Abdul Samad Rabiu set to pocket N324 billion dividend as BUA Cement profit surges
Abdul Samad Rabiu will collect more than N324 billion in dividends as BUA Cement profit climbed nearly fivefold in 2025.
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Tech billionaire Zak Calisto moves into insurance with planned stake in King Price
Competition regulators recommended approval of a deal tied to billionaire Zak Calisto to acquire a stake in King Price, the fast growing insurer.
BUA Cement triples 2025 profit to N356bn as Abdul Samad Rabiu’s giant lifts dividend and cuts leverage
BUA Cement’s 2025 profit surged to N356 billion as sales topped N1.17 trillion, prompting a higher dividend and reduced leverage.
Zim billionaire Strive Masiyiwa breaks 26 year silence as Econet Zimbabwe quits the stock market
Strive Masiyiwa addressed Econet shareholders for the first time in 26 years as investors approved delisting from Zimbabwe’s stock exchange.
Seplat, co-founded by Nigerian businessman Austin Avuru, reports $2.73 billion revenue surge
Seplat Energy posted a 144 percent revenue jump to 2.73bn dollars in 2025, boosted by offshore assets and stronger gas output.
Dahabshiil founder Abdirashid Duale pledges $150,000 as drought deepens in northern Somalia
Dahabshiil pledged $150,000 for drought relief in northern Somalia, with founder Abdirashid Duale urging faster action as shortages spread.
Ghanaian tycoon Joseph Siaw Agyepong drawn into scrutiny over $130 million Kenyan waste contract
A $130 million Mombasa waste deal tied to Jospong has triggered court petitions and political pressure, putting Joseph Siaw Agyepong in focus.
South African billionaire and CAF President Patrice Motsepe praises Infantino after 10 years as FIFA boss
CAF has praised Gianni Infantino as he marks 10 years leading FIFA, citing his leadership and impact on African and global football.
Tycoon Tony Elumelu leads Transcorp past N1 trillion assets in record 2025 results
Tony Elumelu Transcorp crossed N1 trillion in assets in 2025 as profit surged 44 percent and revenue climbed to N544 billion.
Billionaire Abdul Samad Rabiu's BUA Group takes Nigeria’s food manufacturing drive to Paris
BUA Group spotlights its food manufacturing capacity in Paris, pushing Nigeria’s ambition to shape global food systems and trade
Aliko Dangote swaps luxury lifestyle for bold Nigeria industrial push
Aliko Dangote gave up luxury cars and global homes to focus on building factories and transforming Nigeria’s industrial future
Billionaire-backed Zoho ramps up South Africa push with plans for local data centers
Zoho is considering data centers in South Africa as the Vembu family owned software firm rides a 50% surge across Africa.
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.
African Energy Chamber applauds Panoro for $219.5 million Block G acquisition in Equatorial Guinea
The African Energy Chamber backs Panoro Energy’s $219.5 million Block G expansion, calling it a strong vote of confidence in Equatorial Guinea.
Michael Jordan’s 23XI Racing surges to top of NASCAR standings
Michael Jordan and Denny Hamlin’s 23XI Racing opens 2026 with two wins, fueling championship hopes and growing dominance in NASCAR