Indian businessmen Nitin and Chetan Sandesara

Indian tycoons Sandesara brothers’ energy firm completes acquisition of Eni’s Nigerian oil unit

Sandesara brothers’ Sterling Oil completes its acquisition of Eni’s Nigerian subsidiary, AENR, adding a 5% stake in the Renaissance joint venture.

Feyisayo Ajayi October 26, 2026

Business Companies

Shoprite Nigeria seeks comeback with standalone neighbourhood stores

Shoprite Nigeria reopens three stores and plans standalone neighbourhood supermarkets as it seeks to recover from financial pressure and supplier debts.

Oluwatosin Alao October 26, 2026

Business Companies Hot News

Nigeria court clears UBA to seize Stallion assets in $115 million debt case

Nigeria's Federal High Court cleared UBA to seize Stallion Group assets across commercial hubs to recover an outstanding debt of over $115 million.

Omokolade Ajayi October 26, 2026

Nigerian power generating company Geregu Power Plc

Business Companies Hot News

Geregu Power orders three Siemens transformers for its 435-MW plant

Geregu Power orders three Siemens transformers for its 435-megawatt plant as the Nigerian electricity generator addresses equipment reliability and debt pressures.

Omokolade Ajayi October 26, 2026