Tag: Business

Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot NewsBusiness

Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesBusinessHot News

Alex Karp set to become first US Black billionaire worth $20 billion as Palantir shares surge

Palantir CEO Alex Karp’s fortune has climbed above $19 billion as the company’s shares surge, putting him within reach of $20 billion.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based Cim Finance.
BusinessHot News

Mauritius-based Cim Finance profit holds at $18.9 million despite higher impairments

Cim Finance posted $18.9 million profit as lending growth and higher revenue offset rising impairment losses in nine months.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Uganda’s half-year profit rises 37.7% to $99 million on data, fintech growth

MTN Uganda’s profit rose 37.7% to $99 million in the first half of 2026, driven by growth in data, fintech revenue and its customer base.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.5 billion as fortune reaches $21.5 billion

Johann Rupert gains $1.5 billion in four weeks as his fortune reaches $21.5 billion, boosted by gains in Richemont shares.

Omokolade Ajayi Omokolade Ajayi
American pop star Beyoncé.
BusinessHot News

Beyoncé takes full control of her whisky brand, SirDavis, after LVMH sells stake

Beyoncé has taken full control of SirDavis after LVMH sold its stake in the whisky brand less than two years after its launch.

Omokolade Ajayi Omokolade Ajayi
Shameel Joosub
BusinessHot News

Vodacom CEO Shameel Joosub’s pay jumps 75 percent to $8.5 million

Vodacom CEO Shameel Joosub’s pay rose 75.3 percent to $8.5 million, driven by a 196.8 percent increase in long-term incentives.

Omokolade Ajayi Omokolade Ajayi
Elon Musk
TechnologyBusinessHot News

Elon Musk’s net worth tops $800 billion again as SpaceX shares jump 15.8%

Elon Musk’s fortune rises above $800 billion as SpaceX shares jump 15.8 percent, lifting its market value to $1.75 trillion.

Omokolade Ajayi Omokolade Ajayi
Globacom
TechnologyBusinessHot News

Glo leads Nigeria’s telecom market with 1.2 million new internet subscribers in May

Globacom led Nigeria’s telecom operators in May, adding 1.2 million internet subscribers as the country’s total user base rose to 157 million.

Omokolade Ajayi Omokolade Ajayi
Chakib Alj
BusinessBillionairesHot News

Chakib Alj completes Forafric deal as food empire expands across Morocco

Chakib Alj completes Forafric Maroc takeover, expanding Cap Holding’s food business across Morocco’s flour, pasta and couscous market.

Omokolade Ajayi Omokolade Ajayi
South African executive Raisibe Morathi
Hot NewsBusiness

South African executive Raisibe Morathi’s pay climbs to $4.25 million at Vodacom

Vodacom CFO Raisibe Morathi's FY2026 pay doubled to $4.25 million, driven by strong earnings and $2.55 million in long-term incentive awards.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

Kenyan banker John Gachora leads NCBA Group to $95.8 million half-year profit

NCBA Group led by John Gachora reports a $95.8 million half-year profit as digital loans soar, lifting interim dividend payouts by 50 percent.

Omokolade Ajayi Omokolade Ajayi