The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known recently in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant to […]
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The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the UBA Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned […]
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The National Agency for Science and Engineering Infrastructure (NASENI) has celebrated its Executive Vice Chairman/Chief Executive Officer, Khalil Suleiman Halilu, for being honoured with the Young Global Leader Award by ThisDay Newspaper during its grand 30th-anniversary celebration held on January 27, 2025, in Lagos. The award recognizes Khalil Halilu’s transformative leadership, visionary contributions to Nigeria’s […]
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Major African continent’s financial institution, Access Bank Plc is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. The conference Scheduled for March 12, 2025, in Cape Town, South Africa, is poised to bring together […]
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In a bold move to drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday. This price adjustment is in response to favourable developments in the global energy sector and a significant decline in […]
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Dangote Refinery says the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, is directly attributed to the increase in global crude oil prices. Mr Anthony Echiejina, Head of Corporate Communications, Dangote Industries, said this in a statement on Sunday in Lagos. On January 17, Dangote refinery increased petrol […]
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Outgoing United States (U.S.) President, Joe Biden, on Tuesday 14th January 2025,, announced a ban on Chinese and Russian technology in vehicles, citing national security concerns. The new regulations will prevent the sale and import of connected vehicle hardware and software systems, as well as completed connected vehicles, from China and Russia. This is according […]
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As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement is a significant indication of support by the French […]
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Africa’s leading energy solutions provider listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) is pleased to announce that the Company has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024. The Africa Energy Chamber (AEC), the organisers of the annual week-long oil and gas conference, […]
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Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects through strategic investments. This is just as the Lagos Chamber of Commerce and Industries (LCCI) described the Company as the pillar and strength of the nation’s economy with its many investments. Dangote said while it […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has set the wheels in motion to expand its operations in the Middle East with plan ongoing to open a subsidiary in Saudi Arabia, its largest economy. This move which is expected to happen within the next year will mark the bank’s second subsidiary in the […]
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