Skip to content
Elon Musk's SpaceX has filed its S-1 prospectus with the SEC for a June 12 Nasdaq debut targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would shatter every IPO record in history.
South Africa is the only African country among the world's 20 fastest-growing billionaire markets, ranked 13th globally with a projected 40% increase from 10 billionaires in 2026 to 14 by 2031, according to Knight Frank's Wealth Report 2026.
Niger State has invited Aliko Dangote and private investors to explore crude oil at the Bida Basin under a public-private partnership structure.
Two Lee-Chin companies have sued FirstCaribbean Bank in the Cayman Islands to block a forced sale of his $35 million Seven Mile Beach estate.
Aliko Dangote's Dangote Sugar has opened a N485.9 billion ($324 million) rights issue to strengthen its balance sheet and fund a major local-production drive.
Aliko Dangote says the oil mafia tried to kill his refinery; Standard Bank overtakes Capitec and FirstRand at R517 billion; Johann Rupert delivers €22.4 billion in Richemont sales and signals a more relaxed outlook.
Nigeria's Federal High Court ordered Mamuda Beverages to stop producing Pop Power Energy Drink after finding it copies the Fearless bottle design.
An Abuja court granted ex-Skye Bank chairman Tunde Ayeni N200 million bail on May 25, with conditions including property-owning sureties and a N15 billion bank guarantee.
Tanzania's Amsons Group is in advanced talks to acquire Geneva-based Oryx Energies for $250 million, including its Tanzania fuel and LPG assets.
Canal Plus will list on the Johannesburg Stock Exchange on June 3 as it battles declining DStv subscribers, with MultiChoice revenue falling 6% in Q1 2026.
Standard Bank closed Friday at a market cap of R517 billion, overtaking both Capitec and FirstRand to become Africa's most valuable bank on the JSE.
Access Holdings chairman Aigboje Aig-Imoukhuede has delivered the keynote at Nigeria's 2026 International Civil Service Conference as his Foundation returned as Diamond Partner.
Byron Allen acquired 10.7 percent of Starz for $25 million and says the network's poison pill defense will not stop him from buying the entire company.
Johann Rupert's Richemont posted €22.4 billion ($26 billion) in fiscal 2026 sales, up 11% at constant rates, with Cartier and Van Cleef & Arpels leading 14% jewelry growth as net profit surged 27% to €3.5 billion ($4.1 billion).
Billionaire mogul Rihanna has ended her revived Fenty x Puma partnership after three years, leaving her a sneaker free agent amid growing Nike sightings.
Zinox founder Leo Stan Ekeh commissioned a N500 million AI center at his Owerri alma mater, the first of its kind in Eastern Nigeria.