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Remgro executive share awards
Featured

Remgro awards $8.1 million shares to executives in performance-linked pay plan

Remgro grants $8.1 million in performance-linked shares to executives, aligning pay with long-term shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
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FirstRand UK motor finance provision
Featured

FirstRand raises UK motor finance provision to $997.2 million on FCA rules

FirstRand raises UK motor finance provision to £750 million ($997.2 million) as FCA redress rules drive higher costs and regulatory pressure.

Feyisayo Ajayi Feyisayo Ajayi
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South African billionaire Patrice Motsepe.
African Rainbow Minerals

South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

South African billionaire Patrice Motsepe gains $200 million as ARM shares rise, boosting his net worth to $3.9 billion ahead of dividend payout.

Omokolade Ajayi Omokolade Ajayi
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FCMB

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
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Nigerian businessman and banker Jim Ovia.
Featured

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial growth.

Feyisayo Ajayi Feyisayo Ajayi
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Lowe’s $250 million skilled trades initiative
Featured

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
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Dangote refinery fuel price increase
African Countries

Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

Petrol and fertiliser exports from Lagos-based Dangote Refinery rise as global disruptions push African energy costs higher.

Omokolade Ajayi Omokolade Ajayi
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South Africa gambling spending
Featured

South Africa’s actual gambling spend hits $4.4 billion, not $88.8 billion as claimed

South Africa’s gambling spend reached R74.5 billion ($4.4 billion) in 2024, far below the R1.5 trillion ($88.8 billion) turnover figure often misreported.

Feyisayo Ajayi Feyisayo Ajayi
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AFREXIM-BANK-BUILDING
Afreximbank plan

Afreximbank unveils $10 billion plan to shield Africa from Mideast crisis

Afreximbank approves $10 billion in support to shore up FX liquidity and critical imports across vulnerable African markets.

Timilehin Adejumobi Timilehin Adejumobi
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