FCMB forecasts $141.83 million revenue for Q1 2025, targets $19.56 million profit
The bank targets diversified revenue growth, strong cash inflow, and operational efficiency in its Q1 2025 outlook.
Meet Mitchell Elegbe: The visionary behind Interswitch, driving Africa’s digital payment revolution
From engineering graduate to fintech pioneer, Elegbe's transformative leadership has redefined digital payments in Africa.
Oando boosts oil production by 50 percent after $783-million Nigerian Agip Oil acquisition
Acquisition of NAOC strengthens Oando’s position as a major player in Nigeria’s energy sector.
Johann Rupert’s 7 biggest philanthropic contributions: Transforming lives in South Africa and beyond
From COVID-19 relief to wildlife conservation, Johann Rupert’s philanthropy is driving social and economic change.
Samih Sawiris acquires $400-million Moroccan tourism project, expands influence in North Africa
Billionaire Sawiris-led consortium to develop Essaouira Mogador with new hotels, resorts, and residential complexes.
Patrice Motsepe faces $195-million lawsuit over alleged non-compete breach in Tanzania
Motsepe denies allegations, calls claims "absolute rubbish" as lawsuit escalates in Tanzania's commercial court.
BUA Group partners with Starlinger for packaging production facility with six hundred million-bag capacity
BUA Group strengthens control over production and supply chain with new facility for polypropylene packaging.
Chevron’s $1-billion annual investment drives growth in Nigeria’s oil sector
Chevron’s $1 billion annual investment in local suppliers is central to Nigeria’s oil sector growth, driving innovation and partnerships for sustainable development.
FCMB Group reports $51.4-million profit, driven by strong revenue growth
FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.
The 7 biggest donations by Abdul Samad Rabiu: Building a legacy of impact across Nigeria and Africa
Nigerian billionaire Abdul Samad Rabiu is making a lasting impact through significant donations that span healthcare, education, security, and more, shaping a brighter future for Nigeria and Africa.
NCB Financial targets $50-billion profits with ambitious cost-cutting plan
NCB Financial Group, led by Michael Lee-Chin, plans to double its profits to $50 billion, focusing on cost reduction and enhancing workforce skills to compete globally.
Orascom Financial Holding reports $2.35-million Q3 loss as asset base declines
Orascom Financial Holding’s Q3 2024 financial results show a smaller loss compared to last year, but asset shrinkage and declining profits continue to challenge the company.
The 8 biggest donations by Patrice Motsepe: How he is building a legacy of impact
Patrice Motsepe’s transformative philanthropy showcases his commitment to addressing Africa’s pressing challenges, building a legacy of impact that extends far beyond his business success.
Ahmed Heikal: Visionary leader driving Qalaa Holdings' success and Egypt's economic growth
Ahmed Heikal’s visionary leadership has propelled Qalaa Holdings to the forefront of Egypt’s economic transformation, making a lasting impact on the country’s growth and development.
ASR Africa begins construction of $147,691 corrosion research center at FUPRE
ASR Africa begins construction of a $147,691 corrosion research center at FUPRE, enhancing Nigeria’s oil and gas sector with cutting-edge research and industry collaboration.