Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Category : Search result: OPEC expansion
ISPs Seek Policy Help for Underserved Areas
Internet providers urge government intervention to expand services to unserved regions. High costs and infrastructure vandalism threaten growth despite rising demand for broadband.
Anambra Deploys AI, Broadband to Transform Governance
Anambra State is using Artificial Intelligence and expanded broadband to reshape public service delivery. Discover how this digital-first approach is creating a smarter government.
Vodacom Takes Control of Safaricom in $2.1B Deal
South Africa's Vodacom secures a controlling 55% stake in Kenya's Safaricom for $2.1 billion, reshaping East Africa's telecom landscape and boosting digital inclusion. Read the full analysis.
Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
10 New Diagnostic Centres to Launch in Nigeria by 2026
NSIA-MedServe partners with GE Healthcare to establish 10 diagnostic centres nationwide by mid-2026, boosting access to CT scans, mammography, and X-rays for early disease detection.
Enugu Plans 5 New Transport Terminals to Boost Economy
Governor Peter Mbah unveils a N1.62 trillion budget for 2026, prioritizing transport infrastructure with five new terminals and 2,000 city taxis to stimulate Enugu's economic growth.
Business Confidence High as Firms Expand Inventory for Yuletide
Nigeria's private sector expands for 13th straight month. PMI at 53.6 points as companies build inventory for Christmas demand. Inflation eases, boosting business outlook for 2025. Read more.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
Asian markets mixed ahead of key US data, Fed decision
Asian markets showed mixed performance as investors await crucial US economic data that could influence the Federal Reserve's expected interest rate cut next week. Oil prices surged on OPEC+ output decision.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Rukayatu Issaka: Marketing Director at Adam Ro Music Ltd
Rukayatu Issaka, Marketing Director at Adam Ro Music Ltd, is spearheading the company's global strategy to elevate African creative talent worldwide through strategic partnerships and brand development.
Feedlot Nigeria Expands to 5000 Cattle Herds
Feedlot Nigeria boosts cattle capacity to 5000 herds, enhancing local beef production and reducing import dependency. Discover how this expansion transforms Nigeria's agricultural sector.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
Ayra Starr Explains Why She Relocated from Nigeria
Nigerian singer Ayra Starr opens up about her decision to relocate to New York, explaining the personal connection and how it will shape her music and Afrobeats globally.
Oyo Governor Presents N891bn 2026 Budget to Assembly
Oyo State Governor Seyi Makinde presents N891 billion 2026 budget, focusing on infrastructure and education. 56.7% allocated to capital projects. Read details of the economic expansion plan.
Makinde Presents N891.9bn 2026 Budget to Oyo Assembly
Oyo State Governor Seyi Makinde presents a N891.9bn 2026 budget focused on economic expansion. The proposal allocates 56.7% to capital projects, with infrastructure and education as top priorities.
IMPI: Nigeria's PMI Expansion Cuts Inflation to 16.05%
IMPI reveals Nigeria's PMI expansion for 11 months straight has driven inflation down to 16.05%. Think tank maintains 14% year-end projection and expects MPC rate cut. Read full analysis.
MTN Nigeria Reaches 51.1 Million Data Users
MTN Nigeria's active data users surge to 51.1 million, reflecting Nigeria's growing digital appetite. Discover what this means for internet access and data pricing.
Ethiopian Airlines orders 6 Airbus A350-900 aircraft
Ethiopian Airlines strengthens its African leadership with six new Airbus A350-900 orders at Dubai Airshow. The expansion supports sustainability goals and enhanced passenger experience.
Zenith Bank to Acquire Paramount Bank in Kenya
Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.
Delborough Lagos Appoints Ex-OPEC President to Board
Delborough Lagos strengthens leadership with appointment of former OPEC President Prof Emmanuel Ibe Kachikwu to board. Discover how this strategic move enhances Africa's luxury hospitality sector.
Emirates orders 65 Boeing 777X jets despite delays
Emirates places massive $38 billion order for 65 Boeing 777-9 aircraft at Dubai Airshow 2025, demonstrating confidence despite seven-year delivery delays. Read more.
Samsung Plans $310 Billion AI Investment Over 5 Years
Samsung announces massive $310 billion investment to power AI expansion, including new semiconductor plants and data centers. Discover how this impacts global tech landscape.
Samsung to invest $310 billion in AI expansion
Samsung unveils a massive $310 billion investment plan focused on AI technology, including new semiconductor plants and data centers. Discover how this shapes global tech competition.
Burger King Plans to Double Stores in China
Burger King forms a $350M joint venture to double its restaurants in China within five years, challenging McDonald's and KFC. Read more about this major expansion.
FiberOne Launches Major Network Upgrade in Nigeria
FiberOne Broadband announces groundbreaking Next-Generation Network upgrade, promising faster speeds and enhanced reliability for Nigerian businesses and homes.
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