Tag: Business

BusinessHot News

Nigeria’s FCMB limits exposure in fraud attempt

FCMB blocks N2.4 billion ($1.73 million) in fraud attempt, limiting exposure as Nigeria strengthens digital banking security.

Omokolade Ajayi Omokolade Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessHot News

Nigeria’s richest woman, Folorunso Alakija, unveils $1 million grant for women

Nigeria’s richest woman, Folorunso Alakija, launches $1 million grant to support women entrepreneurs with training and funding.

Omokolade Ajayi Omokolade Ajayi
Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
BusinessExclusiveHot News

Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

Malawian billionaire Hitesh Anadkat sees $297 million drop in FMB Capital stake after $1.69 billion gain in 2025.

Omokolade Ajayi Omokolade Ajayi
Kenya Airways airline operations during 2025 financial results period.
BusinessHot News

Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

Kenya Airways posts $132 million 2025 loss as aircraft shortages cut capacity, revenue and key Africa routes.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zenith Bank hits $3.3 billion market cap under Adaora Umeoji as Nigeria’s most valuable bank

Zenith Bank reaches $3.3 billion market cap under Adaora Umeoji, becoming Nigeria’s most valuable bank with global expansion plans.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

Omokolade Ajayi Omokolade Ajayi
SPAR moves to rebuild revenue
BusinessHot News

South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s largest insurer, Sanlam, bets on India to drive future growth

Sanlam, Africa's largest insurer, bets on India as a major growth engine, aiming to surpass South Africa in future earnings.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian Breweries partners to launch food-grade rPET facility in Ogun State

Nigerian Breweries joins partners to launch food-grade rPET facility in Ogun State, advancing recycling and sustainability in Nigeria.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zimbabwe’s richest man Strive Masiyiwa gains $900 million; hits $2.2 billion

Strive Masiyiwa gains $900 million, pushing his net worth to $2.2 billion as telecom and tech investments strengthen his business empire.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Patrice Motsepe’s net worth drops below $4 billion

South African billionaire Patrice Motsepe’s net worth falls below $4 billion after a $400 million slide tied to declines in key mining stocks.

Omokolade Ajayi Omokolade Ajayi
BusinessExclusive

Auwalu Abdullahi Rano: The oil mogul behind Nigeria’s first unmanned fuel stations

Auwalu Abdullahi Rano, the oil tycoon behind Nigeria’s first unmanned fuel stations, introduces 24/7 self-service refueling with digital controls.

Omokolade Ajayi Omokolade Ajayi