Omokolade Ajayi

603 Articles
Nigeria’s state-owned oil company, NNPC.
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Nigeria’s state-owned NNPC posts $351 million profit on higher oil output, gas projects in April

NNPC profit rises to N481 billion ($351 million) in April 2026 as crude output, gas projects and revenue climb sharply.

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South African packaged foods giant Tiger Brands Limited.
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South Africa’s Tiger Brands reports $1.1 billion H1 revenue on volume growth

Tiger Brands reports $1.1 billion revenue as operating income rises 26.1 percent, driven by volume growth, margin gains, and efficiency improvements.

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Kenyan tycoon Ngugi Kiuna.
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Heineken seeks to block $1.8 million interest award in decade-long battle with Kenyan tycoon Ngugi Kiuna

Heineken appeals a $1.8 million interest ruling in its long-running Kenya dispute with tycoon Ngugi Kiuna’s Maxam Ltd.

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Nigerian fintech company Paystack.
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Following move to close $32 billion financing gap Paystack launches AI dashboard for SMEs

Paystack launches an AI dashboard helping merchants analyze data and manage finances as it targets a $32 billion small business funding gap.

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Nigerian billionaire Abdul Samad Rabiu.
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After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

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Kenya's President William Ruto.
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Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

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Nigerian businessman and GTBank co-founder, Fola Adeola.
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GTBank co-founder Fola Adeola’s Aradel stake climbs to $337 million

Fola Adeola’s Aradel stake rises to $337.8 million as strong share rally and oil gains boost investor returns.

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Komati Power Station-in South Africa.
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South Africa may extend coal plants as gas delays slow power transition

South Africa considers extending coal plant life as gas project delays threaten its shift to cleaner power generation.

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Nigerian billionaire Adebayo Ogunlesi.
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Over a year after Nigerian billionaire Ogunlesi joins board OpenAI weighs $1tn IPO with Citi, JPMorgan as advisers

OpenAI weighs a potential initial public offering near 1 trillion dollar valuation with Citi and JPMorgan as advisers.

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South African property investment company Putprop Limited.
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Putprop agrees to sell Gauteng properties for $10.3 million in portfolio shift

Putprop agrees to sell Mamelodi Square and Dobsonville assets in Gauteng for $10.3 million, advancing portfolio rebalancing strategy.

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Malagasy businessman Hassanein Hiridjee.
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Hassanein Hiridjee elected to Jumia’s supervisory board barely one year after emerging as largest shareholder

Hassanein Hiridjee joins Jumia’s Supervisory Board barely one year after Axian Group increased its stake to 9.97 percent, strengthening governance at Africa’s e-commerce platform.

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Mauritius-based conglomerate Alteo Limited.
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Mauritius-based Alteo reports nine-month revenue above $70 million, assets top $500 million

Its profit, however, declined as gains in agriculture and real estate were offset by weaker energy revenue and lower margins, resulting in a decline in earnings.

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