Tag: Nigeria

San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Nigeria’s antitrust watchdog launches an inquiry into Uber’s sudden exit after 12 years, targeting unpaid balances, driver earnings, and lost fares.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

Africa’s richest man, Aliko Dangote, cleared to raise $1.6 billion in landmark IPO

Dangote Refinery has received SEC approval for an IPO that could raise $1.63 billion, valuing the 650,000-barrel-a-day facility at $47 billion.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

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

Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Nigeria’s refining output grew 44 percent in Q2 2026 as Aliko Dangote’s $20 billion facility drove historic domestic processing records.

Omokolade Ajayi Omokolade Ajayi
Globacom: 23 years of powering unlimited possibilities
TechnologyBusinessHot News

Globacom at 23: From Expensive SIM Cards to Mass Connectivity

Globacom marks 23 years, from costly SIM cards to nationwide connectivity, broadband expansion and AI-powered services.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
Hot NewsBusiness

Aliko Dangote plans cargo fleet to bypass costly African border taxes

Aliko Dangote plans to acquire a cargo ship fleet to bypass high cross-border road taxes and move industrial exports across West and Central Africa.

Omokolade Ajayi Omokolade Ajayi
Linda Quaynor
BusinessHot News

Linda Quaynor takes charge as UBA Ghana’s first female board chair

Linda Quaynor becomes UBA Ghana’s first female board chair after more than 25 years in consulting and financial services.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessBillionairesHot News

Aliko Dangote’s refinery sets record as Nigerian fuel exports to Europe rise 767%

Aliko Dangote’s refinery drives a 767% jump in Nigerian fuel shipments to Europe as the company plans a $17 billion expansion in Kenya.

Omokolade Ajayi Omokolade Ajayi
Hakeem Belo-Osagie
BusinessExclusiveHot News

Hakeem Belo-Osagie: Nigerian tycoon who ranked among Africa’s richest with a $600 million fortune in 2014

Hakeem Belo-Osagie built a diverse business empire across banking, energy, technology and real estate, with a $600 million fortune in 2014.

Omokolade Ajayi Omokolade Ajayi
The Central Bank of Nigeria.
BusinessHot News

Nigeria’s foreign reserves surge past $52 billion, easing naira pressure

Nigeria’s foreign exchange reserves climbed to $52.66 billion as crude receipts and portfolio inflows eased pressure on the naira.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola adds $9.3 million in First HoldCo shares, targets 51%

Femi Otedola buys $9.33 million in First HoldCo shares, raising his stake to 26.6 percent as he targets 51 percent ownership.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil mogul Wale Tinubu
Hot NewsBusinessExclusive

Oando’s assets near $6 billion as Nigerian oil mogul Wale Tinubu drives growth

Oando’s total assets have risen to $5.84 billion as Wale Tinubu expands the company’s upstream oil portfolio.

Omokolade Ajayi Omokolade Ajayi