Omokolade Ajayi

603 Articles
Nigerian energy veteran Layi Fatona.
Hot NewsBusiness

Nigerian energy veteran Layi Fatona named ND Western chair amid upstream expansion plans

Layi Fatona has been named chairman of ND Western, reinforcing the company’s upstream oil and gas expansion strategy as it strengthens production and asset growth in Nigeria.

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Egyptian billionaire Naguib Sawiris.
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Egyptian billionaire Naguib Sawiris’ net worth rises nearly $1 billion as gold fuels gains

Naguib Sawiris’ wealth has climbed by nearly $1 billion this year, reaching about $11.6 billion as surging gold prices boost his mining-linked investments.

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Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
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SPAR Group posts weaker-than-expected first-half earnings on margin pressure

SPAR Group posts weaker-than-expected first-half earnings as margin pressure, impairments and promotions weigh on results in Southern Africa.

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South African pharmacy retailer Dis-Chem Pharmacies.
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Dis-Chem revenue climbs 9% to $2.64 billion on retail and wholesale growth

Dis-Chem revenue rises 9% to $2.64 billion as retail and wholesale growth, store expansion and healthcare investments lift performance.

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Adegbite Falade, Managing Director and Chief Executive Officer of Aradel Holdings.
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Rising Aradel share price pushes CEO Adegbite Falade’s stake close to $15 million

Aradel CEO Adegbite Falade’s stake climbs toward $15 million as shares gain one hundred seventy percent on Nigerian Exchange.

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MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusinessTechnology

MTN tax contribution rises to $3.76 billion in 2025 across key markets

MTN Group paid $3.76 billion in taxes across 16 markets in 2025, reflecting its expanding fiscal contribution in Africa and the Middle East.

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Hot NewsBillionairesBusiness

EU antitrust pressure cuts South African billionaire Koos Bekker’s fortune by $100 million

Koos Bekker loses $100 million in net worth as Prosus battles EU antitrust demands over its Delivery Hero holding and portfolio reshaping.

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CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
Hot NewsBusiness

Mauritius-based CIEL Group posts $652 million revenue in 9M 2026

CIEL Group posts $652.8 million revenue for 9M 2026 as hotels, healthcare and finance offset weaker textiles performance.

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Africa’s richest man, Aliko Dangote.
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Nigerian billionaire Aliko Dangote gains N8.4 trillion from Dangote Cement shares

Aliko Dangote’s stake in Dangote Cement gains N8.4 trillion as share rally strengthens his position as Africa’s richest man.

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Sim Tshabalala, CEO of Standard Bank Group.
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South African executive Sim Tshabalala nears $15 million Standard Bank stake

Standard Bank CEO Sim Tshabalala’s stake rises toward $15 million as shares climb and earnings strengthen in 2025.

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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
Hot NewsBillionairesBusiness

I&M Group reports $38.9 million Q1 2026 profit; assets rise to $5.73 billion

I&M Group reports $38.9 million Q1 2026 profit, with total assets rising to $5.73 billion on stronger lending and income growth across East Africa.

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Beninese-Gabonese oil mogul Samuel Dossou-Aworet.
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Beninese-Gabonese oil mogul Samuel Dossou-Aworet’s Aradel stake nears $500 million as shares rally on NGX

Samuel Dossou-Aworet’s Aradel stake nears $500 million as shares rally on the Nigerian Exchange driven by strong earnings and rising valuation.

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