Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, to significantly reduce CO2 emissions by offsetting flaring of natural gas and turning it instead into a valuable chemical for solvents, paints, plastics and car parts. AFC has committed to the development stage …read more →
News & Reports
Nigeria Criminalizes Willful Damage of Critical Infrastructure
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, announced on Wednesday the release of an official gazette titled “Designation and Protection of Critical National Information Infrastructure Order, 2024,” aimed at safeguarding the country’s key technological assets. Tijani, in a statement on his X platform, expressed gratitude to President Bola Ahmed Tinubu for approving …read more →
Governor AbdulRazaq’s Investments in Infrastructure Boost Kwara’s Economic Growth
Kwara State has been rated among the top 10 states in the country with improved Internally Generated Revenue (IGR), according to a recent report by the Joint Tax Board (JTB). In the report shared by the Joint Tax Board (JTB) at its 155th meeting at Zuma Rock Resort, Suleja, Niger State, Kwara moved from the …read more →
Oando Secures $783M Acquisition of Eni’s Nigerian Agip Oil
Oando Plc has finalized the acquisition of Nigerian Agip Oil Company (NAOC), a subsidiary of Italian energy giant Eni, for a deal valued at $783 million. The company announced on Thursday through a statement issued by its Chief Compliance Officer and Company Secretary, Ayotola Jagun. With this acquisition, Oando, a prominent energy solutions provider listed …read more →
Africa’s Top Investment Destinations by RMB Report
RMB has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated to reflect new data sources, taking …read more →
Google Unveils AI Smartphones with New Features to Beat Competition
Alphabet’s Google has unveiled its latest lineup of Pixel smartphones, showcasing deeper integrations of its artificial intelligence (AI) technology as the company accelerates its push to embed AI into consumer hardware. The event, held at Alphabet’s Bay View campus in Mountain View, California, deviates from Google’s tradition of announcing new Pixel versions in the fall. This earlier timing marks Google’s …read more →
Tinubu Directs NNPC to Sell Crude to Dangote Refinery in Naira
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, which is …read more →
NLNG’s Energy-Efficient Chartered Vessel, AKTORAS, Arrives Bonny Terminal for Maiden Loading
AKTORAS, a new state-of-the-art and energy-efficient vessel, recently chartered by Nigeria LNG Limited (NLNG), has arrived at the Company’s Bonny Terminal for its maiden loading of LNG. According to a statement by the Manager, of Corporate Communication and Public Affairs, Sophia Horsfall, the charter of the vessel by NLNG’s shipping subsidiary, Bonny Gas Transport Limited …read more →
Access Bank Wins Euromoney Awards for Excellence 2024
Access Bank has been honoured at the Euromoney Awards for Excellence 2024, being named Nigeria’s Best Bank and Ghana’s Best Bank for ESG. These accolades highlight the Bank’s outstanding performance and commitment to sustainable practices across its operations in Africa. For over two decades, Access Bank has consistently demonstrated its ability to innovate and provide …read more →
Access Bank Raises N442 Billion Capital through Syndicated Tier II Facility
In a significant stride towards fostering economic growth, Access Bank PLC, sub-Saharan Africa’s largest bank by customer base, has celebrated a landmark moment in its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (equivalent of about N442,500,000,000), underscoring a …read more →