Omokolade Ajayi

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

MTN Nigeria’s Q1 2026 profit nearly triples to $258 million on data demand surge

MTN Nigeria's Q1 2026 profit nearly triples to $258 million as data demand, revenue and network investment drive strong growth.

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Nigerian billionaire businessman Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu’s Seplat stake tops $1 billion on share rally

Tony Elumelu’s Seplat stake tops $1 billion as shares surge, boosting valuation and reinforcing his influence in Africa’s energy sector.

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Nigerian billionaire Abdul Samad Rabiu
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion ($1.95 billion) in a week as BUA Cement shares rally on strong earnings.

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Hot NewsBusiness

Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy profit rises to $37.9 million in first quarter 2026 as higher oil prices and stronger output lift revenue to $840.7 million.

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Hot NewsBillionairesBusiness

South African billionaire Koos Bekker hit by $500 million loss in share slide

The drop follows a steady slide in the shares of Naspers and its Amsterdam-listed unit Prosus, two companies central to his fortune.

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GTCO logo represented as a modular corporate structure highlighting its diversified financial services group.
Hot NewsBusiness

GTCO’s Q1 profit slips to $158 million as valuation losses, higher taxes weigh on earnings

GTCO reports first-quarter profit of $158.6 million as valuation losses and higher taxes weigh on earnings despite revenue growth.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026

Dangote Cement posts $233 million profit in Q1 2026, driven by stronger sales, higher volumes and cost control.

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Nigerian billionaire Abdul Samad Rabiu
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $103 million Q1 profit

BUA Foods posts $103 million Q1 profit as Abdul Samad Rabiu’s group cuts costs, offsets weaker sales, and strengthens margins.

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Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
BusinessHot News

Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

Absa Group paid Kenny Fihla a $7.62 million package in 2025, driven by buyout awards and incentives following his move from Standard Bank.

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KoBold Metals’ Quebec exploration site, part of its North American push into lithium and nickel critical minerals for global energy transition supply chains.
BusinessHot News

Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

KoBold Metals starts Zambia’s $2.5 billion Mingomba copper mine after expanding into Congo lithium with a $50 million investment.

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Nigerian billionaire businessman Tony Elumelu.
Hot NewsBusiness

Tony Elumelu’s Transcorp posts Q1 profit above $27 million on hospitality gains

Transcorp, led by Tony Elumelu, posts N37.9 billion ($27.6 million) Q1 profit, with hospitality gains offsetting weaker power revenue.

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Indian billionaire Sunil Bharti Mittal.
TechnologyBusinessHot News

Indian billionaire Sunil Bharti Mittal’s final corporate move sets up $2B Airtel Money IPO

Airtel Africa, led by Sunil Bharti Mittal, plans Airtel Money IPO that could raise up to $2 billion amid a 2026 leadership transition.

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