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Moniepoint acquires controlling stake in Kenyan microfinance bank
Ziggy Ojiegbe Nigerian digital payments firm Moniepoint has acquired a 78% stake in Sumac, a Kenyan microfinance bank, as part of its rapid expansion across Africa’s financial services sector. Over the past five years, Moniepoint has evolved from a technology…
Fatona, Uche recognised for shaping Nigeria’s mining, energy future
Sopuruchi Onwuka The Nigerian Mining and Geosciences Society (NMGS) has awarded its highest honour, the NMGS/Shell Award, to the Chairman of Renaissance Africa Energy Company Limited, Dr. Layi Fatona, in recognition of his contributions to the country’s mining and energy…
Allies eye post-war mission to protect Strait of Hormuz
Ziggy Ojiegbe G7 nations have reaffirmed a unified commitment to safeguard maritime security in the Strait of Hormuz, pushing back against Iran’s emerging plan to impose tolls and tighten control over the critical global shipping route. Meeting in France, foreign…
FG in rush for more barrels as oil prices soar
Sopuruchi Onwuka Beyond prevailing pressure on operating companies to rapidly pump more barrels into the market to meet up with revenue aspirations projected in the 2026 fiscal plans, the upstream petroleum industry regulators are in sync to accelerate approval process…
NUPRC backs high-stakes upstream investment forum at AOW:Energy 2026
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed a new investment platform focused on Nigeria’s upstream oil and gas sector, set to take place during AOW:Energy 2026 later this year. Organisers say the Nigerian Upstream Investment Forum…
NCDMB, Edison finalize deal to boost Bayelsa tourism
Radisson brand anchors in Yenegoa Sopuruchi Onwuka Bayelsa State is poised for a significant boost in tourism, hospitality and business activities as plans progress for the commissioning of a Radisson-branded hotel developed by the Nigerian Content Development and Monitoring Board…
Shell puts $750m cost to Iran’s attack on Qatar’s Pearl GTL plant
Fred Ike Shell is facing an estimated $750 million hit to revenues following Iran’s attack on its Pearl gas-to-liquids facility in Qatar, adding to the wider disruption across the country’s energy sector. The Pearl GTL plant, located within Ras Laffan…
QatarEnergy, ExonMobil count over $28bn losses on Iran strikes
Sopuruchi Onwuka Estimated cost and income losses from Iran’s strikes on Qatar’s gas infrastructure have climbed to about $28.57 billion, as QatarEnergy and ExxonMobil assess the damage to key liquefied natural gas facilities. The attacks on 18 and 19 March…
LNG Force Majeure! How Iran exports war pains across global economies
Sopuruchi Onwuka Iran’s missile strikes on Qatar’s gas infrastructure have delivered a systemic shock to global energy markets, exposing the vulnerability of domestic economies to external supply disruptions and triggering a renewed economic squeeze worldwide. The attacks, launched on March…
NSIA dairy deal to create 7,500 jobs, strengthen food supply
Sopuruchi Onwuka The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK‑based Asset Green Limited to develop an integrated dairy livestock production and processing platform in Nigeria. The partnership represents a major step toward transforming…
