Crude oil prices rose yesterday as markets remained on edge, driven by mounting risks to energy infrastructure from the Russia-Ukraine war, easing trade tensions between the US and China, and uncertainty over the Federal Reserve’s (Fed) rate decision. Brent crude was trading at $67.26 per barrel, up 0.1per cent from the previous close of $67.18….
The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, has said the country’s competitive reform agenda has delivered 28 Field Development Plans worth $18.2billion in investment commitments, underscoring the attractiveness of the upstream sector to investors. These commitments are also expected to unlock 1.4 billion barrels of oil (bbo) and 5.4 trillion cubic…
One of Nigeria’s largest digital export marketplace, Niteon, has launched Niteon Capital, the first neobank built specifically for African manufacturers. Founded by Nigerian entrepreneurs, Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and minerals products connect seamlessly to international buyers. With operational…
In a move highlighting its commitment to youth empowerment and gender inclusion in technology, Tech Powerhouse, TD Africa, appointed 11-year-old Elizabeth Osagie Omonefe as CEO for a day. The young beneficiary of TD Africa’s scholarship scheme stepped into the role on September 8, demonstrating that the future of Africa’s technology leadership starts with investing in…
By Dr. Robert Ekat In an increasingly interconnected world, where physical borders are diminishing in significance, the financial sector is undergoing a profound transformation. This evolution is largely driven by the rise of financial technology, or Fintech, which is reshaping the very nature of banking and making global financial transactions more accessible and efficient than…
By Ajibola Akindele West Africa continues to experience phenomenal growth; in fact, in according to research and visualisation mapping tool, Africapolis the region is undergoing one of the fastest urban transitions in the world. Cities like Lagos, Accra, and Abidjan are driven by population growth, rural-to-urban migration, and economic shifts. By 2050, Africa’s urban population is expected…
The Federal Government yesterday stated that it had finally laid to rest the proposed five per cent excise duty on telecom services introduced in the 2020 Finance Act under former President Muhammadu Buhari. Executive Vice Chairman, Nigerian Communications Commission (NCC), Dr. Aminu Maida, confirmed that President Bola Tinubu ordered the removal of the tax during…
Gino, the brand behind the much-anticipated Gino World Jollof Festival, headlined by Chef Hilda Baci’s audacious attempt to cook the World’s Largest Pot of Nigerian Jollof Rice, has announced a venue change for the event, stating it will now take place at Eko Hotel Car Park B, Lagos, on September 12, 2025. The new venue…
The Nigerian National Petroleum Company Limited (NNPCL) says the country is targeting $60 billion in new investments over the next five to seven years to expand gas infrastructure. Group Chief Executive Officer of NNPCL, Mr Bayo Ojulari, disclosed this while addressing a global audience from 150 countries at the opening of the Gastech Exhibition and…
