Omokolade Ajayi

373 Articles
Aliko Dangote, president of Dangote Group
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Africa turns to Aliko Dangote’s $20 billion refinery as Middle East crisis deepens

Africa turns to Aliko Dangote’s 20 billion refinery as fuel risks rise amid Middle East tensions, with countries seeking more reliable supply options.

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Adaora Umeoji, CEO of Zenith Bank, leading Nigeria’s most valuable bank.
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Zenith Bank hits $3.3 billion market cap under Adaora Umeoji as Nigeria’s most valuable bank

Zenith Bank reaches $3.3 billion market cap under Adaora Umeoji, becoming Nigeria’s most valuable bank with global expansion plans.

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South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

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SPAR moves to rebuild revenue
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South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

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Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Nigeria’s plan to settle energy debt could strengthen Transcorp, improving operations and funding growth in power and energy infrastructure.

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Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

Ibrahim Mahama bids to take control of Ghana’s Damang gold mine, backed by a $205 million loan to expand operations.

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South Africa’s Vukile buys $202 million stake in Barcelona mall

Vukile acquires a $202 million stake in Barcelona’s Splau mall, partnering with Unibail-Rodamco-Westfield to grow in Spain.

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Nigerian monarch Lamido Sanusi, the Emir of Kano, takes home N442 million from MTN

Lamido Sanusi, Emir of Kano, received N442 million from MTN in 2025 as the telecom firm posted a recovery in key African markets.

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South Africa’s Woolworths to buy $300 million convenience foods supplier, in2food

Woolworths to acquire in2food, boosting premium food supply, supply chain efficiency, and innovation under its existing management.

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MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

MTN Group posts $2.81 billion profit; CEO Ralph Mupita takes home $4.1 million in 2025 compensation.

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Nigeria’s inflation eases to 15.06% in February but monthly pressures rise

Nigeria’s inflation eased to 15.06% in February, but monthly price pressures intensified for households.

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Shoprite enters community banking through R&A Cellular acquisition

Shoprite acquires R&A Cellular to expand digital payments and financial services through local spaza shops.

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