Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot NewsMarkets

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

The move marks a dramatic pivot toward operational transparency for the traditionally insular state enterprise.

Omokolade Ajayi Omokolade Ajayi
Nedbank
BusinessBankingHot NewsLatest

Nedbank wins 5-year legal battle to claim Mukansi family’s luxury home

Nedbank wins a five-year legal battle over the Mukansi family's Johannesburg home, with occupants ordered to vacate within 30 days.

Feyisayo Ajayi Feyisayo Ajayi
African Capital Alliance
BusinessHot NewsInvestments

Okey Enelamah’s African Capital Alliance targets $750 million private equity fund for businesses

Former Minister of Industry, Trade, and Investment, Okey Enelamah’s African Capital Alliance targets $750 million for its fifth fund to…

Feyisayo Ajayi Feyisayo Ajayi
Bank of Industry
BusinessBankingHot News

IFC earmarks $100 million for Nigeria’s Bank of Industry to expand lending to women-owned businesses

IFC earmarks up to $100 million for Nigeria’s Bank of Industry to expand lending to women-owned businesses and small enterprises.

Feyisayo Ajayi Feyisayo Ajayi
Swedish apparel heavyweight H&M
BusinessCompaniesHot News

Sweden’s H&M hits 30-store milestone in South Africa with Paarl Mall debut

Ricardo Valente da Conceicao, country manager for H&M South Africa, framed the store count as tangible proof of ongoing capital…

Omokolade Ajayi Omokolade Ajayi
Pivot Integrated Energy Services Limited (Pivot), a leading indigenous integrated downstream energy company.
CompaniesBusinessHot News

Pivot Energy redeems N8.25 billion commercial paper ahead of maturity, reinforcing investor confidence

The move marks the downstream energy company's first repayment since entering Nigeria's debt capital market.

Editorial Team Editorial Team
Caxton interim results 2025
BusinessCompaniesHot NewsLatest

Terrence Moolman’s Caxton takes stake worth $6 million in Transpaco as chairman exits

Terrence Moolman's Caxton, acquires more than 8% stake in Transpaco worth $6.21 million as chairman Derek Thomas offloads his 5.79%…

Feyisayo Ajayi Feyisayo Ajayi
Derek John Jefferson Thomas
BusinessExecutivesHot News

Transpaco chair Derek Thomas offloads entire $4.5 million stake in South African packaging firm

Transpaco chairman Derek Thomas has sold his entire indirect 5.79% stake in the South African packaging company for $4.5 million.

Feyisayo Ajayi Feyisayo Ajayi
Vivek Agrawal
BusinessExecutivesHot News

Discovery appoints Principal Financial Group executive Vivek Agrawal to board

Discovery has appointed Principal Financial Group executive Vivek Agrawal as an independent director, adding international financial services expertise.

Feyisayo Ajayi Feyisayo Ajayi
South African business leader Mteto Nyati
BusinessHot News

Eskom Chair Mteto Nyati pledges to curb South Africa’s steep tariff hikes

Eskom chairperson Mteto Nyati said the utility has finished the initial phase of its operational recovery and entered a new…

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
BusinessHot News

Glencore CEO Gary Nagle sees $5 billion trading profit as copper production rises

Glencore expects trading profit to top $5 billion this year as surging African copper production and strong commodity prices offset asset sales.

Femi Otedola First HoldCo stake
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola, Samuel Babatunde Sule’s First HoldCo stake nears $700 million

Femi Otedola and Tunde Hassan-Odukale’s First HoldCo stake nears $700 million as banking stock rally lifts investor wealth on NGX.

Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot NewsMarkets

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

NNPC plans a 10 percent stake sale as Bayo Ojulari pushes ahead with a landmark IPO and potential international listing.

Omokolade Ajayi Omokolade Ajayi
Nedbank
BusinessBankingHot NewsLatest

Nedbank wins 5-year legal battle to claim Mukansi family’s luxury home

Nedbank wins a five-year legal battle over the Mukansi family's Johannesburg home, with occupants ordered to vacate within 30 days.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon’s $600 million railway plan draws interest from Poland
BusinessTechnology

Cameroon’s $600 million railway plan draws interest from Poland

Cameroon is advancing a $600.7 million railway overhaul as Poland explores opportunities in railway equipment, technology and infrastructure development.

Oluwatosin Alao Oluwatosin Alao
Turpaz Industries
BusinessCompaniesHot NewsLuxury

Israel’s Turpaz Industries enters South Africa’s fragrance market with $10.6 million acquisition

Israel’s Turpaz Industries acquires a 70% stake in South Africa’s Sensory FX for $10.6 million, expanding its African fragrance business.

Feyisayo Ajayi Feyisayo Ajayi
Cape Town’s Table View beachfront upgrade
TourismGlobal News

Cape Town’s Table View beachfront upgrade nears festive-season completion

Cape Town’s Table View is getting a $5.2 million beachfront upgrade, with improved beach access and facilities ahead of the 2026 festive season.

Oluwatosin Alao Oluwatosin Alao
Hilton
HospitalityBusinessTourism

Hilton makes Guinea debut with new DoubleTree Hotel in Conakry 

Hilton brings its DoubleTree brand to Guinea with a 196-room Conakry hotel, marking a new step in its West African expansion.

Timilehin Adejumobi Timilehin Adejumobi
ARM's non-executive chairman, Patrice Motsepe.
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola
BusinessBankingBillionairesHot NewsLatest

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest person Aliko Dangote
BusinessBillionairesEnergyHot NewsLatest

Aliko Dangote’s $327 million investment boosts Kenya Pipeline Company’s value by $834 million

Kenya Pipeline Company gains $834 million in market value after Aliko Dangote acquires a 24.76% stake, driving shares to record highs.

Feyisayo Ajayi Feyisayo Ajayi