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

Oct212026 by info@insidebusinessafricang.comNo Comments

Dangote Buys 25% Stake In Kenya Pipeline Company For $327m

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

Africa’s richest man, Aliko Dangote, has acquired a 25 per cent stake in Kenya Pipeline Company (KPC) for about $327 million, extending his reach into East Africa’s fuel distribution network. Dangote, founder and chief executive of Dangote Industries Limited, disclosed the deal at an event in London on Wednesday, according to Bloomberg. He did not say which of his companies made the purchase. “We bought 25% of their pipeline network for the distribution of petroleum products,” he said. A report from the Nairobi Securities Exchange (NSE) on Monday showed a block transaction in KPC of about 4.5 billion shares, valued at KSh42.5 billion ($327.4 million). The company’s market valuation is about KSh163.9 billion. KPC moves petroleum products from the port of Mombasa to inland market...

Oct212026 by info@insidebusinessafricang.comNo Comments

FG begins mass revocation of idle oil blocks next week

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The Federal Government will begin a mass revocation of idle oil blocks next week as the Nigerian Upstream Petroleum Regulatory Commission moves to recover assets from operators who have failed to commence development within stipulated timelines. The Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this on Tuesday at a two-day onboarding workshop for holders of Petroleum Prospecting Licences awarded during the 2022/2023 and 2024 licensing rounds in Lagos. Eyesan said the commission had issued a directive to recover blocks from licence holders who had failed to undertake activities within the stipulated periods, warning that operators who had held assets without making progress would no longer be allowed to retain them indefinitely. Eyesan, who was emphatic about the pla...

Oct212026 by info@insidebusinessafricang.comNo Comments

Uganda Denies Active Ebola Cases, Says Abuja Patient Only Transited Through Country

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Uganda’s Ministry of Health has said it has no confirmed active Ebola cases, clarifying that the Nigerian woman diagnosed with the disease in Abuja travelled through the East African country after visiting the eastern Democratic Republic of the Congo (DRC). In a statement issued on Tuesday and signed by Charles Olaro, the ministry’s director-general of health services, the Ugandan government said the woman travelled to eastern DRC for business before transiting through Uganda in early October. According to the ministry, the woman did not show symptoms while in Uganda but developed them after arriving in Nigeria. It stressed that her passage through Uganda did not establish that she contracted the virus in the country, noting that investigations were ongoing to determine the locati...

Oct212026 by info@insidebusinessafricang.comNo Comments

Firms urged to strengthen data systems for AI adoption

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Companies have been urged to strengthen their data management systems and improve access to quality datasets as they adopt artificial intelligence, with an analyst warning that hiring technically skilled workers alone may not translate into business value without the right organisational foundations. AI and data analyst and applied AI practitioner Patricia Orji noted that Nigeria’s artificial intelligence conversation was growing rapidly, with more young people learning Python, machine learning, data science, and generative AI through universities, boot camps, and online courses. However, she argued that the challenge extended beyond training people to use AI tools, pointing to the need for computing infrastructure, mentorship, real-world datasets, internships, research o...

Oct212026 by info@insidebusinessafricang.comNo Comments

2027: Aiyedatiwa backs door-to-door campaign for Tinubu

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By Peter Dada Ondo State Governor, Lucky Aiyedatiwa, has thrown his weight behind President Bola Tinubu’s re-election campaign, pledging the state’s support for mobilisation ahead of the 2027 presidential election. Aiyedatiwa spoke when members of the PBAT Door-to-Door Movement, led by Chief Kestin Pondi, visited him in his office on Tuesday. Pondi represented the movement’s convener and Director-General, High Chief Government Ekpemupolo. The visit followed the inauguration of the movement and the unveiling of 26 campaign vehicles for grassroots mobilisation across Ondo State’s 26 constituencies. Aiyedatiwa commended the movement for extending its activities from Delta State, the convener’s home state, to all 36 states of the federation. He said the door-to-door app...

Oct212026 by info@insidebusinessafricang.comNo Comments

Executive order yields N212bn in oil revenue

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Six months after President Bola Tinubu ordered sweeping changes to Nigeria’s petroleum revenue management, government records show that N211.74bn has accumulated in frontier exploration and gas-flaring penalty accounts, while N92.59bn in Nigerian National Petroleum Company Limited management fees has been distributed to the three tiers of government. The figures, contained in ledgers from the Office of the Accountant-General of the Federation, raise questions about the implementation of Executive Order 9 of 2026, which was designed to end specified deductions from petroleum revenues and increase funds available for distribution to the Federal Government, states and local governments. The records were presented in documents associated with the Federation Account Allocation Committee’s...

Oct212026 by info@insidebusinessafricang.comNo Comments

Aviation unions petition Presidency over Air Peace airside invasion

Africa, Aviation, Business, Corporate Stories, Energy, Exclusive, Growth & Insight, Interviews, News, Power, Technology, Travel, What's Hot, World

A coalition of aviation unions has petitioned the presidency over an alleged airside invasion by Air Peace Airlines at the Murtala Muhammed International Airport, Lagos, on 11 August 2026, demanding an urgent security investigation and prosecution of anyone found culpable. In a petition to the National Security Adviser, obtained by The PUNCH, the unions alleged that Air Peace management and staff drove five branded buses onto the airport’s taxiway and manoeuvring area after a trade union picketing exercise, disrupting flight operations and posing a significant threat to aviation safety. The petition was signed by General Secretary of the Airline Staff and Service Association of Nigeria, Frances Akinjole, General Secretary of the National Union of Air Transport Employees, Igene P.I.A,...

Oct212026 by info@insidebusinessafricang.comNo Comments

Crude hits $111 as IEA warns of prolonged crisis

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Brent crude oil price rose above $111 per barrel on Tuesday, as the International Energy Agency warned that global energy markets might not return to normal in 2027 amid escalating tensions in the Middle East. The international benchmark was trading above $111 per barrel, according to CNN, as concerns over a possible escalation of the conflict involving the United States and Iran heightened fears of further disruptions to global oil supplies. However, Oilprice.com data showed that Brent later retreated to $109 during the day. The Executive Director of the IEA, Fatih Birol, warned that the global energy market remained vulnerable to overlapping crises in the Middle East, saying there was no credible prospect of a return to normal next year. “I don’t see any credible pathway that...

Oct202026 by info@insidebusinessafricang.comNo Comments

Mangongo demands calm as Nigeria begins cricket W’Cup quest

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Nigeria head coach Stephen Mangongo has urged the Yellow Greens to remain calm and execute their plans as they begin their bid to qualify for the 2028 ICC Men’s T20 World Cup against The Gambia in Abuja on Tuesday. Mangongo said the team had completed its preparations and was ready for the opening fixture of the Africa Sub-Regional Qualifier C at the Nigeria Cricket Federation Oval 2. “Calm before the storm. That’s all we need. We’ve done all the training. We are ready to go,” Mangongo said. The Zimbabwean coach also stressed the importance of translating their work in training into performance on the field as Nigeria seek to secure one of the two qualification places available in the six-team tournament. The Yellow Greens will face The Gambia before taking on Zambia on Wednesd...

Oct202026 by info@insidebusinessafricang.comNo Comments

You’re The Egypt Nigerians Will Never Return To — Atiku Tackles Tinubu

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Former Vice-President Atiku Abubakar has criticised President Bola Tinubu over his defence of the removal of the petrol subsidy, describing the president as the source of the economic hardship Nigerians are struggling to escape. Atiku, the presidential candidate of the African Democratic Congress (ADC), said Tinubu’s comparison of calls for fuel subsidy relief to asking Moses to return to Egypt showed “how little he understands the suffering of Nigerians”. In a statement issued on his behalf by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku accused Tinubu of celebrating the removal of petrol subsidy without adequately addressing its impact on the cost of living. He said Tinubu’s decision to remove the subsidy on his first day in ...