Advancements
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Falcon Corporation bags ‘A’ rating on strong cash flow, gas demand
Sopuruchi Onwuka Frontline indigenous gas distribution player, Falcon Corporation Limited, has secured an “A” long-term and “A1” short-term corporate credit rating with a stable outlook from Agusto & Co., Africa’s foremost credit rating agency. The rating was announced in Lagos…
Lagos to establish West Africa’s 1st international financial centre
Sopuruchi Onwuka Lagos State is set to establish West Africa’s first International Financial Centre following the launch of a landmark report by TheCityUK in collaboration with the UK Government, the Lagos State Government, the Lagos International Financial Centre Council, and…
GuarantCo backs $75m cashew processing plant in Ogun to boost local value addition
Sopuruchi Onwuka The British High Commission (BHC) has declared that GuarantCo, part of the Private Infrastructure Development Group (PIDG), provided a 100 per cent guarantee to support a $75 million debt facility for Robust International Pte Ltd to construct a…
UN seeks global rules for lithium, cobalt mining boom
Ziggy Ojiegbe The United Nations has called for fairness and sustainability in the global competition for critical minerals such as Lithium and Cobalt, which are essential for the transition to a low-carbon global economy. The issue is expected to take…
Fuel price jump looms as crude price hits $90/b on Strait of Hormuz closure
Sopuruchi Onwuka Nigerians should brace fuel price jumps as crude oil prices in the international market continues rise on the back of worsening military confrontations among parties and interests in the prevailing Iran war. Oracle Intelligence reports that crude oil…
NCDMB’s 204 room Radisson Hotel and Conference center ready by December
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is working with key private sector partners to commission a 204-room hotel and conference center near its headquarters in Yenegoa, Bayelsa State. The agency which is currently developing capacity for…
Machado’s Nobel Peace Prize offer to Trump signals broader support for regime change
Ziggy Ojiegbe Venezuelan opposition leader María Corina Machado said on Monday she wants to share her Nobel Peace Prize with U.S. President Donald Trump in recognition of Washington’s recent military operation that led to the capture of former President Nicolás…
ECOWAS troops deployed after failed coup in Benin
Fourteen Beninois military personnel have been arrested and stabilization force from the Economic Community of West African States (ECOWAS) deployed in Cotonou following failed coup attempt to oust the country’s president on Sunday. The coup attempt in Benin comes after…
Cross River APC Crisis: NWC intervenes in chairman’s impeachment saga
Ani Bassey The National Working Committee (NWC) of the All Progressives Congress (APC) has stepped in to restore order in the Cross River State chapter. This follows mounting tensions over the alleged removal of the State Chairman, Barrister Alphonsus Ogar…