Aliko Dangote has unveiled a $50 billion investment plan for 2026 to 2030, targeting expansion across Africa’s energy sector through refinery projects, petroleum pipelines and distribution networks. The President of Dangote Industries Limited disclosed that the Group had acquired a 25 per cent stake in a petroleum products pipeline network in Kenya as part of …
Nigeria, South Africa and Ghana will battle for the Best Film award at the 22nd edition of the Africa Movie Academy Awards (AMAA), following the unveiling of nominees for the 2026 edition. The competition features nine films from six African countries, including Nigeria’s To Adaego With Love and The Herd, South Africa’s The Trek and …
Parts of Nigeria were thrown into darkness on Monday, October 19, following a sharp decline in electricity generation to below 1,000 megawatts (MW), highlighting the country’s persistent power supply challenges. The drop in generation places additional pressure on electricity distribution across the country, leaving households and businesses grappling with unreliable power supply. The …
Nestlé Nigeria has called for entries by journalists and media professionals across the country for the sixth edition of the Nestlé Media Awards. In a statement announcing the opening, the company urged journalists and media professionals to submit compelling stories recognising journalism that brings important issues to the forefront, deepens public understanding and highlights solutions …
Union Bank of Nigeria has nurtured and retained generational customers, some of whom have maintained banking relationship with the Nigerian financial institution for two or more generations, a survey has revealed. The survey found that hundreds of families and businesses have maintained relationships with the bank for 60 to 80 years, since the days …
Petroleum marketers have warned that the Federal Government’s proposed ₦1,350-per-litre ceiling on petrol costs could distort market prices, urging the government to allow competition and market forces to determine prices in Nigeria’s deregulated downstream petroleum sector. The Major Energies Marketers Association of Nigeria (MEMAN) said arbitrary price caps would not address the structural challenges affecting …
Egbin Power has sustained its host-community scholarship programme for 11 consecutive years, earning fresh commendation from community leaders who say the initiative is helping more young people gain access to quality education and pursue academic excellence. The recognition came at the 11th edition of the scholarship award ceremony held at the Egbin Power Clubhouse Auditorium, …
The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has decried the worsening insecurity, poverty and economic hardship confronting Nigerians, saying more than 140 million citizens are living in poverty. Obi made the remarks in his Independence Day message to Nigerians on Thursday, marking the country’s 66th anniversary of independence. In his message …
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has accused President Bola Tinubu’s administration of deepening Nigeria’s cost-of-living crisis, saying the government’s economic reforms have imposed severe hardship on households without delivering the promised relief. Atiku made the assertion in his State of the Nation Address to mark Nigeria’s 66th Independence …
A chieftain of the African Democratic Congress (ADC), Dele Momodu, has faulted President Bola Tinubu’s Independence Day address, describing the removal of petrol subsidy as a “misadventure” and accusing the administration of worsening economic hardship. Momodu, in a statement reacting to the President’s October 1, 2026 speech, said Tinubu’s address, which was expected to be …
