Advancements >>>
Advancements >>>
Flutterwave acquires Mono in rare African fintech buyout
Ziggy Ojiegbe Flutterwave, Africa’s largest fintech company, has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two of the continent’s…
Heirs Energies to drive long-term growth with $750m
Sopuruchi Onwuka Heirs Energies Limited has secured a $750 million financing from the African Export–Import Bank (Afreximbank), marking one of the largest funding transactions ever obtained by an indigenous African energy company. According to Heirs Energies, the Afreximbank facility will…
AltBank takes non-interest banking solutions to Delta State
Sopuruchi Onwuka The Alternative Bank (AltBank), Nigeria’s non-interest bank, has opened its flagship branch in Effurun, Delta State in a plan to reshape how people across the Edo and Delta region experience banking. The bank stated in a media release…
Death anniversary: NUPRC honors UM Okoro with commitment to staff welfare
Sopuruci Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to staff welfare and human capital development in honor of the late Comrade Uche Marcus Okoro, as the Petroleum and Natural Gas Senior Staff Association of Nigeria…
WIEN commends EKEDC on appointment of Wola Joseph-Condotti as interim CEO
Sopuruchi Onwuka Africa’s leading gender equity advocacy group in the energy industry, Women in Energy Network (WIEN), has congratulated the board and management of Eko Electricity Distribution Company (EKEDC) Limited on the appointment of Wola Joseph-Condotti as the company’s Interim…
Supply outlook seen keeping oil prices subdued in 2026
Ziggy Ojiegbe Oil prices are expected to remain under pressure in 2026 as forecasts point to global supply continuing to outpace demand, reinforcing expectations of a prolonged period of low prices despite recurring geopolitical risks. Major forecasters including the U.S….
Trump’s Greenland tariff threat deepens rift between Europe and the United States
Ziggy ojiegbe Donald Trump’s threat to impose new tariffs on European allies over their opposition to his proposed takeover of Greenland has sharply worsened relations between the United States and Europe, exposing growing mistrust within the transatlantic alliance. The US…
WEF kicks off amid escalating global military and diplomatic tensions
Ziggy Ojiegbe More than 60 heads of state and government are gathering today in Davos, Switzerland, as the World Economic Forum (WEF) opens against a backdrop of rising geopolitical tensions, trade disputes, and military confrontations that threaten the global economy….
Seplat Energy reaffirms commitment to ESG-aligned operations
Sopuruchi Onwuka Integrated energy company Seplat Energy Plc has reaffirmed its commitment to conducting its operations in line with global environmental, social, and governance (ESG) standards, stressing the need for responsible and sustainable practices within Nigeria’s petroleum industry. The company,…