Business Africa

Microsoft Nominates Irish billionaire John Collison to Board as Two Directors Step Down

Microsoft has nominated Irish billionaire John Collison, co-founder and...

Business Africa

Ibrahim Mahama’s E&P Pursues $740 Million Claim Against Gold Fields in Ghana

Ghanaian businessman Ibrahim Mahama’s mining company, Engineers & Planners...

Technology News

SpaceX Records $561 Million Investment Gain on Elon Musk’s Boring Company Stake

SpaceX recorded an unrealised investment gain of $561 million...

Business Africa

Design Week Lagos Opens with Global Creatives to Champion Africa’s Design Future

Lagos has become a meeting point for international and...

Tribute

Nollywood Mourns Veteran Actor Francis Duru at 57

Veteran Nollywood actor Francis Duru has died at the...

Business Africa

Aliko Dangote Retires as Chairman of Dangote Sugar Refinery After Two Decades

In a major leadership transition at one of Nigeria’s foremost manufacturing firms, Africa’s richest man, Aliko Dangote, has announced his retirement as Chairman of...

Business Africa

DisCos Fail to Recover ₦202 Billion in Power Bills Within Three Months

Nigeria’s electricity distribution companies (DisCos) are grappling with deepening revenue collection challenges, having failed to recover over ₦202 billion in electricity bills within the...

Business Africa

Firms Increase Investment as Naira Shows Signs of Stability

A wave of cautious optimism is sweeping through Nigeria’s business landscape as the naira maintains a relatively stable exchange rate, prompting companies to ramp...

Business Africa

MultiChoice Nigeria Loses 1.4 Million Subscribers Amid Sustained DStv Price Hikes

MultiChoice Nigeria has seen a steep drop in its subscriber base, losing over 1.4 million customers in the past two years, as consumers increasingly...

Business Africa

Nigeria’s Export Value Hits ₦20.6 Trillion in Q1 2025, Trade Surplus Widens

Nigeria recorded total exports valued at ₦20.598 trillion in the first quarter of 2025, according to data released by the National Bureau of Statistics...

Business Africa

Omeife: Africa’s First Humanoid Robot Enters the Global Tech Spotlight

Blending artificial intelligence with African cultural expression, Omeife stands tall literally and symbolically as Africa’s first humanoid robot. Created by Nigeria’s Uniccon Group, the six-foot-tall...

Business Africa

FG’s $5 Billion Oil-Backed Loan from Aramco Stalled by Falling Oil Prices and Production Woes

The Federal Government’s proposed $5 billion oil-backed loan from Saudi oil giant Aramco has been significantly delayed, as declining oil prices and underwhelming domestic...

Business Africa

Lease Controversy Rocks Rivers Port Terminal Concession

A growing controversy has engulfed the concession of Terminal B at the Rivers Port in Port Harcourt, as federal lawmakers and regulators intensify investigations...

Business Africa

Fortuna Mining Acquires Strategic Stake in Awalé Resources, Strengthening West African Exploration Position

In a bold move to deepen its footprint in West Africa, Fortuna Mining Corp. (TSX: FVI; NYSE: FSM) has acquired a 15% equity stake...

Business Africa

Nigeria to Host Inaugural International Civil Service Conference, Aiming to Drive Public Sector Innovation

Nigeria is set to host the maiden edition of the International Civil Service Conference from June 25 to 27, 2025, in Abuja, in what...

Business Africa

ECOWAS Delegation Departs Guinea-Bissau Amidst Expulsion Threat

A delegation from the Economic Community of West African States (ECOWAS) has departed Guinea-Bissau, cutting short its mission following a direct threat of expulsion...

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