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BUSINESS4h agoMining Week: Investors demand clear rules, stronger securityInvestors and key players in Nigeria’s mining sector have called for clearer regulations, improved security and stronger collaboration among government agencies to attract investment and unlock the country’s vast solid mineral resources. The post Mining Week: Investors demand clear rules, stronger security appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6h agoForex inflow rises 23% to $35 billionNigeria’s net foreign exchange (forex) inflow grew by 23.2 percent year-on-year, YoY to $35.77 billion in the first half of 2026 (H1’26) from $29.77 in the corresponding period of 2025. The post Forex inflow rises 23% to $35 billion appeared first on Vanguard News.Vanguard Nigeria
BUSINESS6h agoDangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughputThe corporation attributed the turnaround in earnings and improvement in other key performance metrics to higher refining throughput, improved operational reliability and more robust refining margins. The post Dangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughput appeared first on Premium Times Nigeria.Premium Times
BUSINESS6h agoDangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughputThe corporation attributed the turnaround in earnings and improvement in other key performance metrics to higher refining throughput, improved operational reliability and more robust refining margins. The post Dangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughput appeared first on Premium Times Nigeria.Premium Times
BUSINESS6h agoMines: how Paris's increased stake in Eramet could reshuffle the cards with LibrevilleL’État français s’apprête à porter sa participation dans Eramet à 49 % pour renflouer le groupe minier en difficulté. Un sauvetage financier qui pourrait bouleverser les équilibres entre Paris et Libreville sur la transformation locale des ressources.Jeune Afrique
BUSINESS7h agoNigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrelsThe commission noted in a statement that Africa’s biggest oil producer logged a peak production of 1.84 million barrels during the month as the country met its OPEC quota for the fifth month in a row. The post Nigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrels appeared first on Premium Times Nigeria.Premium Times
BUSINESS8h agoSidi Ould Tah, Makhtar Diop, Jeremy Awori… In Luanda, African finance wants to convert profits into productive investmentsLes 3 et 4 novembre, Luanda accueillera la sixième édition de l’Africa Financial Summit (AFIS). En rassemblant plus de 1 250 participants, le sommet, organisé pour la première fois en Afrique australe, entend transformer les succès individuels en investissements productifs.Jeune Afrique
BUSINESS8h agoShell to sell Nigeria domestic gas business to Vaaris EnergyShell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. The post Shell to sell Nigeria domestic gas business to Vaaris Energy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS8h agoIntroducing the OPPO A7 Pro with a 50MP Ultra-Wide AI Zoom Selfie Camera, an 8,000mAh Battery, and Long-Lasting SmoothnessOPPO on the 12th of October officially announced the Nigerian launch of the OPPO A7 Pro, the latest addition to its A-Series lineup, engineered specifically around everyday reliability, long-term fluid performance, and advanced AI photography. Anchored by the tagline “Tough Outside. Smart Inside,” the device introduces heavy-duty structural protection alongside multi-year performance optimizations designed for […] The post Introducing the OPPO A7 Pro with a 50MP Ultra-Wide AI Zoom Selfie Camera, an 8,000mAh Battery, and Long-Lasting Smoothness appeared first on Vanguard News.Vanguard Nigeria
BUSINESS9h agoNNPC’s 2026 revenue hits N28.5trn, jumps 21% in AugustReports indicated NNPC generated N2.571trn in January, N2.680trn in February and N2.774trn in March before revenue surged to N4.971trn in April The post NNPC’s 2026 revenue hits N28.5trn, jumps 21% in August appeared first on Vanguard News.Vanguard Nigeria
BUSINESS9h agoBotswana nears agreement to raise De Beers stake to ~25% - BloombergBotswana is reportedly close to an agreement to increase its stake in De Beers to approximately 25%. This indicates a significant move in the diamond mining industry, potentially giving Botswana more control over a key national resource.Seeking Alpha Tech
BUSINESS10h agoEnvironmentalists protest at African Energy Week in Cape TownClimate activists on Tuesday picketed outside the African Energy Week conference, in the South African city of Cape Town, calling for an end to new oil and gas exploration across the continent.Africanews [en]
BUSINESS12h agoF1 set to return to Africa for first time in three decadesFormula One has signed a 10-year agreement with Rwanda to bring the sport back to Africa for the first time since 1993.Al Jazeera [en]
BUSINESS12h agoProtecting Nigeria’s oil and gas assets through coordination and accountability, By Chido OnumahA Common Framework for Protecting National Assets The signing and launch, on 12 October, of the Standard Operating Procedure(SOP) for Government Security and Intelligence Agencies and Other Stakeholders under the Nigerian Oil and Gas Industry-Wide Security Architecture gives Nigeria a common framework for protecting hydrocarbon assets. It connects security operations with economic recovery, environmental protection […] The post Protecting Nigeria’s oil and gas assets through coordination and accountability, By Chido Onumah appeared first on Premium Times Nigeria.Premium Times
BUSINESS12h agoMauritius, Seychelles among most capitalist nations in Africa according to new indexMauritius, Seychelles and Botswana are the most capitalist countries in Africa, according to the Global Capitalism Index, a new ranking published by researchers affiliated with the University of Virginia.Africanews [en]
BUSINESS13h agoNNPCL’s profit after tax rises to N431bn in August – ReportNNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026. The post NNPCL’s profit after tax rises to N431bn in August – Report appeared first on Premium Times Nigeria.Premium Times
BUSINESS13h agoNNPC’s profit after tax rises to N431bn in August – ReportNNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026. The post NNPC’s profit after tax rises to N431bn in August – Report appeared first on Premium Times Nigeria.Premium Times
BUSINESS13h agoeTranzact appoints five directors after ownership changeAccording to the company, the new directors bring experience in corporate leadership, banking, development finance, governance, legal advisory, infrastructure, energy, investment management and business transformation. The post eTranzact appoints five directors after ownership change appeared first on Premium Times Nigeria.Premium Times
BUSINESS14h agoRwanda – Jean-Guy Afrika: «Formula 1 is part of a much broader ambition»La Formule 1 signe son retour sur le continent africain en s’installant pour dix ans sur le circuit de Bugesera, près de Kigali. Pour le directeur général du Rwanda Development Board, cet investissement est cohérent avec la stratégie d’attractivité du pays.Jeune Afrique
BUSINESS14h agoFormula 1: Rwanda to bring sport back to AfricaThe last time Formula 1 hosted a race in Africa was way back in 1993. But a new track in Rwanda is set to host a Grand Prix in "the early 2030s," continuing the country’s investment in international sport.DW News [en]
BUSINESS15h agoFormula One to return to Africa in ‘early 2030s’ in RwandaRwanda will host Africa's first Formula One Grand Prix since 1993 in "the early 2030s" after the circuit announced a decade-long deal with the country on Tuesday. The post Formula One to return to Africa in ‘early 2030s’ in Rwanda appeared first on Vanguard News.Vanguard Nigeria
BUSINESS15h agoAfrican debt crisis deepens ahead of IMF economic outlook reportAs the International Monetary Fund prepares to release its flagship World Economic Outlook in Bangkok on Tuesday, the headline message is one of stability. But behind the forecasts, a fierce debate is unfolding over Africa’s debt burden, austerity measures and the rising cost for ordinary citizens.Africanews [en]
BUSINESS15h agoNigerian newspapers review: [AI] World Bank, IMF warn of jobs crisis in Nigeria, othersIn today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the International Monetary Fund (IMF) and the World Bank warning that Artificial Intelligence (AI) could worsen the jobs crisis in Nigeria and other developing economies unless governments and businesses take urgent steps to prepare workers and deploy the technology to create employment. The post Nigerian newspapers review: [AI] World Bank, IMF warn of jobs crisis in Nigeria, others appeared first on Vanguard News.Vanguard Nigeria
BUSINESS16h agoWhy Aliko Dangote is granting an additional deadline for his refinery's IPOLes investisseurs ont jusqu’au 27 octobre pour manifester leur intérêt. Aliko Dangote insiste sur le nombre de personnes qu’il veut voir participer à l’opération.Jeune Afrique
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