Nigeria's largest airline, Air Peace and Etihad Airways, the national airline of the United Arab Emirates (UAE), have signed an interline agreement to enhance connectivity between the UAE and West Africa and Central Africa, allowing passengers to book single-ticket journeys across both airlines' networks. The partnership agreement announced on Thursday, July 23, will enable passengers to …
Energy conglomerate Sahara Group has called for a fresh approach to Africa’s energy transition, infrastructure funding, and media coverage, arguing that global solutions must adapt to the continent’s practical realities. Speaking at the third edition of Asharami Square, the Group’s flagship thought leadership platform, held under the theme “Energising Africa’s Future: Legacy, Impact and Transformation,” …
As electricity demand rises in Nigeria, the presidency has stated that the country needs to increase annual investment in the power sector to $12 billion through 2045 to achieve reliable electricity. This, it said, means the country is recording an annual power investment deficit of about $11 billion, as only $1 billion is currently being …
An Enugu Air aircraft suffered a runway excursion shortly after landing at Benin Airport on Thursday. Fortunately, all passengers and crew members on board disembarked safely without any reported injuries or casualties. A video shared on social media showed the aircraft lying on muddy ground as passengers struggled to disembark. In a statement, the airline …
Nigeria could face a major funding gap if the United States withdraws all foreign assistance, potentially losing between $740 million and $790 million annually based on historical disbursement trends. The development would end more than a decade of steady US financial support that has channelled almost $8.9 billion into the country since 2015. Data from …
Dangote Petroleum Refinery and Petrochemicals has successfully closed a landmark $2.5 billion private equity placement, marking what is believed to be Africa's largest publicly disclosed primary equity private placement by value. In a statement released on Thursday, the company said the offering, which was oversubscribed by 3.7 times relative to the initial offer size, represents …
Dangote Petroleum Refinery has reversed its recent dollar-pricing policy, resuming the sale of petrol in naira and setting a new ex-depot gantry price of ₦1,215 per litre. The decision, announced on Wednesday, provides a measure of relief to marketers and consumers by eliminating foreign exchange exposure that had complicated planning and squeezed margins for local …
Thirty one companies have emerged winners in the Nigerian Upstream Petroleum Regulatory Commission's (NUPRC) 2025 Licensing Round, with frontier basins capturing unprecedented investor attention for the first time in the nation's oil and gas history. The keenly contested bidding process, which concluded at the Transcorp Event Center in Abuja on Tuesday, saw 143 companies submit …
NUPRC targets 300,000 bpd production boost as 143 companies submit 200 bids for 37 oil and gas assets The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the ongoing 2025 licensing round could add about 500 million barrels to the nation's hydrocarbon reserves, marking a significant step toward achieving the government's target of …
As floods ravage different parts of Lagos following torrential rainfall in recent weeks, residents are grappling with another growing menace—heaps of refuse littering streets, roadsides, markets, clogged drainage channels, and waterlogged communities, raising fears of a public health and environmental crisis. For over two decades, Lagos was regarded as one of Africa's cleanest cities, as …
