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MAX secures $8m debt funding for E-Mobility operation across Africa
Frank Okon Metro Africa Xpress (MAX) has secured $8 million in debt financing from Triple Jump to support the expansion of its electric mobility operations across Africa, in a deal arranged by Verdant IMAP. The funding marks an important milestone…
OML 100: TotalEnergies to displace FSO Unity with FSO Adiana by End-2027
Ziggy Ojiegbe TotalEnergies Exploration and Production Nigeria (TEPN) Limited, operator of the Joint Venture between TotalEnergies and NNPC Limited, has announced plans to deploy a new floating storage and offloading (FSO) vessel, FSO Adiana, offshore Nigeria by the end of…
Ekpo seeks Nigeria’s associate membership of International Energy Agency
Frank Okon Nigeria has formally applied to join the International Energy Agency as an associate member, marking a significant step in the country’s effort to strengthen its role in global energy governance. The development was disclosed on Wednesday by IEA…
Dangote’s East Africa Refinery, 20,000MW power plans signal continental expansion
Ziggy Ojiegbe Plans by Nigerian industrialist Aliko Dangote to replicate his $20 billion Lagos refinery complex in East Africa emerged as one of the defining announcements at the just concluded Africa Forward Summit hosted by the governments of Kenya and…
Nigeria-Morocco gas pipeline to strengthen AfCFTA, expanding economic integration
Frank Okon Nigeria and Morocco’s renewed push to advance the proposed $26 billion African Atlantic Gas Pipeline is increasingly being viewed by analysts as more than just an energy infrastructure project. Beyond gas exports, the initiative is emerging as a…
BOI’s 7% interest guaranteed loan scheme for West African women will boost SMEs
Bank of Industry (BOI) has said that its Guaranteed Loan (GLO), which charges an annual interest rate of 7% for businesses owned by women in West Africa, will boost Small and Medium Enterprises (SMEs) in the region. Managing Director…
AIICO Insurance reports 26.5% revenue growth, as GPW rises to N191bn
AIICO Insurance Plc had reported a 26.5 per cent increase in revenue, representing N137 billion for the year ended December 31, 2025, driven by stronger underwriting performance, improved investment income, and broad-based growth across its insurance and asset management…
Fidelity Bank’s gross earnings hit N1.5trn
Fidelity Bank Plc has reported a 45 per cent increase in gross earnings for the 2025 financial year, just the bank’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection. Analysis from the…
FCMB Asset Management rebrands mutual funds after SEC approval
FCMB Asset Management Limited has received approval from the Securities and Exchange Commission to execute supplemental trust deeds covering the rebranding of its legacy mutual funds and a reduction in minimum subscription thresholds for selected investment products. The company, which…
Nigerian banks face $1.7bn Eurobond maturity wall stronger amid widening sector divergence
Nigeria’s banking sector is entering a key Eurobond maturity cycle with significantly improved foreign-currency liquidity conditions, stronger external reserves, and reduced near-term refinancing pressure. This is, however, as according to Fitch Ratings, the apparent stability masks persistent structural constraints…
