Business Archives - Page 8 of 58

IsDB Secures $1bn Through First Sukuk Issuance Of 2026 Amid Strong Investor Demand

NewsDeskNgMay 11, 2026May 11, 20260

Islamic Development Bank raises $1bn via Sukuk issuance, attracting strong global investor demand despite market volatility. The Islamic Development Bank (IsDB) has raised US$ 1 billion through a benchmark Sukuk issuance in the capital markets. They stated that after several weeks of closely monitoring the markets, the transaction was executed...

Enugu, UK Investors Back Nigeria Climate Summit In London

NewsDeskNgMay 11, 2026May 11, 20260

Energy stakeholders signal support for Nigeria Climate Investment Summit as Enugu State joins global green finance engagement drive. The Enugu State Government has joined the growing list of public and private sector participants confirmed for the Nigeria Climate Investment Summit (NCIS) scheduled to hold in London next month. This is...

Dangote Eyes Kenya For Proposed $17bn East African Oil Refinery Project

NewsDeskNgMay 10, 2026May 10, 20260

Aliko Dangote says Kenya is favoured for his proposed $17 billion East African oil refinery project in Mombasa. Africa’s richest man, Aliko Dangote, has said he is considering Kenya as the preferred location for a proposed 650,000-barrel-per-day oil refinery in East Africa, with the billionaire businessman indicating that the project...

Refinery MoUs Trigger Backlash As Experts Fault NNPC Over Chinese Firms Credentials

NewsDeskNgMay 8, 2026May 8, 20260

Oil sector stakeholders raise alarm over refinery deals, warning Nigeria risks repeating costly failures and unresolved contract disputes. Fresh concerns have continued to trail the recent Memoranda of Understanding (MoUs) signed by the Nigerian National Petroleum Company Limited (NNPC) with two Chinese firms for the rehabilitation and operation of the...

Dangote Plans London Listing For $13bn Cement Empire

NewsDeskNgMay 8, 2026May 8, 20260

Aliko Dangote targets London dual listing as cement giant expands output capacity and seeks fresh global investors. Africa’s richest man, Aliko Dangote, is planning a London listing of his cement empire this year, in a move that would provide a much-needed boost for the UK market, a report by Financial...

Dangote To Extend Business Footprint To Power Sector, Targets 20,000MW Power Plant Expansion

NewsDeskNgMay 7, 2026May 7, 20260

Dangote unveils 20,000MW power plan to drive industrial growth and tackle Africa’s persistent electricity shortfalls. Africa’s foremost industrialist, Aliko Dangote, has disclosed plans to expand into the power sector with a target of generating up to 20,000 megawatts (MW), as part of a strategy to accelerate industrialisation and economic transformation...

Governor Zulum Pushes Export Drive, Seeks Port Access For Borno Businesses

NewsDeskNgMay 6, 2026May 6, 20260

Borno State Governor Zulum has engaged the NPA to expand port access and boost exports for local producers. Borno State Governor Babagana Zulum has intensified efforts to reposition Borno State as an export-driven economy, holding high-level talks with the management of the Nigerian Ports Authority (NPA) in Lagos to integrate...

Mustafa Bello Emerges Chairman Of Zenith Bank After Jim Ovia Retires

NewsDeskNgMay 5, 2026May 5, 20260

Mustafa Bello takes over as Zenith Bank Chairman following Jim Ovia’s retirement after 12-year regulatory tenure completion. Zenith Bank Plc has announced a leadership transition with the appointment of Engr. Mustafa Bello as its new Chairman, marking a new phase in the bank’s governance structure following the retirement of its...

Thailand Delegation Inspects Site For Thai-Nigeria Agricultural Technology Centre In Enugu

NewsDeskNgMay 5, 2026May 5, 20260

Thai officials have visited the Federal Cooperative College to inspect the proposed site for Thai-Nigeria Sustainable Agricultural Technology Learning Centre. A joint team of officials from the Kingdom of Thailand have visited the Federal Cooperative College (FCCO), Oji River, Enugu State, to inspect the proposed site for Thai-Nigeria Sustainable Agricultural...

Samsung Family Completes Record $8bn Inheritance Tax Payment In South Korea

NewsDeskNgMay 4, 2026May 4, 20260

Samsung’s founding family has completed payment of a record $8bn inheritance tax bill in South Korea The family behind South Korean conglomerate Samsung has fully paid a 12 trillion won (about £6bn or $8bn) inheritance tax bill, marking the largest such settlement in the country’s history. The payment, completed in...