Business & Economy

Ghana Embarks on $12 Billion Jomoro Petroleum Project, First Phase of Ambitious Petroleum Hub Development

Accra, Ghana — Ghana has taken a decisive step toward establishing itself as West Africa’s petroleum hub with the launch of the $12 billion...

Ethiopia Inaugurates Ogaden LNG Project, Lays Foundation for Fertilizer and Refinery Plants in Somali Region

Addis Ababa — Ethiopia has formally inaugurated the first phase of the Ogaden Liquefied Natural Gas (LNG) Project in Calub, Somali Regional State, marking...

Stanbic IBTC Confirms Appointment of Chukwuma Nwokocha as Group Chief Executive

Lagos, October 3, 2025 — The Board of Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as the substantive...

Nigeria’s Oil Output Falls by 16% Amid PENGASSAN Strike, Says NNPCL

Abuja, October 2, 2025 — The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the nation’s crude oil production declined by 16 percent...

NNPCL Confirms Heavy Energy Losses from Three-Day PENGASSAN Strike

Abuja, October 2, 2025 — The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the three-day strike by the Petroleum and Natural Gas...

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