Namibia probes TotalEnergies, Petrobras offshore acquisition without approval
Namibia has raised concerns that TotalEnergies and Petrobras acquired new offshore interests in the Lüderitz Basin without notifying the energy ministry or…
Business
Paramount aims to clear antitrust hurdle for Warner Bros. offer
Paramount Skydance Corp. is aiming to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc.…
DisCos blame power outages on sharp drop in gas supply
Electricity distribution companies have attributed ongoing power outages to a significant reduction in gas supply to power plants, cautioning customers to expect…
Transcorp Power revenue surges 30% to ₦398.27bn in 2025
Transcorp Power Plc, a power generation subsidiary of Transnational Corporation Plc (Transcorp Group), announced a 30 per cent rise in revenue for…
US extends AGOA duty-free access for Nigeria, others
The United States has prolonged duty-free market access for Nigeria and other qualifying African nations under the African Growth and Opportunity Act…
FG launches initiatives to boost Nigeria’s gas-to-power sector
The Federal Government has introduced new initiatives aimed at bolstering Nigeria’s gas-to-power sector, highlighting natural gas as the backbone of electricity supply…
FG reaffirms commitment to protect LG funds
The Federal Government has restated its commitment to stop the prolonged diversion of funds meant for the 774 local government councils from…
Uber ordered to pay $8.5m in landmark driver assault lawsuit
A United States federal jury in Phoenix on Thursday ordered Uber to pay $8.5 million in damages after ruling in favour of…
MTN in advanced talks to acquire full control of IHS Towers
MTN Group is in advanced talks to acquire the remaining 75 per cent stake in IHS Towers, a move that could value…
MoMo PSB partners SMEDAN to empower Nigerian SMEs digitally
MoMo PSB, the fintech arm of MTN Nigeria, has entered a strategic partnership with the Small and Medium Enterprises Development Agency of…
Dangote Refinery does not import finished petroleum products – MD
The Managing Director of the Dangote Petroleum Refinery, David Bird, stated that the $20 billion facility does not import finished petroleum products.…
Nike faces US probe for race-based employment practices
The United States Equal Employment Opportunity Commission has launched an investigation into Nike, alleging the company discriminated against white employees, including through…