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28 Articles

Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The figures mark a sharp increase from 2024, when fraud exposure stood at N255.9 million ($188,000), with losses limited to N29.4 million ($21,500).

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FCMB Capital Markets leads FMDQ Sponsors’ league table in 2025 with $1.1 billion raised

FCMB Capital Markets tops FMDQ league, raising $1.1 billion in corporate debt through bonds and commercial papers in 2025.

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UBA, NiDCOM deepen collaboration to boost diaspora investment in Nigeria

UBA and NiDCOM strengthen ties to channel diaspora investment, offering Africans abroad seamless access to Nigeria’s growth opportunities.

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Reno Omokri and Femi Fani-Kayode: A tale of two shameless friends

Aare Dele Momodu slams critics, and rejects Femi and Reno’s attacks, citing their lack of credibility and professionalism.

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Nigeria’s Zedvance targets $185 million in business loans by 2026

Zedvance targets $185 million in business loans by 2026 to boost Nigerian SMEs and expand credit access.

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Lihaxa is rethinking health emergencies and out-of-pocket surprises

Lihaxa is building an AI-powered virtual clinic that tackles health emergencies, hidden costs, and care access gaps across underserved markets.

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Why Tswalu stands out as South Africa’s largest private safari reserve

Set in the southern Kalahari, Tswalu blends scale, restraint and conservation to redefine private safari travel in South Africa.

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Patient investors in this Church-founded Tanzanian bank have nearly tripled their money since early 2026

Shares of church-founded Maendeleo Bank Plc have surged nearly 180 percent since early 2026, tripling returns for patient investors in Tanzania.

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Tony Elumelu joins Seplat Energy board, eyes chairmanship

Tony Elumelu joins Seplat’s board after $500 million stake deal, setting stage for chairmanship at Nigeria’s leading indigenous energy producer.

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Recapitalization explained—where Access, FCMB and others fit

Nigeria’s biggest banks are racing to lock in their future as new recapitalisation rules redraw the country’s financial map, separating lenders with regional ambitions from those positioning for global reach.

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Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique and others

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique, and across sub-Saharan Africa.

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SLB Young Creators Program empowers Nigerian students to innovate through STEM

SLB and STEMCafe conclude yearlong program showcasing Nigerian students’ STEM innovations, prototypes and skills built through hands-on learning.

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