Boason Omofaye

CEO FAR, Channels (2015) Arise TV (Now) BloombergTVA (2013) Pearl Awards (2007, 2019) NIPR Award (2020) African Energy Media Awards 2023, Afreximbank Award 2024

[Mwango Capital @MwangoCapital]

3. Kenyan markets yesterday:

🟢 Top Gainer: Nation Media Group PLC up 5.4% to 12.75

🔴 Top Loser: Home Afrika Limited down 5.9% to 1.12

[Tinashe Mukogo @tmukogo]

Econet was undervalued and may still be. Econet InfraCo was overvalued and may still be.

100 days after Zimbabwe's biggest corporate action in history, that's the picture.

InfraCo listed on the VFEX and has since dropped 25% from the exit offer price.

Meanwhile Econet Wireless, now delisted, just posted revenue up 24%, officially joining the $1 billion revenue club, with profits more than doubling.

Even after all that, Econet's valuation still looks low. It trades at an EV/EBITDA of 3x and a PE of 6, well below telco peers.

This isn't supposed to happen. But in illiquid markets like Zimbabwe's, mispricing doesn't correct fast and that's also where the opportunity lives.

Econet traded around 10c last year. Today it's worth 50c at a minimum.

For the detailed breakdown, see the article below.

https://t.co/ga1ozMaunw

[NUPRC @NUPRCofficial]

Winners of NUPRC’s 2025 Licensing Round Emerge

After a keenly contested bidding process, 31 companies have emerged winners of 37 oil and gas blocks at the 2025 Licensing Round which held at the Transcorp Event Center in Abuja on July 21, 2026.

A total of 143 companies had submitted 200 bids for 37 out of the 50 oil and gas blocks originally put on offer.

These blocks were drawn from diverse terrains including the Niger Delta Onshore (16), Niger Delta Shallow Water (18), Niger Delta Deep Offshore (1), Benin Basin Onshore (3), Anambra Basin Onshore (4), Chad Basin Onshore (4) and Benue Trough (4).

Of the 50 blocks on offer, 37 received bids while no bids were submitted for the remaining 13. The 37 blocks that attracted bids were drawn from all the terrains including the frontier basins like the Benue Trough, Chad Basin, Anambra Basin and the Benin Basin.

This is the first time in Nigeria’s energy history that frontier basins would attract such level of investor interest.

The companies that emerged winners of the 2025 Licensing Round include: SSonic Petroleum Limited (PPL 2A29), CFP Pipeline and Flowlines (2A30), Dutchford E&P Limited (2A32), Attabanson Global Company Limited (2A33 and PPL 901), Rosem Energy Limited (2A38), Pivot-GIS Limited (2A39), Network E&P (2A40), Asharami (2A41), LexOil (2A42), BVOF (2A43), GupscoEnergy Limited (2A44 and 2A51), Saratoga (2A45), Volante (2A46), Concept-Reel Petroleum Services Limited (2A47 and 2A55), Clinton Oil Field (2A48 and 2A62) and Nuway Oaklane Limited (2A49).

Others are Ramec (2A50), Italia (2A53), Blueridge E&P (2A54), Up Energies Limited (2A56), AYM Shafa (2A57), Blackrock Holdings Limited (2A58), Funtay Integrated Business Limited (2A59), Riparian Development and Production Limited (2A60), Nikstallis (2A61 and PPL 900), Stardeep Petroleum (PPL 2010), Dakoda & U Limited (PPL308 and PPL 800), Southborne Oil and Gas Limited (PPL 902), Lanaka Petroleum (PPL 903) HighbanResources Limited (PPL 700), Eyre Energy Limited (PPL 801).

These firms will only be presented final awards after the payment of the appropriate signature bonus and the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act, 2021.

In her remarks, the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, thanked President Bola Tinubu for supporting the Commission to deliver a seamless licensing round.

While congratulating the winners, Eyesan urged them to pay their signature bonuses as quickly as possible and also develop their assets or risk losing them in line with the drill or drop provision enforced by the Commission.

The commercial bid conference was closely monitored by representatives of the Federal Ministry of Petroleum Resources, the Federal Ministry of Finance, the Nigeria Extractive Industry and Transparency Initiative (NEITI)and several other stakeholders in line with the extant laws.

[Dr Jumoke Oduwole @joduwole]

On the sidelines of the 17th National Council on Industry, Trade & Investment (NCITI) hosted by Enugu State, I paid a visit to the Lion Business Park @lionbizparkfze Free Trade Zone, the @NortraTractors Assembly Plant, and Nigergas Company Limited.

As our host for this year's council, these facilities signal that Enugu State is open for business - equipped with the infrastructure, capacity, and readiness needed to drive real growth.

#WeMove 🇳🇬🇳🇬🇳🇬🌍🎯 #HMIndustryTradeInvestment #FMITI

[OilPrice.com @OilandEnergy]

India’s state refiners are pulling back from Iraqi crude as escalating attacks make the Strait of Hormuz too dangerous for tankers. The shift could leave more Middle Eastern oil stranded and accelerate India’s move toward alternative suppliers. #Oil #India #Iraq #Hormuz

https://t.co/ryTCB1F6tj

[Business Explainer @businessXplain]

ABSA APPOINTS DEUTSCHE BANK CHIEF

Absa has appointed Saloshni Pillay as Managing Executive for Corporate and Investment Banking in South Africa, marking her return after leading Deutsche Bank’s local operations.

Pillay brings more than 25 years of experience across investment banking and global markets, having also held senior roles at Citigroup, Standard Bank and Crédit Agricole.

Her appointment is part of Group CEO Kenny Fihla’s broader strategy to strengthen Absa’s leadership team through high-profile hires.

The bank says Pillay’s experience and industry knowledge will help grow its corporate and investment banking business as it seeks to increase market share and expand sustainable growth across South Africa and the continent.

Full story - https://t.co/iVihxKVNhR

[Kenya Investment Authority (InvestKenya) @InvestKenya_]

Earlier today, Kenya Investment Authority (Invest Kenya) CEO Mr. John Mwendwa, convened a strategic policy dialogue with key ecosystem leaders from the ride-hailing and digital mobility sectors, including @uber_kenya , Bolt, Faras, and @GlovoKenya , to align on institutional frameworks that promote market sustainability and strengthen investor confidence.

In light of ongoing policy deliberations on sector pricing structures, stakeholders underscored the importance of assessing the broader market implications, with preliminary projections indicating the potential for economic contraction if an appropriate regulatory balance is not achieved.

To support a predictable, competitive, and resilient business environment, participants emphasized the need for an evidence-based Regulatory Impact Assessment (RIA), benchmarked against international best practices, to inform an adaptive regulatory framework. Moving forward, Invest Kenya invited industry leaders to submit technical policy proposals and support a baseline economic study, reinforcing its commitment to collaborative, multi-stakeholder governance that balances platform viability, driver welfare, consumer interests, and a conducive investment climate.

[NSE PLC @NSE_PLC]

❗Important Notice❗
NCBA Group Plc – Nedbank Group Offer Results.

[IMF @IMFNews]

Sovereign wealth funds have become some of the most powerful players in global finance, with $16 trillion in assets. Law should guide their operations and governance to ensure the institutions support financial stability. See our new blog. https://t.co/sK6yiwPOAT

[WebTV @webtvnigeria]

The First HoldCo's H1 2026 results tell two stories at once, and readers should be careful not to let the louder one drown out the quieter, allowing both to sit in the same room.

The loud story is genuine, as First HoldCo Plc reported. For H1 2026, an increase of 83.50% in PBT over H1 2025 and the strongest half-year in the Group's history. There were a number of other positive metrics in the report below.

The quiet story is that the composition of the improvement carries as much information as its scale.

Read the analyst note below for context: https://t.co/cJlSovSZgz via Proshare

Cc: @cenbank, @FirstBankngr, @ngxgrp, @ngxregco, @SECNigeria, @PremiumTimesng, @THISDAYLIVE, @cisnigeria, @BDAN_NG..

[Mining Zimbabwe @Mining_Zimbabwe]

BINDURA – Freda Rebecca Gold Mine is constructing a new US$1.2 million laboratory facility as part of a broader strategy to enhance technical competence and operational efficiency, following the achievement of ISO/IEC 17025 accreditation for its existing laboratory...

https://t.co/kEHftLWSPC

[Julians Amboko @AmbokoJH]

National Treasury CS has told the National Assembly that Kes 104,090,404 was forgone by the Kenya Revenue Authority following the decision to grant Mombasa Sugar Refinery Limited exemption from Import Declaration Fee and Railway Development Levy on raw sugar imported for processing into sugar for industrial use via EAC Legal Notice No.EAC/92/2025.

Kes 57,828,002 is attributable to Import Declaration Fee while Kes 46,262,402 is attributable to Railway Development Levy.

[Boason Omofaye @BBoason]

Taking the conversation further @afreximbank @AfreximTrin @NGRPresident @FinMinNigeria @NigeriaRevenue @StellBusSchool @AfCFTA @officialNESG

[Uyor Esther @shimite_uyor]

What if fiscal policy isn't just about taxes, but about creating opportunities?
Here are some insights from the @StellBusSchool Stellenbosch Business School Thought Leadership Session
#Nigeria #FiscalPolicy #Africa #EconomicGrowth
@BBoason @FrontierAFR

[Boeing Airplanes @BoeingAirplanes]

We're welcoming @UG_Airlines to the Boeing family!

Uganda Airlines will expand its fleet with eight new fuel-efficient airplanes.

✈️ Four 737 MAX
✈️ Four 787 #Dreamliner jets

This order supports growing travel demand across Africa and on routes to the Middle East, Asia and Europe. #FIA2026

Release: https://t.co/YxYbezp9tV

[Boason Omofaye @BBoason]

@FrontierAFR

[Mwango Capital @MwangoCapital]

Uganda Airlines has placed its first Boeing order for 8 aircraft as it expands its regional and long-haul network.

—Four 737-8 jets will serve intra-African, Middle Eastern and Indian routes.

—Four 787-9 Dreamliners will support services to Asia, Europe and the Middle East.

—The new aircraft are expected to reduce fuel use by 20–25% versus the planes they replace.

—Uganda Airlines currently serves 17 destinations across 13 countries from Entebbe.

[Mwango Capital @MwangoCapital]

Uganda Airlines has placed its first Boeing order for 8 aircraft as it expands its regional and long-haul network.

—Four 737-8 jets will serve intra-African, Middle Eastern and Indian routes.

—Four 787-9 Dreamliners will support services to Asia, Europe and the Middle East.

—The new aircraft are expected to reduce fuel use by 20–25% versus the planes they replace.

—Uganda Airlines currently serves 17 destinations across 13 countries from Entebbe.

[NSE PLC @NSE_PLC]

The market continues to demonstrate resilience. The NSE 20 Share Index advanced above the 4,000 mark, while the Banking Index posted further gains.

Stay informed with today's market performance.

[Tola Odeyemi @tola_odeyemi]

📌When President Bola Ahmed Tinubu @officialABAT
entrusted us with the mandate to deliver Nigeria's National Digital Alphanumeric Postcode System, the assignment was never simply about creating postcodes. It was about giving every addressable location in Nigeria a place on the nation's digital map.

From the outset, the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani @bosuntijani , was clear on the standard we had to meet. This was not going to be another desktop exercise. The objective was to build a trusted digital location infrastructure that truly reflects the reality on the ground, one that serves every Nigerian, whether in the heart of our cities or in the most remote communities.

That is why delineation alone was never enough.

Maps can tell part of the story. People tell the rest.

Over the past few weeks, our dedicated staff and thousands of ad-hoc field personnel have travelled across Nigeria, validating communities, identifying buildings and ensuring that what is captured digitally reflects what exists physically.

Here are videos from Ebonyi, Jigawa. From Jigawa and
Niger State, the largest state in Nigeria by landmass, covering more than 76,000 square kilometres and stretching across terrains that remind us daily of the scale of this assignment, we have remained committed to one principle: no community is too remote, no settlement too small, and no Nigerian too far away to count.

Every journey reinforces something profound.

Nigerians are remarkably warm, welcoming and hopeful. In many of the communities we have visited, people have told us they have never witnessed government teams coming specifically to identify their homes, understand their communities and ensure they are visible within a national digital infrastructure.

There is dignity in being found.
There is inclusion in being counted.
There is trust when government makes the effort to reach every citizen, not just those who are easiest to reach.
The Digital Postcode System is far bigger than mail delivery.

It is foundational digital public infrastructure.

It means an ambulance can find a patient faster.
A security agency can respond with greater precision. Fire services can reach emergencies without relying on verbal directions.
Businesses can deliver products more efficiently.
Small enterprises in rural communities can participate more confidently in e-commerce.
Governments can plan schools, hospitals, roads and public services using accurate location intelligence rather than estimates.
Financial institutions can strengthen address verification and expand financial inclusion.
Census exercises, elections and disaster response can all benefit from more reliable location data.

But perhaps what excites me most is what we cannot yet fully imagine.

Just as mobile phones became the platform for innovations few predicted twenty years ago, a trusted national location layer will become the foundation upon which future innovations are built.
Entrepreneurs will develop services we have not conceived today.
Logistics companies will optimise deliveries with unprecedented efficiency.
Drones, autonomous systems, precision agriculture, smart cities, digital insurance, AI-powered public services and entirely new business models will all depend on one fundamental capability: knowing exactly where something is.

That is what we are building.

Every building we validate, every community we map and every postcode we assign is another block in Nigeria's digital future.

This work is demanding.
It requires patience, precision and thousands of kilometres on the road.
But nation-building has never been about choosing the easy path.

It is about ensuring that every Nigerian, everywhere, has a place in the future we are creating together.
#PostcodesNG
cc @NipostNgn

[Uganda Chamber of Energy & Minerals @UgandaChamber]

The stage is set. The conversations are about to begin. n just two days, Uganda's energy leaders, policymakers, investors, innovators, and development partners will gather to explore practical solutions for powering the nation's future.

The countdown is almost over.

We look forward to welcoming you to the 2nd Annual Energy Convention 2026.