African airlines face soaring costs as jet fuel supply dwindles
Airlines are grappling with soaring jet fuel prices as the U.S.-Israeli war on Iran has caused a supply shortage – leaving consumers facing surcharges and airlines struggling to manage volatile…
World Bank Calls for Redirecting $490BN in Subsidies to Bridge $70BN Annual Irrigation Funding Gap
The World Bank has called for the redirecting of $490 billion in Subsidies to bridge $70 billion annual irrigation funding Gap, according to a new World Bank Group report launched…
African nations to borrow $155 billion this year – S&P says
African nations are expected to borrow $155 billion in long-term commercial debt this year, S&P Global Ratings said in a report, a 10% increase on the previous year, to refinance…
Oil prices rise 1% after renewed Iranian attacks on UAE
Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no…
NUPRC Notifies Successful Bidders as $10bn Oil Licensing Round Enters Data-Leasing Phase
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has completed the pre-qualification stage of the 2025 oil Licensing Round and notified successful pre-qualified applicants accordingly. A statement by Eniola…
NLNG expands VIBES programme, inducts new beneficiaries
NLNG’s economic empowerment initiative, the Vocational Innovation Business and Empowerment Scheme (VIBES), has inducted a new cohort of 103 trainees into its 2026 empowerment programme. The induction ceremony, held…
Nigeria market drives MTN to $2.81bn profit in 2025 after loss in previous year
Africa’s biggest telecoms operator MTN Group (MTNJ.J), said on Monday it swung to an annual profit before tax of 47.4 billion rand ($2.81 billion), driven by strong performances in MTN…
Nova Bank meets CBN capital requirements, appoints Jude Anele as MD/CEO
NOVA Bank Limited has announced the appointment of Jude Anele as its Managing Director and Chief Executive Officer, following the approval of the Central Bank of Nigeria. The appointment…
PETROAN Urges Reinvestment of Oil Windfall into Gas Infrastructure to Lower Transport Costs
…To Partner with P-CNGI to Expand Gas Stations Nationwide The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says proceeds from the current gains in the oil sector, could…
Ojulari, NNPC and self-audit, by Ken Ugbechie
Until you summon the courage to lose sight of the shore, you can never cross the ocean. That was one of the nuggets of leadership from Christopher Columbus, the Italian…