Author: Mujeedat

Investors are closely examining how Dangote Refinery plans to secure affordable and reliable crude oil supplies as it prepares for a landmark Initial Public Offering (IPO) expected to raise around US$5 billion in October, potentially Africa’s largest public listing to date. The refinery, the largest on the continent and majority-owned by Africa’s richest man, Aliko Dangote, has reported strong earnings in recent months, boosted in part by global market disruptions linked to the Iran war that increased demand for alternative fuel sources. However, potential shareholders are questioning whether the refinery can maintain healthy profit margins while sourcing enough…

The Minister of Education, Dr. Maruf Tunji Alausa, has warned that billions of naira invested in clean power projects across Nigeria’s tertiary institutions risk being wasted if the facilities are not subjected to professional maintenance and rigorous asset management. Alausa issued the warning on Wednesday in Abuja at the official launch of the Renewable Energy Asset Management Company (RAMCO), stressing that the sustainability of the nation’s energy investments depends on proactive operational oversight rather than just project deployment. “Without this, even the best infrastructure will eventually fail to deliver the benefit for which it was established,” Alausa said,…

Guinness Nigeria’s Open For More National Consumer Promotion (NCP) has recorded 428 winners after four weeks of its weekly live draws, with 107 consumers emerging as winners every Friday since the first draw on July 31. In each weekly draw, seven consumers win ₦1 million each, while another 100 consumers receive ₦100,000 each. With four draws now completed, 28 consumers have so far won the ₦1 million prize, while 400 others have won ₦100,000, bringing the total number of winners to 428. The weekly draws take place every Friday at 3:00 PM on the Guinness Nigeria Instagram page,…

Corporate Accountability and Public Participation Africa (CAPPA) has filed a Freedom of Information (FOI) request with the National Assembly, demanding comprehensive legislative records on the National Tobacco Control Act (Amendment) Bill, 2025, amid concerns from public health stakeholders that proposed changes could weaken Nigeria’s tobacco-control framework. The request, dated August 13 and addressed to the Clerk of the Senate, comes days after the Nigeria Tobacco Control Community—a coalition of more than 100 civil society organisations, public-health advocates and tobacco-control stakeholders—rejected the proposed amendments and called for the Bill’s immediate recall. CAPPA said it is seeking the records to…

The African Energy Chamber (AEC) has identified fiscal reforms in Nigeria’s oil and gas industry as a transformational model for Africa, noting that they provide clear guidance and a framework capable of delivering significant benefits. The Chamber observed that as African governments seek greater state participation, higher local content and a larger share of resource revenues, the terms governing oil and gas investments are changing across the continent. Since 2014, 31 African countries have reformed their mining and petroleum codes, creating new commercial and regulatory considerations for international investors. The resulting environment is placing greater emphasis on how…

Savannah Energy has announced the completion of drilling and tie-back operations for the Uquo 13 development well in Nigeria, with the well achieving first gas in July and testing at approximately 50 million cubic feet per day (mmcf/d). The company spudded the Uquo South exploration well in early August and is currently completing it. Gas has been confirmed in most of the targeted reservoirs through pressure measurements, fluid sampling and logging, with full evaluation of the discovery to follow once well testing is complete. Uquo South was targeting an unrisked gross gas initially in place figure of 131…

Countries directly affected by the Iran conflict collectively produced approximately 45 million barrels of oil per day in 2025, representing more than 43 per cent of worldwide supply, according to Reuters analysis of International Energy Agency (IEA) data. The scale of disruption has surpassed previous energy crises. The situation has benefited the United States, boosting global dependence on American oil output, although extreme weather has occasionally interrupted U.S. supplies as well. The current crisis began six months ago when U.S. and Israeli strikes on Iran sparked the largest oil supply disruption in history, with no resolution in sight.…

The Elevation Church is creating opportunities for young Nigerian adults and singles as part of broader efforts to engage youth in national development. The Hangout, the annual singles experience organised by LifePointe and Surge, youth expressions of The Elevation Church, will return on 5 September 2026 with a multi-city edition designed to help singles and young adults connect, have fun and explore meaningful relationships within a faith-based community. Themed “Hangout Retro: Back to the Fun. Forward in Connection,” the 2026 edition will take place in Lagos, Ibadan and Abeokuta on 5 September, followed by an Abuja edition on…

Nigeria is taking urgent steps to reduce the approximately $23 million spent annually on imported pharmaceutical-grade starch by encouraging local cassava processors to meet drugmakers’ quality standards. The move aims to open a higher-value industrial market for cassava and help replace imports with locally produced pharmaceutical-grade starch, a purified form of plant starch used as an excipient in medicines. Pharmaceutical-grade starch typically serves as a binder, filler or disintegrant in tablets and capsules. While not an active pharmaceutical ingredient, it helps give medicines their required form, stability and performance. The Industrial Cassava Stakeholders Association of Nigeria (ICSAN)…

Kabod Digital Marketing Academy has trained more than 400 Nigerians in practical digital marketing skills since 2021, aiming to bridge the gap between the growing use of digital platforms and the shortage of professionals capable of deploying them to achieve measurable business results. The academy, founded by Emmanuel Egaga, said its training model was designed to move beyond theoretical learning by equipping participants with practical experience in areas such as paid advertising, search engine optimisation (SEO), analytics, content strategy, and digital marketing planning. Egaga said the academy was established after identifying a major gap in Nigeria’s digital economy;…