Tag: Business

Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

BUA Foods brings back branded BUA Rice to boost domestic supply after the rice division generated $11 million in the first quarter of 2026.

Omokolade Ajayi Omokolade Ajayi
Dr. Awele Vivien Elumelu.
ExclusiveBusinessHot News

Dr. Awele Elumelu: Physician behind Nigeria’s top HMO and $1.6 billion hospitality giant

Dr. Awele Elumelu, the physician leading a $1.67 billion hospitality giant and Nigeria’s most trusted health maintenance organization.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Modupe Kadri.
Hot NewsBusiness

After 3-day spree, MTN Nigeria CFO Modupe Kadri boosts stake to $1.72 million

MTN Nigeria CFO Modupe Kadri boosts his stake to $1.72 million after a three-day, N1.26 billion buying streak on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Aradel profit jumps to $555 million as gas, oil acquisitions pay off

Aradel Holdings' profit hit $555.7 million in 2025 as production gains and strategic upstream acquisitions drove growth.

Omokolade Ajayi Omokolade Ajayi
Lithium
Hot NewsBusiness

Nigeria wins $3 billion in mining investments as Africa halts cheap raw exports

Nigeria secures $3 billion in mining investments as African nations halt cheap raw exports to focus on local processing.

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
Hot NewsBusiness

Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

Conoil posts N3.89 billion ($2.9 million) Q1 2026 profit as cost cuts offset revenue decline and strengthen margins.

Omokolade Ajayi Omokolade Ajayi
Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
Hot NewsBusiness

Mauritius-based Harel Mallac steers recovery as turnaround efforts lift revenue to $72.5 million

Port Louis-based diversified conglomerate Harel Mallac returns to operating profit as turnaround efforts lift revenue to $72.5 million.

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

Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

Dangote Petroleum Refinery is valued at $39.1 billion in a private placement aiming to raise about $1 billion in fresh capital.

Omokolade Ajayi Omokolade Ajayi
NERC headquarters building in Abuja’s Central Business District, Nigeria’s capital administrative district.
Hot NewsBusiness

Nigeria’s power sector bleeds $230 million over unpaid energy bills in Q1 2026

Nigeria’s power distributors lost $230 million in Q1 2026 as unbilled electricity, unpaid customer debts, and power theft deepened sector losses.

Omokolade Ajayi Omokolade Ajayi
South African packaged foods giant Tiger Brands Limited.
Hot NewsBusiness

Tiger Brands boosts solar rollout across seven plants as energy costs rise

Tiger Brands expands solar power across seven factories in South Africa to cut costs, reduce grid dependence, and boost renewable energy use toward 2030 targets.

Omokolade Ajayi Omokolade Ajayi
Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey estimates despite a sharp drop in consumer spending and rising fuel costs.

Omokolade Ajayi Omokolade Ajayi
TechnologyBillionairesBusinessHot News

Google’s $30 billion deal strengthens case for Elon Musk’s SpaceX $1.77 trillion IPO

Google’s $30 billion SpaceX deal validates the metrics for Elon Musk's upcoming $1.77 trillion IPO.

Omokolade Ajayi Omokolade Ajayi