Tag: Featured

Zenith Bank, Nigeria’s most profitable lender.
BusinessHot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Omokolade Ajayi Omokolade Ajayi
Customer making a payment with Lucky card and POS terminal in Egypt.
Hot NewsTechnology

Egypt’s fintech Lucky raises $23 million, eyes North Africa expansion

Egypt fintech Lucky raises $23 million to expand into North Africa, scale consumer credit, and invest in technology and infrastructure.

Omokolade Ajayi Omokolade Ajayi
Remgro executive share awards
BusinessHot News

Remgro awards $8.1 million shares to executives in performance-linked pay plan

Remgro grants $8.1 million in performance-linked shares to executives, aligning pay with long-term shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
FirstRand UK motor finance provision
BusinessHot News

FirstRand raises UK motor finance provision to $997.2 million on FCA rules

FirstRand raises UK motor finance provision to £750 million ($997.2 million) as FCA redress rules drive higher costs and regulatory pressure.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

South African billionaire Patrice Motsepe gains $200 million as ARM shares rise, boosting his net worth to $3.9 billion ahead of dividend payout.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and banker Jim Ovia.
BusinessHot News

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial growth.

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s $250 million skilled trades initiative
BusinessGlobal NewsHot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

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

Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

Petrol and fertiliser exports from Lagos-based Dangote Refinery rise as global disruptions push African energy costs higher.

Omokolade Ajayi Omokolade Ajayi
South Africa gambling spending
BusinessEntertainmentHot News

South Africa’s actual gambling spend hits $4.4 billion, not $88.8 billion as claimed

South Africa’s gambling spend reached R74.5 billion ($4.4 billion) in 2024, far below the R1.5 trillion ($88.8 billion) turnover figure often misreported.

Feyisayo Ajayi Feyisayo Ajayi
Samuel Dossou-Aworet
BusinessExclusiveHot News

Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Samuel Dossou-Aworet’s oil stakes surge to $907 million, putting Gabon on the verge of gaining its first dollar billionaire as energy stocks rally.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and banker Jim Ovia.
BusinessHot News

Nigeria’s Zenith Bank posts $754 million profit in 2025

Zenith Bank posts $754 million profit in 2025 under Jim Ovia, showing resilience despite earnings pressure and rising costs.

Feyisayo Ajayi Feyisayo Ajayi