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Sports

FIFA issues deadline to members over plan to sell $4 bn stake

FIFA has given member associations until September 19 to support a plan that would sell a stake in its major competitions, with each member reportedly set to receive $40 million if the proposal goes through.supersport+1 According to reports, FIFA wants to create a new company to run its biggest events, including the World Cup and Club World Cup, and then sell up to 20 or 21 percent of the business to private investors. The move could generate about $4.2 billion, while a broader funding package tied to the project could rise to $10 billion.reuters+4 FIFA president Gianni Infantino has reportedly told member associations that they must decide by September 19 if they want to benefit from the payout. If approved, the plan would represent one of FIFA’s biggest commercial shifts in recent years and could reshape how the body funds […]

Abdulmumini Auwal SA July 29, 2026

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Nigeria

NNPCL revenue hits N2.68tr in February up 4.24 percent

The Nigerian National Petroleum Company Limited NNPCL says its revenue rose by 4.24 percent in February 2026 to N2.68 trillion, up from N2.57 trillion recorded in January. The figures were contained in NNPCL’s February 2026 monthly report published on the company’s official X handle. According to the report, profit after tax for February stood at N136 billion, a drop of N249 billion compared to the N385 billion profit posted in January. The document noted that the report covered key indicators, including revenue, profit after tax, statutory payments and major strategic initiatives carried out during the month. NNPCL said there was continued growth in natural gas production, while combined crude oil and condensate output averaged 1.51 million barrels per day in February, down from 1.64 million barrels per day in January. Natural gas output rose to 7,458 million standard cubic feet […]

Abdulmumini Auwal SA April 11, 2026

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Nigeria

Presidency explains rise in 2026 budget to N58trn

The Presidency says the proposed 2026 federal budget of N58.18 trillion is aimed at consolidating reforms, boosting growth and tackling security and social challenges, not just expanding spending for its own sake. The aggregate expenditure is about six per cent higher than the 2025 estimate of N49.7 trillion, reflecting what officials describe as a more ambitious but targeted fiscal plan.​ According to presidential officials, the increase is driven mainly by higher allocations to defence, internal security and law enforcement in response to persistent insurgency, banditry and other threats. The 2026 plan earmarks about N5.41 trillion for security related spending, making it one of the largest single components of the budget.​ The budget also scales up capital investment in infrastructure, including roads, rail, power and public assets needed to support private sector led growth. Government argues that sustained infrastructure funding is […]

Abdulmumini Auwal SA December 22, 2025

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Greater Accra

Tema Oil Refinery Achieves Record $2.9 Million Revenue in March 2025

In March 2025, Tema Oil Refinery (TOR) recorded a remarkable revenue of $2.9 million, marking its highest earnings in the past three years. This achievement highlights a significant recovery and growth for the refinery, which plays a critical role in Ghana’s energy sector. This success reflects improved operational efficiency and a growing demand for refined oil products, showcasing TOR's resilience and potential for further growth in the industry.This milestone is particularly notable as it signals a positive trend for Ghana's energy sector, with TOR at the forefront of driving economic growth through its refining capabilities.

Muhammad Saminu April 7, 2025

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