Tag: Nigeria

Gas Pipeline
BusinessHot News

Nigeria, Morocco advance $25 billion Atlantic gas pipeline deal

Nigeria and Morocco move toward a 2026 deal on the $25 billion Atlantic gas pipeline linking West Africa to Europe.

Timilehin Adejumobi Timilehin Adejumobi
TechnologyBusinessHot News

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

Redtech, backed by Tony Elumelu, ranks among Africa’s fastest-growing fintech firms amid expansion into 29 countries.

Omokolade Ajayi Omokolade Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

BUA Foods' valuation lifts Khalifa Rabiu’s 473,628,201 share stake above $300 million amid a 21 percent rally on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Nigerian billionaire Aliko Dangote weighs a $15 billion refinery in Kenya, with Mombasa emerging as a leading site choice.

Omokolade Ajayi Omokolade Ajayi
Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

Ecobank is tapping global debt markets with a $350 million Tier 2 issuance to refinance existing notes and fund sustainability-linked financing across Africa.

Omokolade Ajayi Omokolade Ajayi
Dangote Cement
Hot NewsBusiness

Dangote Cement becomes Nigeria’s most valuable company as London listing looms

Dangote Cement becomes Nigeria’s most valuable listed company with a $13.4 billion market cap share surge aligns with London listing plans under consideration.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

Omokolade Ajayi Omokolade Ajayi
Presco Plc, Nigeria’s leading palm oil producer.
Hot NewsBusiness

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

Nigeria’s largest palm oil processor, Presco, declares $11 million dividend as 2025 profit rises to $88.7 million on stronger revenue and margins.

Omokolade Ajayi Omokolade Ajayi
Zenith Bank, Nigeria’s most profitable lender.
Hot NewsBusiness

After $230 million Q1 profit, Zenith Bank opens Côte d’Ivoire subsidiary

Following $230 million Q1 profit, Zenith Bank launches Côte d’Ivoire subsidiary to deepen West African corporate banking expansion.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
Hot NewsBusiness

Nigeria’s Access Holdings skips 2025 dividend as $380 million impairment hits income

Access Holdings will skip its 2025 final dividend after $380 million impairment charges weighed on earnings despite profit growth and asset expansion.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Egypt increases gas prices for industries as energy costs fluctuate

Egypt raises natural gas prices for key industries as it adjusts subsidies and manages rising energy import costs under IMF program.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusinessTechnology

MTN Nigeria’s Q1 2026 profit nearly triples to $258 million on data demand surge

MTN Nigeria's Q1 2026 profit nearly triples to $258 million as data demand, revenue and network investment drive strong growth.

Omokolade Ajayi Omokolade Ajayi