BusinessHot News

Lighthouse advances $121 million refinancing ahead of 2027 debt maturity

Lighthouse moves early to refinance $121 million debt tied to French retail assets ahead of 2027 maturity, citing strong lender interest.

Feyisayo Ajayi Feyisayo Ajayi
Shell
BusinessHot News

Nigeria’s oil contractors get $3 billion boost from Shell and banks

Nigeria Oil Contractor Finance Facility gains a $3 billion boost from Shell and banks to accelerate offshore projects.

Timilehin Adejumobi Timilehin Adejumobi
Ikeja Hotels dividend Otudeko
Hot NewsBusiness

Nigerian businessman Oba Otudeko eyes N137 million Ikeja Hotels dividend, after becoming second biggest investor

Oba Otudeko to earn N137.4 million Ikeja Hotels dividend after acquiring 14.12% stake, qualifying for dual-year payouts.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

From builder to harvester: Inside Zeder’s more than half a billion dollar agribusiness exit strategy

Zeder exits agribusiness assets, unlocking over $675 million as it shifts from building to capital return strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Jaffer empire Mombasa
BusinessHot News

Mohammed Jaffer’s empire: Power, controversy, making of modern Mombasa

Mohammed Jaffer’s empire shapes Mombasa’s economy, blending infrastructure gains with rising scrutiny over dominance, fuel scandal, and influence.

Feyisayo Ajayi Feyisayo Ajayi
Hot News

Lighthouse Properties flags strong retail momentum ahead of H1 2026 results

Lighthouse Properties reports strong retail momentum, with rising sales, low vacancies and robust leasing ahead of H1 2026 results.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopian Airlines & Lyon
BusinessTourism

Ethiopian Airlines adds Lyon route as third French destination    

Ethiopian Airlines Lyon route expands France network with three weekly flights, boosting trade, travel, Europe-Africa links.

Timilehin Adejumobi Timilehin Adejumobi
Protea Hotel Kampala
LuxuryHot News

Protea Hotel Kampala: Uganda’s business luxury landmark

Discover Protea Hotel Kampala, Uganda’s premier business luxury hotel for conferences, executive stays and events.

Timilehin Adejumobi Timilehin Adejumobi
Tanzania-US Health Deal
Global NewsHot News

United States backs Tanzania with $1.3 billion health deal

US-Tanzania $1.3 billion health deal boosts hospitals, disease surveillance and healthcare investment in East Africa.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Dangote, Congo National Oil Company
BusinessHot News

Dangote, Congo Oil Company explore refining partnership 

Dangote Congo oil partnership discussions deepen as SNPC and Dangote refine plans to boost fuel supply, energy security, and industrial growth.

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

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Nigeria's NNPC revenue fell to $3.15 billion in May as reservoir pressures and export limits squeezed earnings despite steady oil output.

Omokolade Ajayi Omokolade Ajayi