Tag: Nigeria

The Development Bank of Nigeria (DBN).
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Nigeria’s DBN pumps $735 million into local businesses, sets sight on 2 million jobs

DBN backs over one million small firms with $735 million, aiming to spark two million new jobs under a fresh five-year strategy.

Omokolade Ajayi Omokolade Ajayi
Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Flutterwave, Tempo partner to speed up payments from US, Europe to Africa

Flutterwave partners with Tempo to launch stablecoin payment infrastructure, cutting cross-border fees as volumes cross $40 billion.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s mega refinery hits 700,000 barrels daily, beating its own maximum design limit

Aliko Dangote’s petroleum refinery has surpassed its original design limit, processing 700,000 barrels of crude oil daily during official testing.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
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Nigeria’s United Capital targets Rwanda next after Francophone West Africa success

Peter Ashade leads United Capital toward Rwanda, aiming to push the group's market capitalization past the $300 million threshold.

Omokolade Ajayi Omokolade Ajayi
Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Over 100 employees promoted as African fintech giant, Flutterwave, hits $40 billion milestone

Flutterwave promotes over 100 staff as it surpasses $40 billion in payments and expands global fintech infrastructure.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
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Nigeria’s state-owned NNPC posts $351 million profit on higher oil output, gas projects in April

NNPC profit rises to N481 billion ($351 million) in April 2026 as crude output, gas projects and revenue climb sharply.

Omokolade Ajayi Omokolade Ajayi
Nigerian fintech company Paystack.
TechnologyBusinessHot News

Following move to close $32 billion financing gap Paystack launches AI dashboard for SMEs

Paystack launches an AI dashboard helping merchants analyze data and manage finances as it targets a $32 billion small business funding gap.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBillionairesBusinessHot News

After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

Omokolade Ajayi Omokolade Ajayi
Kenya's President William Ruto.
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Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy veteran Layi Fatona.
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Nigerian energy veteran Layi Fatona named ND Western chair amid upstream expansion plans

Layi Fatona has been named chairman of ND Western, reinforcing the company’s upstream oil and gas expansion strategy as it strengthens production and asset growth in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu set for $10.8 million Seplat dividend payout

Tony Elumelu is set to receive $10.84 million in Seplat dividends as the company boosts payouts amid stronger Q1 2026 earnings.

Omokolade Ajayi Omokolade Ajayi
Tantalizers Plc restaurant outlet in Nigeria.
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Tantalizers to acquire Nigeria’s largest indigenous fisheries group, expands beyond fast food roots

Tantalizers Plc expands beyond quick service restaurants, signing deal to acquire Karflex Fisheries to boost seafood production and exports.

Omokolade Ajayi Omokolade Ajayi