Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector
Chevron’s $1 billion annual investment in local suppliers is central to Nigeria’s oil sector growth, driving innovation and partnerships for sustainable development.
Central and West Africa
FCMB Group reports $51.4-million profit, driven by strong revenue growth
FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.
ASR Africa begins construction of $147,691 corrosion research center at FUPRE
ASR Africa begins construction of a $147,691 corrosion research center at FUPRE, enhancing Nigeria’s oil and gas sector with cutting-edge research and industry collaboration.
Zenith Bank opens Paris branch to boost expansion into Francophone Africa
Zenith Bank opens its new Paris branch, marking a major step in expanding into Francophone Africa and strengthening trade ties between Africa and France.
Airtel Nigeria names Dinesh Balsingh as new CEO
Airtel Nigeria appoints Dinesh Balsingh as its new CEO, bringing over 20 years of experience to lead the company’s next phase of growth and innovation.
Springfield E&P successfully completes Afina well appraisal, confirming high production potential
Springfield E&P’s successful Afina well appraisal confirms high production potential, paving the way for further commercial development in Ghana’s deep-water oil fields.
Fidelity Bank CEO acquires $141,794 in shares, signals confidence in future growth
Nneka Onyeali-Ikpe, CEO of Fidelity Bank, invests N239.4 million ($141,794) in the bank’s shares, reinforcing her belief in the institution’s strong financial performance and growth potential.
Access Bank denies missing $296,093, reaffirms commitment to ethical banking standards
Access Bank responds to viral allegations of missing funds, assuring customers and stakeholders of its continued adherence to ethical practices and financial transparency.
Wema Bank strengthens leadership with key executive appointments
Ajimisinmi and Bakare to drive strategic growth and innovation.
Jospong Group secures $400-million Afreximbank funding for waste management and rice production across Africa
Jospong Group partners with Afreximbank to drive waste management reforms in Nigeria and expand rice production in Ghana.
UBA launches $144.2-million rights issue to boost capital and expansion
United Bank for Africa’s rights issue aims to strengthen regulatory compliance and accelerate its pan-African growth strategy.
Ecobank and Nium join forces to enable real-time cross-border payments in 35 African markets
Ecobank and Nium partner to bring real-time cross-border payments to 35 African markets, empowering businesses with faster, more efficient global transactions
Minority shareholders demand governance overhaul at Oando Plc amid delisting concerns
Minority shareholders push for governance reforms at Oando Plc amid delisting uncertainties, seeking stronger protections and transparency to safeguard their interests.
BUA Industries secures $200-million facility from Afreximbank to drive expansion and industrial growth in Nigeria
BUA Industries secures $200 million from Afreximbank to accelerate expansion, boosting Nigeria’s industrial growth and self-sufficiency in key sectors.
Jumia reports $20-million loss in Q3 amid economic pressures
Jumia posts a $20-million Q3 loss but strengthens its financial strategy, targeting growth in high-potential African markets while expanding into underserved areas.
Globacom names telecom expert Ahmad Farroukh as CEO to drive operational reform
Ahmad Farroukh steps in as Globacom's CEO to lead critical reforms and address urgent subscriber challenges.