NNPC
BusinessHot News

Nigeria’s NNPC seeks bids for new Cawthorne oil grade launch

NNPC launches Cawthorne Crude, expanding Nigeria's premium oil exports and boosting foreign exchange earnings.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Indimi
BusinessHot News

Nigerian oil tycoon Mohammed Indimi bags N1.4 billion in 2025 dividend payout

Mohammed Indimi earns N1.44 billion ($1.05 million) from Jaiz Bank dividend after strong 2025 earnings and shareholder-approved payout.

Feyisayo Ajayi Feyisayo Ajayi
Egypt taps China’s Sany for first wind turbine plan
TechnologyBusinessHot News

Egypt taps China’s Sany for first wind turbine plant to drive African grid

Egypt taps Sany for a new wind turbine plant to cut imports and export clean energy infrastructure across Africa and the Middle East.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

A 10 percent plunge in Dangote Cement shares drove a $2.64 billion market loss, marking the sharpest one-day drop for Nigerian equities in 2026.

Omokolade Ajayi Omokolade Ajayi
WeLight's agent and customer
TechnologyBusinessHot News

Africa’s biggest solar mini-grid operator WeLight lands $31 million IFC-backed deal

IFC acquires a stake in WeLight, providing $31 million to accelerate solar mini-grid expansion across Nigeria and the DRC.

Omokolade Ajayi Omokolade Ajayi
South African executive Nishlan Samujh.
Hot NewsBusiness

South African executive Nishlan Samujh’s pay package declines to $2.3 million at Investec

Nishlan Samujh's remuneration at Investec fell to $2.3 million in fiscal 2026 as lower incentive awards and revised executive pay policies reduced total compensation.

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
Hot NewsBusiness

FirstRand says $1 billion UK redress charge to cut annual earnings

FirstRand faces a $1.02 billion UK provision hit, but robust banking growth across South Africa and broader African markets keeps core earnings resilient.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

Abdul Samad Rabiu lost $1.02 billion after a wave of selling on the NGX erased $2.64 billion in market value, marking the exchange's sharpest daily decline of 2026.

Omokolade Ajayi Omokolade Ajayi
ONOMO Hotel Johannesburg Sandton
TourismBusiness

ONOMO Sandton merges eco-chic design with digital comfort

ONOMO Hotel Sandton offers modern, eco-friendly stays in Johannesburg’s business hub near key landmarks and convention centers.

Oluwatosin Alao Oluwatosin Alao
Morocco berry farm expansion
BusinessHot News

Elite Agro invests $136 million in Morocco berry expansion, adding seventh farm

Elite Agro invests $136 million in Morocco berry expansion, opening a seventh farm to boost output and strengthen global export supply.

Feyisayo Ajayi Feyisayo Ajayi