Browsing Tag
Nigeria
63 posts
Dangote Refinery secures Cameroon fuel supply deal as 30-month arrangement targets import dependence
Cameroon's state oil refiner has signed a fuel supply partnership with Dangote Group and MRS Oil & Gas, seeking greater security over petroleum imports after years of dependence on overseas refined products.
Ebola reaches Nigeria and Kenya as Congo outbreak spreads across borders
The Ebola outbreak centred in eastern Democratic Republic of Congo has reached additional countries, with Nigeria confirming a case and Kenya reporting nine infections amid an expanding public-health emergency.
Africa faces escalating Ebola crisis as Nigeria reports first infection in more than a decade
Ebola reaches Nigeria as Congo's death toll exceeds 4,600. Discover why health authorities fear further spread and what happens next.
Nigeria imposes Minna curfew after 37 mining detainees die in paramilitary custody
Nigeria has imposed a curfew in Minna and ordered an investigation after 37 people, many of them teenagers, died in NSCDC detention following illegal-mining raids.
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 ₹8,588 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.