Browsing Tag
Nigeria
59 posts
Nigeria probes deaths of 37 miners in NSCDC custody as live fire erupts at Minna protests
Nigeria has suspended a senior civil defence official and opened investigations after 37 suspected illegal miners died in custody, triggering violent protests in Niger State.
Dangote’s refinery is valued near $47bn before capacity doubles
Dangote Petroleum Refinery has regulatory approval to offer 4.1 billion shares at ₦525 each, potentially bringing in about ₦2.15 trillion while valuing the business near $47 billion. Yet the base IPO represents only about 3.3% of enlarged shares. Investors are therefore being asked to price a $20 billion refinery not just on its current 700,000 bpd capability, but on the plan to double capacity to 1.4 million bpd.
UFlex shares jump 26% after Q1 as overseas operations drive 91% of incremental EBITDA
UFlex Limited posted a 630% Q1 FY27 profit jump and its highest EBITDA margin in 21 quarters, but the deeper story is geographic. Overseas operations generated about 91% of incremental EBITDA while net debt remained â‚ą8,588 crore.
Coca-Cola HBC raises 2026 profit outlook as volume growth strengthens ahead of $2.6bn Africa expansion
Coca-Cola HBC AG has raised its 2026 profit outlook after first-half volumes climbed 7.5%, marking a significant shift from price-led growth just as the bottler prepares for its biggest African expansion.
Trump administration imposes permanent visa deposits on applicants from 50 countries
The United States will impose permanent visa bonds of up to $20,000 on applicants from 50 countries, creating new barriers to tourism and business travel.
Saudi Arabia unveils 14-country maritime coalition to protect Red Sea shipping
Saudi Arabia has 14-country backing for a Red Sea coalition, but its credibility depends on ships, command rules and coordination with existing missions.
Kaduna village attack kills at least 30 as Nigeria’s rural security crisis deepens
At least 30 people, including eight children, were killed in Kaduna. See how delayed security responses are deepening Nigeria’s rural crisis.
Why ExxonMobil’s $1bn Usan oil project could reset Nigeria’s deepwater investment story
Read how ExxonMobil’s $1bn Usan Infill Project could lift Nigeria oil output by 40,000bpd and reshape deepwater sentiment.
South Africa anti-migrant protesters raid homes as Johannesburg door-to-door campaign hardens
Anti-migrant groups are moving from marches to forced home searches in Johannesburg, deepening fear among foreign nationals and raising pressure on Cyril Ramaphosa’s government to stop vigilante immigration enforcement.
Ghana delays South Africa talks as anti-migrant violence strains African diplomacy
Ghana’s decision to postpone high-level meetings with South Africa has turned a domestic wave of anti-migrant unrest into a regional diplomatic test for Cyril Ramaphosa and John Dramani Mahama.