Thursday, August 27, 2026

Economy

August 25, 2026

Heirs Insurance rallies 1,000 retirees on financial well-being

The company said it provided a platform for retirees to learn, network and participate in wellness and recreational activities.

Heirs Insurance retirees
August 25, 2026

U.S. hails Dangote Refinery as Nigeria’s petroleum exports surge seven times

The EIA stated that increased production from the refinery transformed Nigeria’s petroleum products market by reducing dependence on imports and boosting domestic supply.

Dangote Refinery
August 25, 2026

Nigeria’s petrol supply, consumption dipped in July: NMDPRA

NMDPRA says fuel supply and consumption declined in July compared to June, even as diesel stock sufficiency improved significantly.

Petrol tankers used to illustrate the story
August 25, 2026

62% of West African workers received no workplace malaria support: Survey

A CAMA survey found that 62 per cent of respondents across 10 West African countries receive no malaria prevention support from their employers.

Patients in the hospital used to illustrate the story
August 25, 2026

South Africa’s richest man Johann Rupert becomes $1.3 billion richer, trailing Dangote

South Africa’s richest man has seen his net worth surge to $17.4 billion. Mr Rupert is Forbes’ 161st-richest person globally and second in Africa after Aliko Dangote.

Johann Rupert
August 25, 2026

Commissioner charges Sokoto MDAs on realistic, transformative 2027 budgeting process

Sokoto’s commissioner for budget and economic planning charged MDAs to ensure a realistic, transformative 2027 budgeting process.

Bashir Achida
August 25, 2026

U.S. to host Angola, Botswana, Mozambique and Zambia energy delegation

The delegation of about 15 people will visit Denver, Colorado and Austin, Texas, to meet with American energy companies and “integrate AI-enabled grid control systems”.

Angola, Botswana, Mozambique and Zambia presidents
August 25, 2026

NNPCL, SNEPCo, Esso, Agip  seal deepwater Bonga deal, target $21 billion investment

NNPCL and the OML 118 contractor parties have executed the addendum to the OML 118 Production Sharing Contract and the addendum to the Dispute Settlement Agreement.

NNPC, Shell
August 25, 2026

AiNET, CEO settle with U.S. SEC over submitting claims for data centre services

The U.S. alleged that the AiNET data centre failed to comply with Tier III standards and that AiNET and Mr Jain falsely certified to the SEC that it was Tier IV.

AiNET Corp. and its former CEO, Deepak Jain
August 25, 2026

Philips engineer convicted for stealing trade secrets for Chinese competitor Kunshan GuoLi

A federal jury in Chicago convicted a former engineer at Philips Medical Systems of conspiring to steal Philips’ trade secrets and bring them to a Chinese competitor.

Philips Medical Systems, Kunshan GuoLi Electronic Technology Co Ltd