, 2024 Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to…
Ghana opens first gold refinery after centuries of mining
August 9, 2024 Ghana opened its first commercial gold refinery in Accra, the capital, on Thursday as part of an effort by Africa’s leading gold producer to add value and…
South Africa’s MTN to swing to H1 loss, hit by Nigeria currency devaluation
August 8, 2024 Africa’s biggest telecoms operator MTN Group on Wednesday said it will swing to a half-year loss, hit by the devaluation of the Nigerian naira and operational challenges…
Fitch downgrades Dangote credit rating, citing liquidity concerns
August 7, 2024 Fitch Ratings has downgraded Dangote Industries Limited’s (DIL) credit rating to B+ and put it on ratings watch negative, citing concerns about its liquidity and ability to…
Naira appreciates by 0.6% against dollar at official market
August 6, 2024 The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform…
BIG DEAL: TD Africa, Huawei partner to provide networking solution for African SMEs
Respite at last for Small and Medium Sized Enterprises on the African continent as TD Africa partners Huawei to help SMEs optimize operations, enhance productivity, and drive growth. Having seen…
B-A-N-G! Google is an illegal monopoly, US court rules in antitrust suit
A United States federal court has found that Google illegally abused its market power to quash competition in internet search. The ruling hands the Justice Department its biggest victory in…