French food giant Danone expands investments in Nigeria
Danone, one of the world’s leading food and beverage companies, is increasing its investment in Nigeria, even as other multinationals exit due…
Business
Singapore Airlines to pay staff seven months bonus after $2.1bn income
Singapore Airlines announced a 7.45-month bonus for its employees following a record net profit of S$2.78 billion for the 2024/25 financial year,…
Africa requires $600b annually to meet energy need – NUPRC
The CEO of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has stated that Africa will need over $600 billion annually in…
Make oil investment competitive, Tinubu’s aide urges African nations
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, issued a stark warning to African nations at the 2025 Africa…
Reforms position Nigeria as emerging investment hub – Envoy
Nigeria’s ongoing economic reforms are positioning the country as a prime destination for foreign investment, according to the British Envoy, Richard Montgomery.…
Boeing strikes record $96b deal with Qatar Airways
Boeing and GE Aerospace have reached a $96 billion agreement on Wednesday to supply Qatar Airways with up to 210 aircraft, including…
Mamuda Beverages invests $50m in new industrial facility in Ogun
Mamuda Group Nigeria Limited, via its subsidiary Mamuda Beverages, is investing $50 million in a new industrial facility in Ogun State. The…
Sony shares climb amid volatility after $1.7b buyback news
Sony Group Corp. shares climbed over 3.5% in volatile trading Wednesday after the Japanese conglomerate announced a ¥250 billion ($1.7 billion) share…
Nigeria ships first Obodo crude blend, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission announced the successful export of the inaugural cargo of the Obodo crude blend, marking a pivotal…
China resumes Boeing plane deliveries amid US trade talks
China has lifted its ban on domestic airlines accepting deliveries of Boeing aircraft, signaling a thaw in trade tensions with the United…
Nigeria to receive $3b in telecoms infrastructure in June – Tijani
The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced that the Nigeria will receive $3 billion worth of telecommunications equipment…
Creative Ministry to contribute $100b to Nigeria’s economy by 2030 – Minister
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, announced on Monday that the ministry aims to contribute $100…