BREAKING NEWS
- Nigeria's Economy is fluctuating
- Tech Business in Nigeria are at an all time high
- Now is the time to buy Nigerian Stocks
- Nigeria's Economy is fluctuating
- Tech Business in Nigeria are at an all time high
- Now is the time to buy Nigerian Stocks
- Nigeria's Economy is fluctuating
- Tech Business in Nigeria are at an all time high
- Now is the time to buy Nigerian Stocks
Economy
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Banking
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Startups
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Energy
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Markets
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Oil prices climb after Trump rejects Iran’s proposed truce
Oil prices have risen after United States President Donald Trump rejected an Iranian proposal for a seven-day truce, raising concerns about inflation and disruptions to global energy supplies. Iran had proposed a temporary halt in hostilities at the United Nations General Assembly, with plans to reopen the Strait of Hormuz,…
Nigeria seeks another $1.5bn from World Bank as debt climbs
The Federal Government is in talks with the World Bank to secure three new loans worth a combined 1.5 billion dollars. The proposed facilities include 500 million dollars each for climate resilience, social protection and early childhood development. The development comes as Nigeria’s total public debt rises to 166.79 trillion…
Coca-Cola Plans Another $1bn Investment in Nigeria
Coca-Cola says it plans to invest an additional one billion dollars in Nigeria over the next five years, subject to a predictable and enabling policy environment. The company disclosed this in a statement following a socio-economic assessment of its operations in Nigeria. The assessment found that the Coca-Cola System, comprising…
Rare sighting of Mike Adenuga sparks buzz after Otedola shares Monaco photos
Nigerian billionaire businessman Mike Adenuga has made a rare public appearance after being photographed with fellow billionaire Femi Otedola in Monaco. Otedola shared the pictures on Friday on his X account, showing the two businessmen together inside and outside a luxury hotel. Adenuga, who founded telecommunications company Globacom and oil…
DisCos collect over ₦205bn as NERC reports major billing shortfall
Nigeria’s electricity distribution companies collected ₦205.53 billion in revenue in July 2026, according to the Nigerian Electricity Regulatory Commission. NERC says the DisCos billed customers ₦250.79 billion for electricity during the month, out of ₦333.94 billion worth of energy supplied to them. This left a billing gap of about ₦83.15…
Ardova moves to expand Nigeria’s CNG network with Powergas acquisition
Ardova Plc and its consortium partner, Diadem Energy, have agreed to acquire 100 per cent of Powergas, one of Africa’s major Compressed Natural Gas producers and distributors. The deal, which is expected to be completed by the end of 2026, is subject to regulatory approvals. Following the acquisition, Ardova plans…
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Iranian Missile Launches Push Oil Prices Higher
Global oil prices climbed by more than three per cent during early Asian trading on Wednesday after the United States military said it intercepted several missiles launched by Iran, heightening concerns over escalating tensions in the Middle East. As of 0015 GMT, US benchmark West Texas Intermediate (WTI) crude gained…
Ibom Power MD: N28bn Federal Government Debt Shut Down Nigeria’s Only State-Owned 191MW Plant
Nigeria's only wholly state-owned power plant, Ibom Power Plc, has blamed a N28 billion debt owed by the Federal Government for the prolonged shutdown of its 191-megawatt facility in Akwa Ibom State. Speaking in an interview with Platforms Africa, the Managing Director of Ibom Power, Camillus Umoh, revealed that the…
Sahara Group Urges Financing Model That Reflects Africa’s Energy Transition Realities
Sahara Group has called for a fresh approach to Africa's energy transition, infrastructure financing and energy journalism, urging stakeholders to adopt strategies that reflect the continent's unique realities. The company made the call on Wednesday during the third edition of its thought leadership forum, Asharami Square, themed "Energising Africa's Future:…
31 Firms Awarded Licenses for 37 Oil Blocks
Thirty-one companies have emerged as successful bidders for 37 oil and gas blocks in Nigeria's 2025 Licensing Round following the conclusion of the commercial bid conference held in Abuja. The exercise, organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the Transcorp Event Centre, attracted 143 companies, which submitted…
Fuel Loading Halted at Dangote Over Dollar Sale Dispute, FG Steps In
Petroleum marketers have slowed fuel purchases amid uncertainty over the Dangote Petroleum Refinery's decision to adopt a dollar-based pricing model for petrol, raising concerns about possible disruptions in supply and higher pump prices. Industry operators said they were taking a cautious approach as they awaited clarity on the refinery's new…
Sahara Group Hosts Asharami Square 3.0 to Advance Africa’s Energy Future
Sahara Group will convene policymakers, investors, industry leaders, and energy experts for the third edition of Asharami Square, its thought leadership platform focused on advancing discussions on Africa's energy future. According to a statement by the company, the event, themed "Energising Africa's Future: Legacy, Impact, and Transformation," will feature a…
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Nigeria’s long-delayed wind farm
Nigeria’s efforts to develop renewable energy have suffered major setbacks,...
Federal Government unveils five reforms to attract investors
The Federal Government has unveiled plans to introduce five major...
Dangote Refinery Extends ₦1.6 Billion-Dollar Share Offer by Two Weeks
Dangote Petroleum Refinery has extended its $1.6 billion initial public...
Airtel Money Begins Trading on London Stock Exchange
Airtel Money has commenced conditional trading on the London Stock...
Electoral Reform Bill
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Electoral Reform Bill
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Electoral Reform Bill
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