Goddy Ikeh
Shell’s $2.4bn sale of its Nigerian assets has emerged as the largest mergers and acquisitions transaction recorded in Africa for 2024, according to data from DealMakers AFRICA.
Chi Farms Nigeria Limited, a Tropical General Investments Group subsidiary, is planning a $2.5bn livestock investment, following a recent visit from Brazilian meatpacking company JBS and the Nigerian Investment Promotion Commission at its facility along the Lagos-Ibadan Expressway in Ogun State in south-western Nigeria.
The price of OPEC basket of 12 crudes stood at $73.91 a barrel on Friday December 27, 2024, compared with $73.92 the previous day, according to OPEC Secretariat calculations.
The President of the AfreximBank, Prof. Benedict Okey Oramah, says that the Bank has intensified the push for more empowerment opportunities for youths in Africa, insisting that the future and relevance of the continent in global socio-economic discussions lies in its youths.
Nigerian President Bola Tinubu has expressed joy and hailed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) for the re-opening of the Warri Refining and Petrochemical Company (WRPC).
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the 125,000-barrel-per-day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State, is now operational.
The Central Bank of Nigeria has attributed the significant decline in oil revenue for the third quarter of 2024 to ageing pipeline infrastructure and operational inefficiencies.
Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has assured manufacturers that the country’s free trade zones are designed to accelerate exports and not to harm local manufacturers.
The Chief Executive Officer of the firm, Mrs Tokunbo Chiedu, said in a statement on Saturday that the dual-country initiative, spanning Kenya and Tanzania was aimed at unlocking the African Continental Free Trade Area opportunities for women and youths, by leveraging regional value chains and fostering business linkages.
The World Bank has fully disbursed a $1.5bn loan to Nigeria following the government’s implementation of key reforms, including the removal of petrol subsidies and the introduction of comprehensive tax policies.