Africa’s transition toward electric mobility is accelerating, powered by local innovation, sustainable energy solutions, and a new wave of homegrown startups, writes Chinedu Azodoh, co-founder of MAX, in a new …
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BusinessNews
FIRS Collects ₦22.59 Trillion in 2025, ₦47.39 Trillion in Two Years, Driving Nigeria’s Tax Reform and Digital Transformation
The Federal Inland Revenue Service (FIRS) has announced a total tax collection of ₦22.59 trillion for 2025, bringing its two-year cumulative revenue to ₦47.39 trillion, a milestone that underscores Nigeria’s …
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Nigeria’s leading airline, Air Peace, has officially launched direct flight services between Abuja and London Heathrow, marking a major milestone for the country’s aviation sector and expanding the airline’s growing …
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A new report by the International Energy Agency (IEA) has urged an annual $15 billion investment in Africa’s power sector to bridge the continent’s persistent electricity deficit and ensure energy …
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Morocco’s recently launched Investment Charter has already catalyzed 250 major projects valued at MAD 414 billion, signaling a strong commitment to investment-led economic growth. The initiative spans multiple sectors, including …
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BusinessGlobalNews
Ethiopia Deepens Strategic Partnership with Russia in Trade, Energy, and Nuclear Technology
Ethiopia has intensified its collaboration with Russia, focusing on expanding cooperation in trade, energy, and nuclear technology. The move underscores Ethiopia’s aim to strengthen bilateral ties while pursuing broader global …
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BusinessNews
Renaissance Capital Forecasts Increased IOC Divestments, Nigeria’s Oil Production Could Top 2 Million bpd by 2026
Investment bank Renaissance Capital has projected further divestments by International Oil Companies (IOCs) in Nigeria’s upstream sector while forecasting that the country’s oil production could surpass 2 million barrels per …
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BusinessEconomyNews
CBN governor cites rising investor confidence and $8bn energy inflow as proof of Tinubu’s reforms, as Nigeria joins World Bank scheme.
At the 2025 IMF/World Bank Annual Meetings in Washington, D.C., the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, cited over USD 8 billion in new energy sector …
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Dangote Industries has once again emerged as Nigeria’s most valuable brand in the 2025 Top 50 Brands ranking, reaffirming its long-standing dominance in innovation, trust, and industrial excellence. The ranking, …
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Ogun State Governor Dapo Abiodun has reaffirmed his administration’s commitment to massive infrastructure development as a key driver of industrial growth and job creation across the state. Speaking during an …
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BusinessNews
Nigeria Secures $2 Billion Shell Offshore Gas Project — Second Major Investment in 18 Months
Nigeria has landed a $2 billion offshore gas development deal with Shell, marking the country’s second major gas investment in just 18 months — a significant boost to its energy …
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Vice President Kashim Shettima has announced that Nigeria’s Energy Transition Plan could attract more than $410 billion in investments by the year 2060. He said the initiative aims to position …
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