Nigerian industrialist Rasaq Okoya marks 86th birthday with free cancer screenings, health outreach in Lagos
Industrialist Razaq Okoya is celebrating his 86th birthday by sponsoring a week of free cancer screenings and health checks in Ajah, Lagos.
West and Central Africa
United Bank for Africa posts $363.5 million Q3 profit, deepens capital base
United Bank for Africa reported N538bn profit after tax for Q3 2025, with assets climbing to N32.5trn and shareholders’ funds up 26%, reflecting strong performance and robust capitalisation.
Nigerian power billionaires set for windfall as government moves to clear $2.7 billion electricity debt
A long-stalled $2.7 billion debt cleanup could unlock cash and capacity for Nigeria’s billionaire-owned power plants.
Nigerian billionaire Femi Otedola set for big returns as Geregu Power projects $29 million profit in 2025
Geregu Power, under Femi Otedola’s leadership, forecasts record 2025 earnings of ₦44 billion ($29 M), signaling strong revenue growth amid Nigeria’s power challenges.
Tony Elumelu's UBA faces Ghana FX ban
The Bank of Ghana has suspended UBA Ghana’s foreign exchange licence, piling pressure on Tony Elumelu.
Cameroon's wealthy Mukete family fights Libyan bank over $200 billion iron ore deposit
Cameroon’s richest iron ore reserve has triggered a court fight in London, pitting the Mukete family against Libya’s central bank over ownership.
Juicyway secures $3 million to transform cross-border payments
Nigerian fintech startup Juicyway aims to streamline currency exchange with a hybrid DeFi-TradFi solution.
Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
Oando achieves strong financial performance, driven by cost management and improved operations.
Glo Mobile loses 43 million subscribers as Nigeria’s telecom market faces a 69-percent subscriber drop
Regulatory actions and stricter SIM identification requirements reshape Nigeria's telecom landscape.