Nigerian National Petroleum Corporation reports $4.26 billion after-tax profit in 2025
NNPC posted 4.26 billion dollars after-tax profit in 2025 as crude production averaged 1.62 million barrels per day.
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Access Holdings chairman Aig Imoukhuede’s Bidvest acquisition deal collapses
Access Bank deal to acquire South Africa Bidvest Bank collapses after deadline passes, with sources citing regulatory approval challenges.
Family linked to jailed Algerian auto tycoon Mahieddine Tahkout hid $15 million in assets, prosecutors say
Prosecutors say a family hid about $15 million in assets in a case linked to jailed auto tycoon Mahieddine Tahkout.
Billionaire-backed Curro moves to fully take over Meridian schools platform
Curro, backed by Jannie Mouton’s foundation, has been cleared to acquire Meridian linked entities, tightening control of its cost conscious school brand.
South African billionaire Michiel Le Roux’s Capitec nears Nedbank-level profits
Capitec’s projected earnings of up to $1.07 billion shifts Michiel Le Roux’s mission is to build a simplified, mass-market banking giant challenging South Africa’s biggest lenders
South African Agri tycoon Sean Walsh steps down as KAL Group CEO after 15 years
Veteran executive Sean Walsh is stepping down as CEO of KAL Group after nearly fifteen years of guiding expansion and transformation, while continuing to serve as Agbiz chairperson until June
Sam Darwish's IHS Towers exits Brazil Fibre market in $452 million Deal
IHS Towers CEO Sam Darwish has signed a deal to exit Brazil fibre market, selling a majority stake in I Systems for $452.6 million.
Conoil records weakest profit in five years as borrowing costs grow
Conoil records its weakest profit in five years as surging finance costs and slowing fuel sales weigh heavily on earnings.
Billionaire Femi Otedola applauds Dangote as refinery hits full capacity
Femi Otedola has praised Aliko Dangote after the refinery reached 650,000 barrels per day, calling the milestone transformational for Nigeria economy.
BUA Foods names Khalifa Rabiu head of global procurement and operations
BUA Foods has appointed Khalifa Rabiu to lead global procurement and operations, reinforcing its focus on supply chain efficiency and operational performance
Tetracore, led by energy tycoon Olakunle Williams, expands CNG network with 60,000 SCMD Auto CNG facility
Tetracore Energy has commissioned a 60,000 SCMD auto CNG facility in Ogere, Ogun State, advancing cleaner transport infrastructure under the leadership of energy tycoon Olakunle Williams
Aiteo wins rare Libya exploration license as Tripoli opens door to foreign drillers
Aiteo won a Murzuq basin exploration license in Libya’s first bid round since 2007, joining winners that included Chevron, Eni and QatarEnergy.
Aliko Dangote's refinery sets world record with 650,000 bpd output
Dangote Refinery reaches 650,000 barrels daily, setting a single train record and reshaping Nigeria’s fuel supply landscape.
Kenya’s CMA CEO Wyckliffe Shamiah approves new investment bank, stockbroker
CMA has licensed six new firms including an investment bank and stockbroker, widening the Kenya-regulated capital markets sector in 2026.
Sean Combs wins dismissal of assault lawsuit as Judge rules claim filed too late
A New York federal judge dismissed a sexual assault lawsuit against Sean Combs, ruling the claim was filed after the one year deadline.
Rainoil Founder Gabriel Ogbechie Pushes Pipeline Revival and Fair Fuel Pricing Reform
Rainoil founder Gabriel Ogbechie has urged Nigeria to revive its pipeline network and adopt fair pricing to drive sustainable growth in the energy sector.