Wael Sawan, Shell’s Chief Executive Officer, says his focus is on cutting costs and redirecting the company towards its most profitable sectors — oil, gas, and biofuels — while moving away from renewables. The oil major has a $3.5 billion…
Oil prices rose on Tuesday for a fifth day on concerns that global supply will reduce after the U.S. announced tariffs on countries that buy Venezuelan crude. Brent crude futures were up 31 cents to $73.28 a barrel by 9:50…
Six vessels carrying about 1.7 million barrels of jet fuel from the Dangote refinery arrived at U.S. ports this month, data from ship-tracking service Kpler showed. Another vessel, Hafnia Andromeda, is set to arrive at the Everglades terminal on March…
Stock markets mostly rose on Monday as worries about fresh US tariffs penciled in for next week were tempered by hopes that US President Donald Trump was considering a more targeted approach. Investor sentiment has been jolted in recent…
The Board of the United Bank for Africa (UBA) has proposed a final dividend of N3.00 per share from the retained earnings account as of 31 December 2024. According to a filing on the Nigerian Exchange Limited (NGx) on Monday,…
9mobile, one of the mobile network operators in Nigeria, has responded to reports making rounds alleging its shutdown of operations in Nigeria. In a statement sent to journalists, the management of 9mobile categorically refuted the reports, describing them as “false…
Oil prices dropped on Monday as the market anticipated either an increase or decrease in supply by the Organization of the Petroleum Exporting Countries and allies (OPEC+), while also assessing the outlook for ceasefire talks aimed at ending the Russia-Ukraine…
Bitcoin and other leading cryptocurrencies extended their gains on Monday, hitting $87. As of 9:55 am WAT, Bitcoin rose 3.71% to $87,480, while Ethereum gained 4.05%, trading at $2,093, buoyed by positive investor sentiment despite concerns over upcoming U.S. tariffs…
The management of LivingTrust Mortgage Bank Plc has announced the appointment of new directors. A notice sent to the Nigerian Security Exchange (NSE) on Monday, and signed by the bank’s Managing Director and Chief Executive Officer, Dr. Olumide Adedeji, said…
The Board of Directors of Dangote Sugar Refinery Plc has announced the appointment of Mrs Yemisi Ayeni as an Independent Non-Executive Director. The board formally approved her appointment on March 20, 2025. Mrs Ayeni brings extensive financial and leadership expertise…
The African Development Bank Group President, Dr. Akinwumi Adesina has announced plans to launch a $500 million facility designed to unlock $10 billion in financing for smallholder farmers and small agribusiness enterprises across Africa. Speaking at the High-Level Conference on…
Oil prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. dollar. Brent crude futures were up 34 cents, or 0.5%, to stand at…
Seplat Energy Plc has successfully concluded its tender offer for the repurchase of its outstanding 7.750 per cent Senior Notes due 2026. In a statement released through the Nigerian Exchange (NGX) on Wednesday, the company said the offer is with…
The Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in naira, following the collapse of its naira-for-crude oil agreement with the Nigerian National Petroleum Company Limited (NNPCL). The suspension, announced on Wednesday, March, 20, 2025 has sparked…
Nigerian Breweries Plc (NB) has announced the acquisition of the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (DWSN). In a disclosure published on the Nigerian Exchange on March 19, 2024, and signed by company secretary Uaboi G.…