Shell’s Nigeria unit SPDC renamed as sale to Renaissance is completed
Shell has finalized the sale of its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Ltd. (SPDC), to Renaissance, a Nigerian-led consortium, in a...
Huaxin offers Lafarge minority investors 20% premium after Holcim exit
The Chinese firm acquiring Swiss company Holcim’s 83.81% stake in Nigeria-based Lafarge Africa Plc has disclosed its offer details to the cement-maker’s minority shareholders.
Huaxin...
Transcorp Power board approves ₦75m salary for chair, ₦50m for directors
At its twelfth Annual General Meeting (AGM) held on Wednesday Transcorp Power Plc approved a remuneration package that sets the chairman’s salary at ₦75...
China’s Canmax signs lithium deal with Nigeria’s Kebbi state
A Chinese battery materials company, Canmax Technologies, has entered into an agreement to invest $200 million in lithium mining operations in Nigeria.
The deal, formalized...
TotalEnergies expects lower Q1 2025 profit after strong 2024
TotalEnergies Nigeria Plc has projected a profit after tax (PAT) of ₦2.4 billion for the first quarter of 2025, a significant decline from the...