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Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot NewsMarkets

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

NNPC plans a 10 percent stake sale as Bayo Ojulari pushes ahead with a landmark IPO and potential international listing.

Omokolade Ajayi Omokolade Ajayi
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Devland
BusinessHot NewsMarkets

Devland marks 37 years as Gathoo brothers expand retail empire

Devland marks 37 years in business as Mahomed and Shiraz Gathoo expand South Africa’s grocery retail and wholesale group through acquisitions.

Feyisayo Ajayi Feyisayo Ajayi
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Jens Montanana, Datatec Founder & CEO
BusinessExecutivesMarketsTechnology

South African tycoon Jens Montanana loses $75 million in two weeks from Datatec stake

Jens Montanana's Datatec stake fell $75 million in two weeks as shares dropped after a special dividend from the South African tech group.

Timilehin Adejumobi Timilehin Adejumobi
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Capitec-Bank
BusinessCompaniesHot NewsMarkets

Capitec overtakes Naspers, Gold Fields to become Africa’s most valuable company

Capitec overtakes Naspers and Gold Fields to become Africa’s most valuable listed company, with a market capitalization of $31.65 billion.

Omokolade Ajayi Omokolade Ajayi
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Michael Ade-Ojo Custodian stake
BusinessBillionairesMarkets

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian drops to $60 million

Michael Ade-Ojo's Custodian stake falls to $60 million as shares retreat, despite stronger revenue and profit in H1 2026.

Timilehin Adejumobi Timilehin Adejumobi
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Hassan Allam
BusinessHot NewsLatestMarkets

Hassan Allam’s Grova Developments inks $115 million Oman property deal

Hassan Allam Holding’s Grova Developments has signed $115 million in Oman residential projects with OMRAN Group at Madinat Al Irfan in Muscat.

Feyisayo Ajayi Feyisayo Ajayi
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Glencore ASX Listing
BusinessMarketsMining

Glencore shares begin trading on Australian Stock Exchange

Glencore shares begin trading on the ASX, giving Australian investors new access to the global mining and commodities group.

Timilehin Adejumobi Timilehin Adejumobi
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Nigerian Exchange (NGX)
BusinessHot NewsMarkets

Nigerian stocks outshine South Korean tech as South Africa’s top fund pivots

Allan Gray favors Nigerian equities over Korean tech, tapping a 72 percent rally while warning of micro-cap liquidity traps on the NGX.

Omokolade Ajayi Omokolade Ajayi
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Ecobank CIBS
BusinessGlobal NewsHot NewsLatestMarkets

Ecobank joins Africa’s yuan-clearing race 102 days after Standard Bank

Ecobank has signed a CIPS agreement to expand yuan payment services across Africa, following Standard Bank’s entry into renminbi clearing.

Feyisayo Ajayi Feyisayo Ajayi
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