The Asset Management Corporation of Nigeria (AMCON) has begun the process of divesting its interest in telecommunications company NTEL/NATCOM, describing the firm as one of its most successful asset recovery stories following a major operational turnaround. AMCON's Managing Director and Chief Executive Officer, Gbenga Alade, announced the development during an…

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:…

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…

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…

Governor, Central Bank of Nigeria, Olayemi Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the naira should remain market-driven and competitive rather than being artificially supported, as the apex bank retained its benchmark interest rate and reaffirmed its commitment to reducing inflation to single digits.…

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…