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

Jul92026 by info@insidebusinessafricang.comNo Comments

El-Rufai Demands ICPC Retraction, Denies Violating Court Order Over Hospital Visit

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Former Kaduna State Governor, Nasir Ahmad El-Rufai, has rejected allegations by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) that he abused court-approved medical privileges and violated a court order, insisting that the anti-graft agency misrepresented the facts surrounding his absence from court and subsequent hospital visit. In a statement issued yesterday by his Media Adviser, Muyiwa Adekeye, El-Rufai described the ICPC’s July 7 statement titled “El-Rufai and Medical Doctor Abuse Privilege, Violate Court Order” as inaccurate in both fact and law and called on the Commission to withdraw the allegation that he breached any court order. The former governor maintained that his inability to appear before the court in Kaduna on July 6 was solely due to...

Jul92026 by info@insidebusinessafricang.comNo Comments

Nigeria Step Up Commonwealth Games Preparations As 3×3 Basketball Team Camps In Amsterdam

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Team Nigeria has stepped up preparations for the 2026 Commonwealth Games, with the men’s 3×3 basketball team holding a final overseas training camp in Amsterdam, Netherlands, ahead of the competition in Glasgow, Scotland. With just 14 days to the Opening Ceremony, the squad, led by D’Tigers star Ike Nwamu, is sharpening its form through intensive training and will play two international friendly matches in Amsterdam before travelling to Glasgow. The training camp is expected to provide the team with valuable match practice and help the coaching staff fine-tune tactics ahead of the Games. Preparations are also gathering pace in athletics, with several of Nigeria’s foreign-based stars expected to arrive in the United Kingdom in the coming days to join the national camp. Among tho...

Jul92026 by info@insidebusinessafricang.comNo Comments

Lagos begins screening of athletes for National Intermediate Games

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Determined to present a formidable squad in the maiden edition of the National Intermediate Games in October, host, Team Lagos, has commenced the screening of athletes through a Secondary School Sports Fiesta. The open trial, held at Tolu Secondary School Complex in Ajegunle, brought together students from both public and private schools to compete in athletics, chess, and scrabble. The aim was to identify fresh talents who will represent the state at the championship. The Director of School Sports at Lagos State Sports Commission, Dr Oluyomi Oluwasanmi, explained that “The purpose of the Lagos State Secondary School Sports Fiesta is to comb the nooks and crannies of the state, especially our school system, to get more talents that we can use to beef up the already established poo...

Jul92026 by info@insidebusinessafricang.comNo Comments

Building Bridges Through Education: Wisdom John Okoye’s Vision for Africa’s Next Diplomatic Advantage

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Managing Director and Chief Executive Officer of ETGSL Education, Dr. Wisdom John Okoye, has spent his career working at the intersection of higher education, government and international diplomacy. Increasingly, that work is taking him and the institutions he partners with beyond the traditional boundaries of student recruitment, into lecture theatres, research centres and university boardrooms where governments, academics and industry leaders are forging partnerships capable of shaping economies and influencing public policy. That vision was on full display earlier this month at the University of Northampton’s Centre for the Advancement of Racial Equality (CARE) Race Action Summer Conference 2026, where His Excellency, Dr. Alex Chioma Otti, Executive Governor of Abia State, Nigeria...

Jul92026 by info@insidebusinessafricang.comNo Comments

Energy firms partner to expand LPG distribution

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KiakiaGas has entered into a partnership with clean cooking company GAS360 to strengthen last-mile liquefied petroleum gas distribution and improve access to clean cooking solutions for underserved households across Nigeria. The companies said in a statement that the partnership combines KiakiaGas’ nationwide LPG logistics infrastructure with GAS360’s last-mile distribution network to improve product availability, lower distribution costs, and support household adoption of LPG. According to the firms, the collaboration will strengthen GAS360’s CleanSwitch cylinder-exchange model, which allows households to exchange empty cylinders for pre-filled ones at authorised GASpreneur retail outlets. They said the model is designed to eliminate manual decanting and reduce waiting time for ...

Jul92026 by info@insidebusinessafricang.comNo Comments

Eight Nigerian firms secure $1.5m clean energy funding

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Eight Nigerian companies are among 19 African firms awarded $1.5m under the Productive Use Financing Facility to expand solar-powered productive appliances for entrepreneurs and small businesses. The funding was announced by CLASP, a global non-profit organisation promoting energy-efficient appliances and clean energy solutions, at the Adaptation Investment Summit 2026 in Nairobi. The Senior Director for Africa at CLASP, Emmanuel Aziebor, made the announcement in a statement on Wednesday in Abuja. Aziebor said the organisation was targeting the deployment of 3,800 productive-use appliances and the creation of over 3,000 green jobs. The News Agency of Nigeria reports that PUFF is an initiative managed by CLASP and supported by the Global Energy Alliance for People and Planet. Th...

Jul92026 by info@insidebusinessafricang.comNo Comments

Peggy Ovire Finalizes Divorce Process From Frederick Leonard, Jubilates!

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Nollywood actress Peggy Ovire has sparked reactions on social media after celebrating the finalisation of her divorce from her ex-husband, actor Frederick Leonard Mmaduabuchi. ‎‎The actress shared a message expressing gratitude, writing, “Thank You Jesus. It is Done,” which many interpreted as her confirmation that the divorce process has officially concluded Her post quickly went viral, with fans and followers sharing mixed opinions. While some congratulated her and wished her well, others questioned the decision to celebrate the end of a marriage. ‎‎Peggy had called out Leonard, accusing him of having an affair with a married woman with kids and stalling their divorce. According to her, Frederick asked for a divorce, yet didn’t show up when he was served. ‎‎Not done, she shar...

Jul92026 by info@insidebusinessafricang.comNo Comments

New Oil Discovery Raises Nigeria’s Hope Of Improved Production Target

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Nigeria’s crude oil output is expected to add up after Renaissance Africa Energy Company announced an offshore oil discovery at the JK-004 exploration well in OML 74, with the well encountering approximately 1,000 ft of hydrocarbon-bearing intervals across seven reservoirs containing light oil. The discovery was announced during the NOG Energy Week Conference & Exhibition 2026 by the minister of state for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, who described the result as an important milestone for the country’s upstream sector. According to Renaissance, the discovery confirmed high-quality reservoirs and supports the company’s strategy to expand Nigeria’s hydrocarbon resource base. The company said the result reinforces its commitment to increasing reserves, st...

Jul92026 by info@insidebusinessafricang.comNo Comments

US-Iran Ceasefire Collapse Threatens Nigeria’s Fragile Fuel Price Gains

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As oil prices surge 7%, Brent hits $80/b The renewed US-Iran hostilities that sent global crude prices surging on Wednesday could halt — or reverse — the petrol price cuts Nigerian consumers have enjoyed since late May, industry watchers say, as the Dangote refinery’s feedstock costs are poised to climb again just as domestic pump prices had begun easing. Brent crude jumped roughly seven per cent to around $80 per barrel and WTI rose to about $75.6 after President Donald Trump declared the fragile US-Iran ceasefire “over” following overnight US strikes on more than 80 targets in Iran, including air defence systems and anti-ship missile capabilities, after Iran attacked commercial vessels transiting the Strait of Hormuz, CNBC reported. Speaking at the NATO summit in Ankara, Turkey,...

Jul92026 by info@insidebusinessafricang.comNo Comments

Dangote’s N45 dividend to inject billions into NGX

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

Investors in the Nigerian equities market are gearing up for a significant liquidity boost this week as the landmark N45.00 per share dividend payout from Dangote Cement Plc hits investors’ bank accounts, injecting billions of naira in raw cash into the financial ecosystem. Market analysts expect the massive capital injection to trigger a wave of reinvestments, potentially arresting a three-week bearish run on the Nigerian Exchange that has pushed major blue-chip equities down to multi-month technical support baselines. The influx of dividend cash comes at a critical juncture for the local bourse. Over the last 21 days, a heavy institutional shakeout has dominated trading, culminating in a third consecutive weekly loss that dragged the NGX All-Share Index down to 229,240.34 points, w...