Business

Renaissance Africa Energy to acquire Shell's stake in SPDC in landmark deal

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In a game-changing move for the Nigerian oil sector, Renaissance Africa Energy has reached a groundbreaking agreement with Shell to acquire its entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc. the Petrolin Group, FIRST Exploration and Petroleum Development Company…

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Economists and financial experts have projected that Nigeria’s economy will grow at 3.47 per cent if the government focuses on investing in infrastructure that supports manufacturing, export, and small and medium-scale enterprises (SMEs).

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Succor may have come the way of stock market investors who had endured a long period of capital depreciation in insurance stocks as the index emerged the best-performing sector so far in the year, posting a year-to-date (YTD) return of 22.8 per cent.

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The International Monetary Fund (IMF) said almost 40 per cent of jobs globally will be influenced by artificial intelligence (AI), saying advanced economies are expected to experience a higher impact compared to emerging markets and low-income countries.

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The bulls maintained dominance at the reopening of transactions yesterday on the equities sector of the Nigerian Exchange Limited (NGX)as increased demand for Geregu Power Plc and 67 others lifted the All-Share Index (ASI) by 1.92 per cent.

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