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Thursday, 5 February 2026

BYD Named Official Car Partner for Glasgow 2026 Commonwealth Games


BYD, a global leader in New Energy Vehicles (NEVs), has been confirmed as the Official Car Partner of the Glasgow 2026 Commonwealth Games. The company will supply 90 fully electric and plug-in hybrid vehicles to support transport and operations during the Games.

Nigeria Partners With South Korea to Launch Africa’s First Electric Vehicle Manufacturing Plant


Nigeria has taken a major step towards transforming Africa’s automotive landscape by signing a landmark Memorandum of Understanding (MoU) with South Korea’s Asia Economic Development Committee (AEDC) to establish the continent’s first large-scale electric vehicle (EV) manufacturing plant.

Google Launches Applications for 10th African Startup Accelerator with AI Focus


Google has opened applications for the 10th cohort of its Google for Startups Accelerator Africa, marking a milestone edition that places artificial intelligence (AI) at the core of its support for African founders. The programme is designed to equip growth-stage startups with the tools, mentorship, and networks needed to scale AI-driven solutions across the continent.

Lafarge Africa to Boost Cement Production at Ashaka and Sagamu Plants


Lafarge Africa Plc has announced plans to expand production capacity at its Ashaka cement plant in Gombe State and its Sagamu plant in Ogun State, the company informed the Nigerian Exchange Limited (NGX) and the investing public.

MTN Seeks 75% Stake in IHS Towers in Landmark Telecom Move


MTN Group has formally approached the Johannesburg Stock Exchange (JSE) for approval to acquire a controlling stake in IHS Towers, a move that could transform the telecommunications landscape across emerging markets.

Transcorp, DMO, CardinalStone and Chapel Hill Denham Shine at NGX Made of Africa Awards 2025


Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel Hill Denham, and MTN Nigeria Communications were among the standout winners at the 2025 Made of Africa Awards, hosted by the Nigerian Exchange Group (NGX), recognising institutions driving excellence in Nigeria’s capital markets.

EdTech Platform Aahbibi Rebrands as Hallos, Unveils 5,000+ Courses for Knowledge and Workforce Skills


Hallos, the edtech platform formerly known as Aahbibi, has announced a full rebrand alongside the launch of more than 5,000 self-paced courses designed to strengthen knowledge transfer, accelerate skills development, and improve literacy for everyday learners across Africa and the global market.

Rite Foods Urges Stakeholders to Accelerate Clean Energy Adoption in Nigeria


Rite Foods Limited, the proudly Nigerian fast-moving consumer goods (FMCG) manufacturer, has reiterated its commitment to sustainable manufacturing and clean energy adoption, marking the 2026 International Day of Clean Energy with a high-level multi-stakeholder engagement on Nigeria’s energy transition and sustainable industrial growth.

Shell reports $3.3bn Q4 2025 earnings, boosts dividend and extends share buyback streak


Shell plc has reported adjusted earnings of $3.3 billion for the fourth quarter of 2025, supported by strong operational performance in its Upstream and Integrated Gas businesses despite a lower price environment. Cash flow from operations (CFFO) for the quarter came in at $9.4 billion, with year-end movements partly offsetting underlying performance.

Nigerian Senate Retains Electronic Results Transmission, Rejects Mandatory Real-Time Uploads


Nigeria’s attempt to deepen election transparency through technology has encountered another legislative hurdle after the Senate declined to make real-time electronic transmission of results compulsory. During deliberations on proposed amendments to the Electoral Act, lawmakers retained provisions allowing the use of technology in elections but rejected language that would force immediate uploads of polling unit results, particularly to the Independent National Electoral Commission’s Result Viewing Portal (IReV).

Africa’s Green Economy Summit 2026 targets global investment for sustainable growth


Africa’s Green Economy Summit (AGES) 2026 is set to play a pivotal role in unlocking global capital for Africa’s sustainable development, with Sanlam Investments returning as headline sponsor for the third consecutive year. The summit will be held in Cape Town from 24 to 27 February 2026.

CLG Dismisses CEO Zion Adeoye Over Serious Personal and Professional Misconduct


CLG has terminated the employment of its Chief Executive Officer, Zion Adeoye, following an extensive internal and external investigation into serious personal and professional conduct violations.

Monday, 2 February 2026

Oando profit after tax rises 10% to ₦241.3bn as upstream output jumps 32% in FY 2025


Oando PLC has reported a 10% increase in profit after tax to ₦241.3 billion for the financial year ended 31 December 2025, driven largely by a sharp rise in upstream oil and gas production.