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Dangote’s Anthony Chiejina flies Nigerian colors in Global Influence 100 list
Named among world’s communications leaders for 5th time Anthony Chiejina, Group Chief Branding and Communications, Dangote Group, has been named to the prestigious 2025 Influence 100, reaffirming his standing as one of the most consequential communications leaders in the world…
Tinubu nominates 21 board members for NMDPRA, NUPRC
Sopuruchi Onwuka President Bola Tinubu has written to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The nominations were disclosed…
BlueCore buys out Helios, Sojitz Corporation to own Axxela
Sopuruchi Onwuka Helios Investment Partners has completed the sale of its 75% stake in Axxela, the Nigerian natural gas distribution infrastructure company, to BlueCore, marking a full exit by its existing shareholders. As part of the transaction, Sojitz Corporation, the…
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…
Iranian uprising adds to building pressure on oil prices
Rising tensions across several key oil-producing countries risk overturning the market’s current complacency and triggering a sharp rebound in oil prices, particularly as sanctions continue to constrain Russian exports. Crude prices fell sharply in 2025 as oversupply fears dominated sentiment,…
Nigeria Leads Sub-Saharan Africa’s LNG Boom
Sopuruchi Onwuka Sub-Saharan Africa’s liquefied natural gas (LNG) supply is set for rapid expansion over the next decade, with total output forecast to rise by 172% from 35.7 billion cubic metres (bcm) in 2024 to about 98 bcm by 2034,…
Trump demands oil firms to invest more to recover Venezuelan assets
Ziggy Ojiegbe U.S. oil companies that lost assets to Venezuela’s nationalizations decades ago may get help recovering them — but only if they agree to reinvest heavily in the country’s battered oil industry. Officials in the Trump administration have told…
Prices enters 2026 bearish despite U.S. siege on Venezuela’s shadow oil fleet
Sopuruchi Onwuka U.S. authorities are intensifying enforcement against Venezuela’s oil exports as global crude prices post their steepest annual decline since the pandemic era. Oil prices fell sharply in 2025, with ICE Brent crude ending the year at $60.85 a…
Japa: Death tolls on Mediterranean routes amplify the cost of diaspora remittances
By Sopuruchi Onwuka More than 3,000 African migrants died in the Mediterranean Sea in 2025 while attempting dangerous crossings into Europe, according to a new report by Spanish NGO Caminando Fronteras. The report highlights the desperation that pushes young skilled…
Heirs Energies stakes $500m on 20.07% Seplat equity
Buys Out Maurel & Prom Sopuruchi Onwuka Heirs Energies has declared that it has acquired a 20.07 percent equity stake in Seplat Energy Plc, strengthening indigenous ownership in Nigeria’s largest independent energy company. The indigenous integrated energy firm announced on…
