Eaton posts $6.4 billion in Q1 sales as Craig Arnold plans retirement
Eaton posts record $6.4 billion Q1 2025 sales as CEO Craig Arnold prepares to retire, driven by 9% organic growth in core segments despite global headwinds.
Hot News
Fidson stake held by Nigerian tycoon Fidelis Ayebae tops $10 million
Since the start of the year, his stake has risen by N4.94 billion ($3.08 million), thanks to a steady rally in Fidson’s share price.
South Africa’s Giovanni Ravazzotti sees Italtile stake slip below $400 million
This fresh setback extends a rough stretch for Ravazzotti, whose fortune had already taken a heavy blow earlier in the year.
Centum, backed by Kirubi family, leads East Africa’s urban shift
Heading into its 2026 fiscal year, the company has firmly established itself as a major force in shaping the future of cities in Kenya and Uganda.
Aig-Imoukhuede leads Access Holdings to $113 million profit in Q1 2025
The group's diverse structure has found fresh momentum under the leadership of Aig-Imoukhuede, who returned to the helm after the passing of Herbert Wigwe.
Aliko Dangote's sugar empire posts $133 million revenue in Q1 2025
The strong performance expands its lead as Nigeria’s top food conglomerate.
Kendrick Lamar makes history: $9 million from one night on stage
The Grammy- and Pulitzer-winning artist set the record at the Grand National Tour’s Minneapolis opener, co-headlining with SZA.
Duncan Wanblad-led Anglo American gets nod to spin off platinum unit
Anglo American has won shareholder approval to spin off its platinum arm, Valterra Platinum, effective May 31, 2025, as part of a major restructuring.
Karl Toriola-led MTN Nigeria posts $658 million revenue in Q1 2025
The surge in revenue was fueled by robust demand across voice, data, fintech, and digital services, with particularly strong performance in its data and voice segments.
Before the billions, Aliko Dangote was Nigeria’s rising trading magnate
Before Aliko Dangote became Africa’s richest man, he quietly built a trading empire in Nigeria, mastering supply chains and laying his industrial legacy.
Zenith Bank pays Jim Ovia $12.7 million in dividends
Jim Ovia takes home $12.7 million in dividends as Zenith Bank delivers record profits and boosts shareholder payouts.
Nigeria’s central bank fines Paystack, co-founded by Shola Akinlade
CBN fines Paystack N250 million ($0.19 million) for allegedly running a wallet service via its Zap app, breaching its switching and processing license.
Palantir CEO back among Black billionaires worth over $10 billion
Alex Karp’s net worth rebounds to $10.7 billion as Palantir stock surges over 37% in April, regaining his spot among top Black billionaires.
Beyoncé kicks off Cowboy Carter tour following $579 million Renaissance tour
Beyoncé integrates premium whisky brand, SirDavis, into tour branding, expanding her billion-dollar empire.
Jim Ovia’s stake in Zenith Bank rebounds above $150 million
Recent stock gains have boosted Ovia’s stake by $12 million, raising its value from $139.59 million to $151.48 million.
Egyptian billionaire eyes $17 billion from mixed-use development in Iraq
TMG, controlled by Hisham Talaat Moustafa, eyes $17 billion from Iraq project as it pushes regional growth, betting on smart cities and recurring income beyond Egypt and Saudi Arabia.