Omokolade Ajayi

776 Articles
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu loses $906 million in 24 hours as BUA Cement shares slide

Abdul Samad Rabiu loses $906 million as BUA Cement shares fall, trimming gains after a strong rally and record dividend payout.

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Telkom SA SOC Limited.
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Telkom SA revenue grows to $2.74 billion on consumer demand strength

Telkom SA posts higher revenue to R44.48 billion ($2.74 billion), driven by strong data demand, consumer growth, and improved efficiency.

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South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back.
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South Africa gasoline prices hit record with relief rollback

South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back amid Middle East conflict and rising global oil costs.

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African electric mobility company Spiro.
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African electric mobility firm Spiro raises $215 million, nears $1 billion valuation

Spiro raises $215 million, nears a $1 billion valuation, and expands electric motorcycle and battery-swapping operations across Africa.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s mega refinery targets 130 crude grades ahead of $50 billion IPO

Dangote Refinery targets 130 crude grades as it expands capacity ahead of a planned $50 billion IPO.

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Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

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.
TechnologyBusinessHot News

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.
LuxuryBillionairesBusinessHot News

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.
Hot NewsBusiness

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.
Hot NewsBusinessExclusive

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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