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Africa Is Resource-Rich but Cash-Poor’, Observes Rutten, Unveils CMFC Strategy 

  Chairman of the newly rechristened Critical Minerals Financing Corporation (CMFC) Plc, Lamon Rutten, has set out an ambitious roadmap to reposition Nigeria and Africa within the global minerals value chain, emphasising financing, value addition and structural reforms as key levers for transformation.   Speaking in his maiden interview with a select group of senior […]

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African Ministers Withdraw From London Energy Summit Over Inclusion, Local

  A growing number of African petroleum ministers have withdrawn from the Africa Energies Summit 2026 in London, dealing a significant blow to the event’s credibility and underscoring ongoing tensions over local content and inclusion in the continent’s oil and gas sector.   The boycott has gained momentum following criticism from the African Energy Chamber […]

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Nigeria Lifts FX Restrictions, Allows Oil Firms Full Access to Export Proceeds

  Nigeria’s Central Bank has scrapped a rule that required international oil companies to temporarily retain part of their export earnings, allowing them to repatriate all proceeds in a move aimed at boosting liquidity and restoring confidence in the foreign exchange market.   The change reverses a restriction introduced in February 2024 during acute dollar […]

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Nigeria’s Banking Giants Outperform African peers with $1.8 Billion Brand Value 

  Nigeria’s largest lenders have recorded the fastest brand value growth among their African peers in 2026, underscoring the far-reaching impact of a sweeping recapitalisation drive reshaping the country’s financial sector.   According to a BusinessDay analysis of the latest report by Brand Finance, the combined brand value of the country’s top five banks—Access Bank, […]

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Dangote Refinery Denies IPO Speculation, Urges Public To Disregard Unverified Reports

    Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO).   The company said several online platforms and unofficial sources have published unverified and, in some cases, inaccurate information about a possible offering, stressing that such […]