Inside Business Africa - Business News, Economic Insight, African Corporate Stories.

Aug182026 by info@insidebusinessafricang.comNo Comments

NNPC/Shell Vision First Initiative Impacts Over 10,000 People

Africa, Breaking News, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Health, Industry, Innovation, Insurance, Interviews, News, Oil & Gas, Travel, World

The Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) has sustained its medical outreach efforts across Nigeria with more than 10,000 people benefitting from the programme since its inception in 2022. The latest outreach holds this week in Badagry Local Government Area of Lagos State. “Vision First is more than an outreach programme—it is a promise. A promise that quality healthcare should not be limited by geography, income, or circumstance,” SNEPCo managing director Ronald Adams, said in an address read by general manager Corporate Relations, Abubakar Ahmed, at the opening ceremony yesterday. Vision First which is part of the Health-in-Motion programme of NNPC/SNEPCo...

Aug182026 by info@insidebusinessafricang.comNo Comments

Tonlagha Urges More Support For Vulnerable Nigerians After UK Award

Africa, Appointments, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, News, Travel, World

The chief executive officer of the Esther Matthew Tonlagha Foundation (EMT Foundation), Pastor Mrs Esther Tonlagha, has said many Nigerians continue to face difficult circumstances, adding that more needs to be done to support vulnerable people across the country. Tonlagha spoke at the Africa Women Summit (AWS) UK Conference 2026, held on Saturday at the Hilton Croydon, United Kingdom, where she was recognised among the Top 100 Reputable Women of African Descent, 2026, and also spoke on a panel. The conference, themed “Her Power, Her Purpose, Her Platform,” discussed women’s leadership, empowerment and their role in driving positive change. Speaking about the work of her foundation, Tonlagha said the EMT Foundation was established on the belief that everyone deserved the opportuni...

Aug182026 by info@insidebusinessafricang.comNo Comments

Oil Rally Boosted Nigeria’s Earnings In H1 – Afreximbank

Africa, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Interviews, Logistics, News, Oil & Gas, Travel, World

Nigeria was among the African economies that benefited most from a strong rally in global oil prices during the first half of 2026, as the Afreximbank African Commodity Index (AACI) recorded a 6.7 per cent gain driven largely by energy markets, the African Export-Import Bank has said. In its latest AACI report released in July 2026, Afreximbank said the Composite Index rose to 208.6 by end-June 2026, up from 195.5 at the end of December 2025, with the Energy sub-index posting the strongest performance among all categories, climbing 13.6 percent to 191.6. The bank attributed the rally chiefly to heightened geopolitical tensions in the Middle East, particularly the conflict involving Iran and fears over possible disruptions to shipping through the Strait of Hormuz, which it said pushe...

Aug172026 by info@insidebusinessafricang.comNo Comments

Tinubu bets on PH, Warri refineries despite Obasanjo’s doubts

Africa, Business, Corporate Stories, Economy, Energy, Exclusive, Finance, Industry, Innovation, Interviews, Logistics, News, Oil & Gas, Politics, Power, Travel, What's Hot, World

President Bola Tinubu has disagreed with former President Olusegun Obasanjo over claims that the state-owned Port Harcourt, Warri and Kaduna refineries may never work. In what appeared to be Tinubu’s first clear position on the viability of the three refineries, which have remained moribund despite billions spent on turnaround maintenance, the President insisted that the facilities will return to operation. The PUNCH reports that Tinubu made his position known on Thursday when he received the Executive President of the Nigeria Union of Petroleum and Natural Gas Workers, Salimon Oladiti, and members of the union at the Presidential Villa, Abuja. The President’s declaration is coming against the backdrop of repeated doubts expressed by Obasanjo about the ability of the Port Harcourt...

Aug172026 by info@insidebusinessafricang.comNo Comments

The Value-Chain Imperative: Making CEPA Work for Nigerian Manufacturing

Africa, Appointments, Breaking News, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, Logistics, News, Travel, What's Hot, World

The UAE has opened its market to 7,315 Nigerian products. The tariffs on manufactured goods come off within five years. The agreement is built to reward countries that add value at home. The work now belongs to Nigeria. By Oti Egwu In January, in Abu Dhabi, Nigeria was handed something increasingly rare in international trade: a door opened wider than the one it opened in return. Under the Comprehensive Economic Partnership Agreement (CEPA) signed on the sidelines of Abu Dhabi Sustainability Week, the United Arab Emirates committed to eliminating tariffs on 7,315 Nigerian products. Nigeria committed to eliminating tariffs on 6,243 Emirati ones. That asymmetry runs in Nigeria’s favor, though the UAE applies a flat five percent to most imports, so the lines it opened were never high...

Aug172026 by info@insidebusinessafricang.comNo Comments

FSL launches Commodity Fund to boost agric investment

Africa, Agriculture, Breaking News, Business, Capital Market, Corporate Stories, Economy, Energy, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, Logistics, Maritime, News, What's Hot, World

FSL Asset Management has officially launched its novel Commodity Fund, a strategic investment vehicle specifically structured to channel non-bank capital into Nigeria’s agricultural ecosystem while offering retail and institutional investors regulated exposure to high-yield commodity instruments. The announcement was made during an interactive media briefing at the company’s office in Lagos, where the Chief Executive Officer of FSL Asset Management, Adetola Odukoya, briefed journalists alongside key members of the executive team. The briefing was held with the support of other company executives, including the Team Lead, Fund Operations, Sunday Kadiri; Head, Sales and Marketing, Yussuff Abdulfatai; and Head, Brands and Communications, Victor Adaha. Together, the management team outli...

Aug172026 by info@insidebusinessafricang.comNo Comments

SUNU moves to rejig board, accelerates growth

Africa, Breaking News, Business, Energy, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, News, What's Hot, World

SUNU Assurances Nigeria Plc is seeking shareholder approval for a series of changes to its board and audit structure as the insurer positions itself for its next phase of growth in Nigeria’s competitive insurance market. The company is proposing the appointment of TAC Professional Services as its new external auditor, replacing SIAO Partners, which is due to retire from the engagement. The proposed change is among several corporate governance measures contained in the company’s notice to shareholders ahead of its 2026 business year. Shareholders will also be asked to ratify the appointments of three directors: Lucie Barry as an independent non-executive director, Roland Ouedraogo as a non-executive director and Olayinka Adaramola as an executive director with a technical role. ...

Aug172026 by info@insidebusinessafricang.comNo Comments

FG offers 70:30 profit oil split for new fields

Africa, Breaking News, Business, Capital Market, Corporate Stories, Economy, Energy, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, Logistics, Maritime, News, Power, Travel, What's Hot, World

The Federal Government has introduced a major fiscal incentive for new deep offshore oil and gas projects, allowing qualifying developments to restart the profit-oil sharing scale at 70:30 in favour of contractors, even where existing production in the same contract area has already moved to a higher government share. The provision is contained in the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, signed by President Bola Tinubu on August 6, 2026, and gazetted by the government. A review of the official Gazette obtained by The PUNCH showed that the new Profit Oil Reset is designed to make fresh deep offshore developments more commercially attractive by ring-fencing new projects from the more burdensome profit-oil sharing levels reached by older produ...

Aug172026 by info@insidebusinessafricang.comNo Comments

Refiners eye $329m savings from proposed crude swap

Africa, Appointments, Breaking News, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, Logistics, Maritime, News, Oil & Gas, Travel, What's Hot, World

The Dangote Petroleum Refinery and other local refineries could have saved between $246.6m and $328.8m on crude supplied to them in the first half of 2026 if the proposed crude swap arrangement had been in operation. On Friday, The PUNCH reported that the Nigerian Upstream Petroleum Regulatory Commission confirmed the commencement of consultations with relevant industry stakeholders on a domestic crude oil and gas swap arrangement aimed at cutting supply costs and ensuring more crude is available to Nigerian refineries. The initiative is expected to strengthen compliance with the Domestic Crude Supply Obligation and Domestic Gas Supply Obligation while reducing the need to physically transport crude over long distances to meet supply requirements. The between $246.6m and $328.8m p...

Aug142026 by info@insidebusinessafricang.comNo Comments

Chinonso Lilian Osuofia: Celebrating a Life of Resilience, Enterprise and Humanity

Africa, Economy, Energy, Finance, News, Travel, World

In a business environment where success is often measured by commercial achievements, Dr. Chinonso Lilian Osuofia stands out for combining enterprise with a strong commitment to humanity. As Director and Chief Executive Officer of Jigsimur International (Jigsimur Zdex Ltd), she has built a reputation as an entrepreneur and business leader whose journey is defined by resilience, purpose and service. Beyond her achievements in business, her philanthropic engagements continue to reflect a belief that true success is best measured by the lives positively impacted along the way. Precious Ugwuzor writes Dr. Chinonso Lilian Osuofia, Director and Chief Executive Officer of Jigsimur International (Jigsimur Zdex Ltd), has carved a distinctive path as an entrepreneur, business lead...