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Dangote Sugar approves ₦500bn rights issue, ratifies board changes
Frank Okon Shareholders of Dangote Sugar Refinery Plc have approved a plan to raise up to ₦500 billion through a rights issue, alongside key governance and financial resolutions, at the company’s 20th Annual General Meeting (AGM) held in Lagos. The…
OPEC reports sharp drop in Middle East oil output amid Iran war
The Organization of the Petroleum Exporting Countries (OPEC) has reported a significant decline in crude oil production among its member states, citing the ongoing conflict involving Iran as a major disruptor to supply across the Middle East. In its production…
Dangote warns rising oil prices may ground Nigerian airlines
Demands subsidies for farmers Ziggy Ojiegbe, with agency reports Chairman of the Dangote Group, Aliko Dangote, has called on the Nigerian government to introduce targeted subsidies for farmers, warning that surging global oil prices could cripple both agriculture and aviation…
Oil slumps as Strait of Hormuz reopens despite U.S. blockade on Iran
Ziggy Ojiegbe Iran said it has fully reopened the Strait of Hormuz to commercial shipping, triggering a sharp drop in global energy prices and raising cautious optimism that tensions with the United States may be easing, even as Washington insists…
Iran slips 3 oil cargoes through Strait of Hormuz as tensions ease
Ziggy Ojiegbe Three Iranian oil tankers carrying roughly five million barrels of crude have successfully exited the Gulf, marking the first such movement since Washington imposed a blockade on Iran’s oil exports earlier this week. The development raises fresh questions…
BADEA, DBN strike €40m credit deal to expand SME financing in Nigeria
Sopuruchi Onwuka The Arab Bank for Economic Development in Africa has signed a €40 million line of credit agreement with the Development Bank of Nigeria to expand access to long-term financing for small businesses across Nigeria. The agreement was formalized…
Joe-Ezigbo unveils plan to expand Falcon’s role in Nigeria’s gas sector
Sopuruchi Onwuka New Chief Executive Officer of Falcon Corporation Limited, Mrs Audrey Joe-Ezigbo, has outlined a growth strategy aimed at expanding the company’s footprint in Nigeria’s gas market and positioning it for a larger role in Africa’s energy transition. Her…
NLNG awards ₦250m to 51 entrepreneurs at 2026 VIBES Pitch-a-Thon
Ziggy Ojiegbe Nigeria Liquefied Natural Gas Limited has awarded ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES). The beneficiaries emerged from a pool of 103 participants drawn from…
AOW:Energy 2026: NCDMB partnership to boost African energy development
Sopuruchi Onwuka Participation of the Nigerian Content Development and Monitoring Board (NCDMB) in the upcoming AOW:Energy 2026 will advance key priorities shaping the continent’s energy future, the organizers have declared. According to a media available to Oracle Intelligence, the participation…
Nigeria–Morocco $25bn gas pipeline set for multilateral backing
WAPCO declares infrastructure readiness for extension A major trans-African energy project, the Nigeria–Morocco gas pipeline, is moving closer to reality as plans advance to secure multilateral endorsement and finalize a key intergovernmental agreement this year. The project known as the…
