Author: Marketforces Africa

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has congratulated Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL Joint Venture,

Ethiopia Exceeds Export Revenue Target, Generates $5.1bn Ministry of Trade and Regional Integration on Monday said Ethiopia has generated more than 5.1 billion dollars in export earnings during the first six months of the current fiscal year. The ministry said this development outperformed its initial projections as the results mark a notable rise in trade performance and reflect the country’s ongoing economic reform efforts. The news was reported by Fana Media Corporation, a partner of TV BRICS. The Minister of Trade and Regional Integration, Kasahun Gofe, said Ethiopia originally targeted 4.42 billion dollars in export revenue for the period. Actual…

Shell CEO Lauds Tinubu for Boosting Nigeria’s Investment Climate Mr Wael Sawan, Chief Executive Officer of Shell Plc, has commended President Bola Tinubu for restoring investor confidence and improving Nigeria’s investment climate. In a statement on Sunday by presidential spokesperson, Mr Bayo Onanuga, Sawan spoke during a meeting at the Presidential Villa, Abuja. Sawan said Shell was deepening investments in Nigeria and, with partners, ready to commit an additional $20 billion due to the President’s vision. “Nigeria under your administration has emerged as a major destination for global oil and gas investments,” Sawan noted. He highlighted recent Shell projects, including…

Nigeria Records First Robotic Gynaecological Surgery Nigeria has achieved a milestone in advanced healthcare as The Prostate Clinic (TPC) Lagos, performed what experts described as West Africa’s first robotic gynaecological surgery. The procedure, carried out on Sunday, marked the clinic’s expansion of robotic surgery from male-focused treatments to women’s health interventions. Consultant Robotic Surgeon and TPC Medical Director, Prof. Kingsley Ekwueme, said the move reflected a commitment to innovation in Nigeria and the sub-region. “Following our tradition of leading innovation, we introduced the first surgical robot in West Africa last year. “Today, we are proud to extend that innovation to…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the prices of petrol, diesel, and Liquefied Petroleum Gas (LPG) will continue to decline nationwide.

Royal Exchange Plc. Appoints Osakwe Board Chairman Royal Exchange Plc has appointed Mr Ikeme Osakwe as its new Chairman in a move aimed at strengthening leadership and accelerating the company’s ongoing repositioning strategy. The company announced the appointment in separate notifications to the Nigerian Exchange Ltd. (NGX) and the Securities and Exchange Commission (SEC) on Saturday. Osakwe’s appointment follows the retirement of the former Chairman, Mr Kenny Ezenweani Odogwu, which took effect the same day. With the change, the board of Royal Exchange Plc now comprises Osakwe as Chairman; Chief Anthony Idigbe, a lawyer; Sen. Sanusi Mohammed Daggash; Mr Ezekiel…

Africa Import-Export Bank (Afreximbank) ends its relationship with Fitch, saying the rating process misunderstands its mandate, treaty protections, and pan-African mission.

Bain Capital Specialty Finance, Inc. (NYSE: BCSF) has announced that it has priced an offering of $350 million aggregate principal amount of 5.950% senior notes due 2031.

The Joint Admissions and Matriculation Board (JAMB) on Saturday says it has screened a total of 924 Computer-Based Test (CBT) centres across the country, ahead of the 2026 Unified Tertiary Matriculation Examination (UTME).

Developed market (DM) general government debt will increase by another USD4.4 trillion this year to USD75.5 trillion or 105% of GDP by the end of 2026, reflecting continued large budget deficits, Fitch Ratings says in its quarterly Developed Market Sovereigns Debt Sustainability Monitor.