NIPCO Plans to Buy 19.4% Stake in Savannah Energy
Savannah Energy Plc, the Africa-focused British independent energy company, has announced the planned introduction of a new strategic shareholder, NIPCO,
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Lafarge Africa’s Nine-Month Profit Triples to N208bn Ahead of Huaxin Cement Takeover
Lafarge Africa Plc, one of Nigeria’s largest cement producers, has reported a more than threefold increase in earnings for the
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The Two African Currencies Set to Outperform Others This Year
Ghana and Zambia have emerged as the two African countries with the strongest currencies in the first eight months of
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NNPC’s Profit Plunges 60% in September as Output Falls
State-owned Nigerian National Petroleum Company (NNPC) saw its profit tumble by 60 percent last month as oil and gas production
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Cost of Cooking Jollof in Nigeria Drops for First Time in Nearly 8 Years
…falls to N26,256 in September amid easing inflation The average cost of preparing a pot of jollof rice for a
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Moniepoint Raises Fresh $200m One Year After Unicorn Status
Moniepoint Inc. has announced it has raised over $200 million in equity financing in a recently closed Series C funding
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Shell Says Nigeria Needs Sustained Actions to Attract Gas Investments
Nigeria needs sustained actions to attract and retain investments in the gas sector to ensure economic growth and industrialisation, senior
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Nigeria’s Inflation Drops to Three-Year Low of 18.02%
*Food inflation follows suit, easing to pandemic-era levels Nigeria’s headline inflation rate eased for the sixth consecutive month in September
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DHL Plans to Invest Over €300m in Sub-Saharan Africa
DHL Group today announced a €300+ million planned investment in Sub-Saharan Africa, which it described as a region of “growing
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Nigerian Banks See Biggest Fall in Africa’s Top 100 Ranking
*Combined Tier 1 capital plunges 45.6% Three Nigerian lenders — Union Bank of Nigeria, Stanbic IBTC Bank, and Ecobank Nigeria
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