Business

Dangote Cement, Sinoma Sign $1bn Strategic Agreements for Cement Projects Across Africa

Dangote Cement Plc (DCP), a subsidiary of Dangote Industries Limited, at the weekend in Lagos signed a landmark agreement with Sinoma International Engineering for the construction of 12 new projects and expansion of others across Africa. The landmark agreement, with an estimated investment of over $1 billion, reinforces the Company’s long-term growth strategy and aligns […]

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Business

Two Aviation Professionals Set to Rejig Africa’s Industry with Tailored Finance and Asset solutions

AMA PRESS RELEASE AFG Aviation Ireland Limited (AFG) is significantly deepening its commitment to the African aviation sector through a bold, continent-wide expansion initiative reflecting both its long-term confidence in the region and the accelerating demand for tailored aviation finance and asset solutions across Africa. Following a series of successful transactions, among them the placement […]

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Business

Sustainability, Growth: The FirstBank’s Commitment

Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social inequality, and economic uncertainty, organisations are recognising the importance of adopting sustainable practices that balance Environmental, Social, and Governance considerations. In Nigeria, the sustainability agenda has become a […]

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Business

Detergent Raw Material Plant Designed to Meet African Needs Says, Dangote

President of the Dangote Group, Aliko Dangote, said a new petrochemical project within the Dangote Refinery complex will position Nigeria as a major supplier of key detergent inputs across the African continent, with completion expected within the next 30 months. Dangote disclosed this Saturday while addressing journalists during a tour of the refinery by the […]

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Business

Ecobank Nigeria Clears Repayment of Tendered US$300m Eurobond Notes

Ecobank Nigeria has announced the successful repayment of the outstanding principal and accrued interest on its original US$300 million Eurobond due 16 February 2026, marking a significant milestone in its liability management strategy and overall balance sheet strengthening efforts. Following the full repayment of the Eurobond obligations, the Bank stated that it will now focus […]

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Business

JUST IN: Dangote Group Throws-in $400m Investment into Expansion of Refinery for 1.4 mbpd Production

Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day, positioning it to become the […]

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Business

RCS Business Revenue to Reach $3bn by 2027, Growing 150% in Two Years

Operators of Rich Communication Services (RCS) will generate $3.1 billion globally from RCS for Business traffic in 2027; up from $1.2 billion in 2025, a report from Juniper Research reveals. RCS is a modern, internet-based messaging protocol that replaces traditional SMS/MMS with features similar to apps like WhatsApp, such as typing indicators, read receipts, high-resolution […]

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Business

Dangote Salt splashes trucks, cash credits at Customers’ Awards Dinner

NASCON Allied Industries Plc, otherwise known as Dangote Salt, has honoured 50 outstanding customers at its 2025 Customers Dinner and Awards Night attended by Africa’s foremost industrialist and President of Dangote Group, Aliko Dangote, and Vice President, Olakunle Alake. NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, is a Nigerian company and manufacturer […]

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Business

Direct Selling Company, QNET Unveils Three Strategic Business Pillars for 2026, Targets Nigeria with Entrepreneurship Skills Opportunities

Hong Kong-based, e-commerce-powered direct selling company, QNET is essentially focusing on markets where traditional employment is quite limited. The company today in a webinar for journalist across Africa with the theme: Setting the ‘Narrative for the Year Ahead’ revealed three areas of its business focus for the year, 2026 stating entrepreneurship as the first pillar […]

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Business

Dangote Refinery Records Milestone on Crude Distillation Unit & PMS Production Block

The Dangote Petroleum Refinery has achieved a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. Both units are now running at optimal performance, further strengthening the steady‑state operations of Africa’s largest oil refining facility. Following a scheduled maintenance exercise on the CDU […]

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