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Dangote, Norges Bank in talks over strategic investments across Africa
Frank Okon Dangote Group says it is in discussions with Norges Bank Investment Management over a potential strategic partnership aimed at expanding investments across critical sectors and regions in Africa. The move, according to a statement from the company, could…
Seplat $840.7m Q1 revenue, strong dividend and sturdy cash flow
Ziggy Ojiegbe Seplat Energy has reported a solid financial and operational performance for the first quarter of 2026, posting higher revenue, profit growth and a significant increase in shareholder returns, despite operational challenges during the period. The dual-listed energy firm,…
Africa’s $4 trn domestic capital still unlinked to development financing
Institutional funds can unlock development projects __AFC Africa’s domestic capital base has grown to a level that now surpasses external financing flows over the past decade, but much of this wealth remains locked in institutional funds and is yet to…
FG to stake $75m in Flutterwave as company lists in Nigerian bourse
Ziggy Ojiegbe Nigeria is taking a more direct role in shaping the future of its tech sector, with President Bola Tinubu approving a $75 million investment in Flutterwave ahead of the company’s planned listing on the Nigerian Exchange. The funding,…
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…
NNPC rebuilding corporate culture, shopping partners before future IPO __Ojulari
Sopuruchi Onwuka Nigeran National Petroleum Company (NNPC) Limited has declared that it is currently placing internal reform at the center of its transformation drive, with secondary objectives focused on plugging capacity gaps with private partnerships while exploring low-cost funding. Oracle…
Nigeria’s 2025 capital inflows surge 90% to $23.2 bn
Frank Okon Foreign capital inflows into Nigeria jumped nearly 90% last year, reaching $23.2 billion, driven largely by portfolio investment in the country’s bond and money markets. According to official data, net capital from abroad rose from $12.3 billion in…
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…
SEFA targets $10 Bn for Africa’s clean energy projects
Sopuruchi Onwuka The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank Group, plans to mobilize more than $10 billion in commercial capital by 2030 to finance clean energy projects across the continent as momentum builds behind…
REA, Lotus Bank to launch dedicated renewable energy financing facility
Sopuruchi Onwuka The Rural Electrification Agency (REA) and Lotus Bank have agreed to deepen their collaboration on renewable energy financing in Nigeria, marking a shift from project-based support to a structured, large-scale funding framework. The decision followed a high-level meeting…
