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Global trade hits record $35tn despite disruptions
Global trade reached a record $35 trillion in 2025, but developing countries are struggling to secure a greater share of the global economy as technological barriers, restrictive trade policies and mounting financial pressures reshape international commerce, the United Nations Conference…
After listing, Airtel Money makes muted London trading debut
Airtel Money, the digital financial services arm of Airtel Africa, has commenced conditional trading on the Main Market of the London Stock Exchange (LSE), with an offer price of £1.96 per share valuing the company at approximately £5.3 billion. The…
Elumelu raises Seplat stake by $71m ahead of board chairmanship
Nigerian businessman and investor Tony Elumelu has increased his interest in Seplat Energy Plc, with Heirs Energies, a company he controls, acquiring an additional six million shares in the Nigerian energy producer ahead of his scheduled assumption of the company’s…
Hormuz shipping rebound yet to ease fuel prices, inflation
The gradual recovery of crude oil shipping through the Strait of Hormuz is unlikely to translate into immediate relief for transportation fuel prices or inflation, as depleted oil inventories, damaged refining capacity and persistent disruption to refined-product shipments continue to…
UK, Abia deepen partnership on digital transformation, investment
The United Kingdom has reaffirmed its commitment to deepening its partnership with Abia State, with British Deputy High Commissioner in Lagos, Jonny Baxter, highlighting the state’s growing reputation for entrepreneurship, innovation and economic opportunity. Baxter made the commitment at the…
African Local Content: Start small, prove it works, then think continental
[Emmanuel Okoroafor, Ph.D] African Local Content is an attractive and potentially transformative idea. Done properly, it could deepen African industrial capacity, create employment, encourage technology transfer, strengthen indigenous businesses and retain a much greater share of the value generated from…
Flare gas commercialization: Policy targets, jubilant licensees and investment reality
Sopuruchi Onwuka Federal government is getting increasingly impatient with the slow progress made by the licensees of the Nigeria Flare Gas Commercialization Programme (NGFCP), threatening to revoke their awards of access to flare gas at the nation’s oil production sites;…
UK appoints Vicky Seymour as Deputy High Commissioner to Nigeria
The United Kingdom Government has appointed Ms Vicky Seymour as its new Deputy High Commissioner in Abuja, succeeding Mrs Gill Lever, OBE, who completed her diplomatic posting to Nigeria in June 2026. Ms Seymour has now assumed office in Abuja,…
Nigeria joins Saudi-led maritime coalition amid mounting domestic security pressures
Nigeria has joined 13 other countries in a Saudi Arabia-led multinational maritime security coalition established to protect critical international shipping routes through the Strait of Hormuz, the Bab el-Mandeb Strait, the Red Sea and the Gulf of Aden, even as…
NCDMB commends Brentex’s $50m steel pipe facility, pledges industry support
The Nigerian Content Development and Monitoring Board (NCDMB) has commended Brentex Petroleum Services Limited for the significant progress recorded on its $50 million Steel Pipe Induction Bending and Coating Facility. The agency described the facility which is located at the…
