Nigerian tycoon Tony Elumelu's UBA posts $189.6-million profit in H1 2024
The double-digit decline in profits can be attributed to UBA’s higher expenses, coupled with a drop in trading and foreign exchange gains.
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Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
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Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.
How Nando’s co-founder Robbie Brozin is trying to rebuild Johannesburg from the ground up
Robbie Brozin is backing Jozi My Jozi with the same energy that built Nando’s, betting civic action can help Johannesburg recover.
South African businessman Phillip Abelheim’s Transpaco blocked from acquiring Premier Plastics
South Africa’s Competition Commission blocks Transpaco’s R128m acquisition of 35 year old Premier Plastics, halting the planned expansion.
Patrice Motsepe's African Rainbow Minerals flags higher interim earnings ahead of March results
African Rainbow Minerals says interim headline earnings may rise up to 15 percent, while basic earnings could jump as much as 75 percent.