Tag: Featured

Seplat
BusinessHot News

Seplat Energy to sell 10% stake in NNPCL joint venture for $281.6 million

Seplat Energy signs $281.6 million deal to sell 10% stake in NNPCL joint venture, targeting debt reduction and enhanced shareholder returns.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian executive Owen Omogiafo
BusinessBillionairesHot News

Nigerian executive Owen Omogiafo buys 1.9 million shares of Transcorp Group

Transcorp CEO Owen Omogiafo bought 1.9 million shares, increasing her stake as the group expands its assets and earnings.

Omokolade Ajayi Omokolade Ajayi
Ethiopian Airlines Group.
Hot NewsBusiness

Africa’s top carrier, Ethiopian Airlines, hits $9.1 billion revenue as passenger traffic jumps

Ethiopian Airlines reported $9.1 billion in annual revenue, driven by passenger growth, cargo demand and expansion despite higher costs.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

Africa’s first Black billionaire, Patrice Motsepe, loses $1 billion in stock slump

Patrice Motsepe’s net worth fell from $4.4 billion to $3.4 billion due to a steep mining stock decline, sliding his position on South Africa’s rich list.

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank processes $1.2 billion in Yuan payments as Africa-China trade surges

Standard Bank processed $1.2 billion in yuan via CIPS, signaling rising Africa-China trade and reduced reliance on dollar settlements.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

Aliko Dangote-backed Nascon posts $14.4 million half-year profit as stronger margins and lower finance costs lift earnings.

Omokolade Ajayi Omokolade Ajayi
Catherine Nwosu
Hot NewsBusiness

Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

With H1 2026 gross earnings up 27 percent to $3.1 million, Africa Prudential reinforces its shift toward recurring digital business solutions.

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
BusinessHot News

Putprop secures extension to finalize two major property sales

Putprop wins JSE extension to finalize circular for major property deals, delaying shareholder document to Aug. 21, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
BusinessHot News

Peter Ashade-led United Capital grows half-year profit to $15.5 million, declares interim dividend

United Capital's half-year profit rose to $15.5 million as the firm declared an interim dividend after stronger earnings.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Othman Benjelloun
BusinessBillionairesHot News

Moroccan billionaire Othman Benjelloun’s Bank of Africa seals deal to expand funding across Africa

Bank of Africa partners with Italy's SACE to unlock major European capital for energy and infrastructure projects across the African continent.

Omokolade Ajayi Omokolade Ajayi
MTN mobile money separation Ghana
BusinessHot News

Clydestone Ghana sues MTN over Mobile Money intellectual property misuse

Clydestone Ghana sues MTN entities, alleging unauthorized use of proprietary mobile money IP and frameworks developed since 2007.

Feyisayo Ajayi Feyisayo Ajayi
ArcelorMittal South Africa is located at Delfos Boulevard in Vanderbijlpark, South Africa
BusinessHot News

ArcelorMittal South Africa flags deeper losses in H1 2026 update

ArcelorMittal South Africa warns of deeper H1 2026 losses as EPS and HEPS decline sharply amid weak demand and persistent steel market pressures.

Feyisayo Ajayi Feyisayo Ajayi