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South Africa’s Ekapa Diamond Mine, one of the country’s oldest and most iconic mining assets, has entered provisional liquidation proceedings following a combination of market pressures and tragic events earlier this year. The joint provisional liquidators of Ekapa Minerals and Ekapa Resources have officially launched a formal process to sell the 158-year-old asset, […]
Egyptian billionaire, Nassef Sawiris, alongside his fellow co-owner of the English football club Aston Villa, Wes Edens, is reportedly in the midst of new negotiations to expand his enormous football empire into France. Aston Villa’s parent company, V Sports, claimed to be close to acquiring a majority position in French club FC Annecy. […]
A terminated sale of a 40 per cent stake in the Amukpe–Escravos Pipeline has drawn renewed attention to Nigeria’s asset disposal processes after fresh independent valuations showed a significant gap between earlier pricing and current estimates. Reports said that assessments conducted in 2025 placed the stake at between $544 million and $641 million. […]
President Bola Tinubu’s decision to remove fuel subsidy and liberalise the foreign exchange market was aimed at effectively sealing long-standing financial leakages that enriched a privileged few while impoverishing the country, Convener of the Bola Ahmed Tinubu Ideological Group, Bamidele Atoyebi, has said. Atoyebi, while defending the administration’s economic reforms, argued that the fuel subsidy […]
Without any iota of doubt, Artificial intelligence (AI) is steadily becoming a significant component of Nigeria’s digital transformation drive, with growing adoption across key sectors of the economy. Stakeholders say the technology is beginning to influence how businesses operate, deliver services, and respond to emerging challenges. In the financial sector, banks and […]
Petrol supply from the Dangote Petroleum Refinery rose by 19 percent in April 2026, as fuel imports declined sharply and government-owned refineries remained inactive. The latest midstream and downstream statistics report released on Tuesday by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that supply from the 650,000 barrels-per-day refinery increased […]
President Bola Tinubu on Tuesday called for urgent reforms to the global financial architecture, warning that the current system is frustrating Africa’s industrialisation efforts and slowing the continent’s economic development. Speaking at the Africa Forward Forum in Nairobi, Kenya, Tinubu made a strong case for a fairer international financial system that prioritises […]
The Lagos State Government says the Lagos Rail Mass Transit (LRMT) Blue Line transported about 3.5 million passengers in 2025, with daily ridership on the corridor rising to 15,000 commuters. The Commissioner for Transportation, Oluwaseun Osiyemi, disclosed this during the 2026 ministerial press briefing held to mark the third year of the […]
