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News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Nvidia CEO Jensen Huang says paying $8 billion under California's proposed 5% billionaire tax would be "a privilege," even as Zuckerberg, Page and Brin leave the state.
Binance founder Changpeng Zhao added $9.8 billion in a day to reach $91.2 billion, an 84% gain this year driven by his 90% Binance stake.
Dangote Industries has bought 4,000 more construction machines, taking its fleet to 6,500, as work begins to double the Lekki refinery to 1.4 million barrels a day.
Black Coffee owns his masters, 20% of Gallo Music and stakes in Yoco, Andela, SweepSouth and Rensource through his venture arm FlightMode Digital.
UBS analyst Zuzanna Pusz kept her buy rating on Richemont after the bank's Milan luxury conference, with a target of CHF 188.76 a share.
Safika sold its entire manganese portfolio to Exxaro for R11.7 billion. It kept trucking, gaming, telecoms repair and a Northern Cape copper stake.
Sanlam has written its 60% stake in AfroCentric down to nil after Bonitas left, but chief executive Paul Hanratty says it will not sell.
Warren Buffett, 96, is stepping down as Berkshire Hathaway chairman. His son Howard takes the role, becoming guardian of the culture, not the money.
Elon Musk, Sam Altman and Dario Amodei called for slower AI development over one weekend, sending chip stocks down 5.9% as OpenAI delayed its IPO.
Jeff Bezos' fortune has jumped $137 billion in a year to $378 billion, keeping him second in America and the richest person in Florida.
Bill Ackman's Pershing Square holds about $4.4 billion of Microsoft and Amazon stock, roughly 22% of its portfolio, after buying more Microsoft and trimming Amazon.
Banyan Group has acquired a majority stake in Newmark Hotels & Reserves, adding 26 properties across seven African countries to its portfolio.
Elon Musk says his new "palace" is an Airstream trailer parked at xAI's Memphis supercomputer site, where he is personally helping the expansion.
Byron Allen's family office has committed about $128 million to BuzzFeed shares across three purchases since May, each at a lower price than the last.
Tyler Perry says he will leave Atlanta for Puerto Rico in early 2027 and scale back his work schedule to focus on his 11-year-old son.
Nigeria's trade minister says Aliko Dangote's refinery IPO could add $60 billion to the Nigerian Exchange, though analysts value the plant closer to $49 billion.