Business

‘She was a big sister, healer of the people’ — Nandi-Ndaitwah mourns Madame Pohamba   The family of Namibia’s former First Lady, Madame Penehupifo Hashokwalindishi Pohamba, has paid glowing tributes to the late matriarch, remembering her as a devoted wife, mother, grandmother and woman of compassion. At her memorial service held at Parliament Gardens in

Ayuk honours Omorodion for 30 years of shaping Africa’s energy future By Eyo Nsima Executive Chairman of the African Energy Chamber (AEC), NJ Ayuk, has honoured Dr Nosa Omorodion for more than three decades of contributions to Nigeria’s and Africa’s energy industry. Omorodion received a Lifetime Achievement Award at African Energy Week (AEW) 2026 in

NCDMB, Heritage Energy Train 48 Nigerians in Subsea Engineering   The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Heritage Energy Operational Services Limited (HEOSL) and Global Oceon Engineers Nigeria Limited, has launched a programme to train 48 Nigerians in subsea engineering. The initiative was inaugurated on Friday, October 16, 2026, in Port

Ethiopia joins PAPSS as Nigeria deepens push for local-currency African trade   Nigeria’s push to expand local-currency payments for intra-African trade has received fresh momentum as Ethiopia joins the Pan-African Payment and Settlement System (PAPSS), creating another potential payment corridor for Nigerian businesses trading across the continent. The development, announced Thursday in Addis Ababa, brings

Angola Unlocks $10bn Investment in Mature Oilfields, Adds 1bn Barrels to Reserves   Angola has attracted more than $10 billion in investment in mature oilfields through regulatory reforms and improved engagement with investors, adding about one billion barrels to its reserves and supporting production over the next five years. Alcides Andrade, Executive Board Member of

Accugas Inaugurates its Host Communities Development Trust Board of Trustees   Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is delighted to announce that its midstream subsidiary in Nigeria, Accugas Limited, has inaugurated the Board of Trustees for the Accugas Host Communities Development Trust (“HCDT”), the first

Flutterwave appoints former Access Holdings CFO Olufemi as global CFO   Flutterwave has appointed former Access Holdings Group Chief Financial Officer, Morounke Olufemi, as its new Global Chief Financial Officer, strengthening its executive leadership as the payments company expands its financial services across international markets. Olufemi, who has served as Flutterwave’s CFO for Europe, the

FG COMMISSIONS 3MW SOLAR HYBRID POWER PROJECT AT YAKUBU GOWON UNIVERSITY, ABUJA   The Federal Government, through the Rural Electrification Agency (REA), has commissioned a 3MW solar hybrid power project at Yakubu Gowon University, Abuja, under the Energizing Education Programme (EEP), strengthening electricity supply for teaching, research, laboratories, digital services, campus lighting and other critical

Afreximbank Extends $10m Facility to Azania Bank for Tanzanian SMEs By Eyo Nsima The African Export-Import Bank (Afreximbank) has extended a US$10 million finance facility to Azania Bank Plc of Tanzania to improve ac-cess to funding for small and medium-sized enterprises (SMEs) across the country’s export value chains. The facility, provided under Afreximbank’s Export SME

HBSAN to Drive Oil, Gas and Power Integration at October Energy Conference   The Harvard Business School Association of Nigeria (HBSAN) will host its flagship Oil & Gas Event on Friday, October 9, 2026, at Eko Hotels & Suites, Victoria Island, Lagos. With the theme, “One Energy System: Integrating Oil, Gas, and Power for National