Business

Nigeria Oando’s native energy solutions company, with a primary and secondary list on the Nigerian and Johannesburg stock exchanges, today announced the success of a reserve -based loan facility (RBL2) which managed to become $ 375 million. Re-financing, led by the African export-import bank (Afreximbank) with the support of Mercuria, expanded the final maturity date of the facility until 30 …

By Barth Ikiebe The assistant general police inspector, the headquarters of Zone 7, Aig Victor Olaiya, directed the Federal Capital Territory (FCT) and the Niger state police commands to intensify supervision and strengthen the security measures in their jurisdictions in view of the celebrations of the Sallah Festival. A declaration signed by the Public Relations Officer of the Police, ASP …

Former Executive Director of Corporation Asset Management Nigeria (AMCON), Abbas Jega, has told the Lagos State High Court that Arik Air consistently failed to cooperate with Amcon’s efforts to restore debts owed to the company. Testifying on Wednesday before Judge Mojisola Dada in the Court of Special Violations in Ikeja, Jega painted a picture of resistance and prolonged avoidance by …

Violation of the Etablishment Law: Cipmn to Seal, Sanzion Project Management Institute, others Abuja (basic reporter) for the violation of the institution law, the Chartered Institute of Project Managers of Nigeria (Cipmn) has issued a final warning to the Project Management Institute (SME) Nigeria, to the project management organizations and consultancy for urgency for the requirements and accreditation or face …

The administrator of the presidential amnesty program (Pap), dr. Dennis Otuaro, he congratulated the traditional sovereign of the Kingdom of Okochiri in the state of sparrows, his real majesty, King Ateke Tom, on the occasion of his 61st birthday. Otuaro was among the prominent guests who honored the colorful celebration of King Ateke’s birthday in his palace in OKOchiri, in …

The Lawyer of the Emir deposed of Gwandu, to Mustapha Jokolo, declared Wednesday to accept the sentence by the Supreme Court that overturned the orders of the Court for his restoration. The Supreme Court, with a sentence divided of three and two, found that Kebbi’s Alta Court, who said Jokolo as Emir, was missing from jurisdiction to entertain the matter …

A high-level meeting was held to discuss a transformative partnership aimed at establishing a state-of-the-art multi-user hub for shipbuilding, maintenance, and a fully integrated shipyard in the Ports of Monrovia and Buchanan between the Management of the National Port Authority (NPA) and the Make Group company in Korea. Speaking at the opening of the meeting, NPA Managing Director Sekou A. …

Oando PLC, one of the leading integrated energy companies in Africa, has announced its increase in income to N4.1 trillion. This is contained in the Full Year (TA) of 2024 financial results that ended on December 31, 2024. According to the results posted at the Nigerian Exchange Group (NGX) on Wednesday, June 4, 2025, this is a 44% increase when …

Global Ratings Agency Fitch Ratings has reduced the ranking of African export-imports (Afreximbank) Long-term Publisher Long-Term Publisher (IDR) to ‘BBB-‘ from ‘BBB’, signifies “negative prospects”. The Global Ranking Agency also reduced the short-term IDR to the bank to ‘F3’ from ‘F2’, and the long-term ranking in the global medium-term note program and the issuance of debt into ‘BBB-‘ from ‘BBB’. …

Governor Hyacinth alia identified temporal constraints as one of the reasons why the head of the army staff, the lieutenant general Olufemi Oluyede, was unable to face some interested parties, including traditional sovereigns, during his visit to Benue’s state. He explained that his encounter behind closed doors with the head of the army was to listen and short stakeholders, observing …