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The Nigerian Engineering Olympiad (NEO) has awarded N110 million in seed funding to support engineering innovation commercialization. This initiative aims to nurture a new generation of engineering innovators in Nigeria.
Women entrepreneurs in Nigeria are encouraged to prioritize regulatory compliance and skills development in their exporting businesses. This focus aims to enhance their competence and success in the international market.
UTM FLNG has signed a significant 15-year gas supply agreement, marking a milestone for Nigeria's first indigenous floating LNG project. This deal is expected to facilitate financing and boost the country's gas sector.
A Chinese car manufacturer has opened an assembly facility in Minna, focusing on electric and hybrid vehicles. This development is expected to boost local employment and the automotive industry in Nigeria.
BUA Foods is seeking shareholder approval for a ₦504 billion dividend distribution. The meeting will also address the company's audited financial statements and other governance matters.
UTM Offshore has finalized a 15-year gas supply agreement, marking significant progress for its $3 billion FLNG project. This development brings the project closer to a final investment decision.
Aliko Dangote has chosen Lamu, Kenya for a new 700,000-bpd oil refinery project. This development marks a significant investment in East Africa's energy sector.
The Okpeyo Temile Foundation has invested N4 billion to support small and medium enterprises (SMEs) and the elderly. This initiative aims to enhance subsistence living and boost local businesses in Nigeria.
Aliko Dangote has announced plans to construct a 700,000-bpd oil refinery in Kenya, confirming the location of this major project. This development marks a significant investment in East Africa's oil sector.
The National Sugar Development Council (NSDC) is implementing the National Sugar Master Plan 2.0 to enhance sugar production. This initiative focuses on specialized training to improve industry standards and output.
Coca-Cola celebrates 75 years in Nigeria by introducing a limited-edition 60cl PET bottle, offering 20% more value. This initiative highlights the brand's commitment to providing quality products to Nigerian consumers.
Energia Limited and Oando Plc have launched the Board of Trustees for the Ndokwa West-1 Host, emphasizing their commitment to sustainable community development. This initiative aims to enhance local welfare and promote environmental sustainability.
Shell has sold its South Africa downstream operations to a buyer from Abu Dhabi for approximately $1 billion. This move is part of Shell's strategy to concentrate on key markets amid a significant decline in gas production due to geopolitical tensions.
Professor Kolawole Subair has been appointed as the new President and Chairman of the Institute of Assets and Values Management of Nigeria (IAVMN). This leadership change is expected to enhance the institute's role in asset management in Nigeria.
Verve is expanding its services to promote financial inclusion across Africa and globally. This initiative aims to enhance digital payment adoption among consumers and businesses.
BestPOSApp offers a retail POS and inventory management system that helps retailers safeguard their profits by eliminating inventory errors. The system ensures accurate stock data, addressing undetected margin losses effectively.
NIPCO Plc is nearing N2 trillion in revenue, fueled by its investments in gas and upstream sectors. The company has also secured a 25-year gas franchise in key Nigerian locations.
NAICOM has announced that insurance firms with pending claims will not be eligible for re-licensing during the upcoming recapitalisation process. This decision emphasizes the importance of settling outstanding claims ahead of the July 31, 2026 deadline.
The Nigeria Shippers Council has assured exporters that efforts are being made to promptly evacuate the backlog of export containers at Apapa port. This response follows a report highlighting the congestion issues faced by exporters.
Beta Glass Plc has invested over N1 trillion in Nigeria's economy over the past decade, highlighting its commitment to sustainable manufacturing. The company also announced new board members during its 52nd Annual General Meeting in Lagos.
Tony Elumelu has stepped down as Chairman of United Bank for Africa after a successful 12-year tenure. He will be succeeded by Nnorom, marking a new chapter for the bank.
Seplat Energy and NEPL Joint Venture have invested over N100 million in education and infrastructure, benefiting 57,000 students. This initiative highlights their commitment to academic excellence and community development.
Nigeria and France are strengthening their economic partnership at the 10th France-Nigeria Business Council during the Africa Forward Summit. This collaboration highlights Paris's commitment to enhancing business ties with Nigeria.
ProvidusUnity Bank and Regions Bank have held a roundtable to improve financing options for Nigeria's oil and gas sector. This initiative highlights their commitment to supporting the industry.
BetKing has successfully completed its fifth corporate social responsibility initiative, focusing on healthcare, nutrition, and relief efforts. This initiative highlights the company's commitment to making a positive impact in Nigeria.
ICSAN calls on governance professionals to spearhead transformative reforms in Nigeria's sectors. The emphasis is on ethical leadership and corporate governance.
Dangote Cement shareholders have approved a N45 dividend, amounting to N753.8 billion. The company is also targeting an ambitious production capacity of 80 million tonnes by 2030.
Tony Elumelu has retired as the Group Chairman of United Bank for Africa, with Emmanuel Nnorom appointed as his successor. This leadership change was officially announced in a statement to the Nigerian Exchange.
Petralon Energy has appointed Augustine Ekeigwe as its new Chief Operating Officer. This move is seen as a significant strengthening of the company's leadership.
Dangote Cement Plc is aiming for a 20% reduction in emissions as part of its sustainability efforts. The company has declared Environmental, Social and Governance (ESG) principles central to its strategy.