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Pan-African Billionaire Benedict Peters Deploys High-Tech Aircraft to Map Madagascar’s Hidden Mineral Wealth

KEY POINTS Pan-African billionaire Benedict Peters has deployed three high-tech aircraft to map Madagascar’s mineral resources under a government agreement. The project will provide free, detailed geological data to help the country attract investors and negotiate better mining deals. The initiative could shift control...
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CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.

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Business

Nigeria’s Textile Imports Surge 47 Percent as Revival Push Falters

Nigeria’s textile imports jumped sharply in 2025, exposing deep weaknesses in local production despite repeated government pledges to revive the once-thriving industry.
Business

Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.
Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.
Business

BUA Awards $20.7 Million to 1,706 Employees for Long Service

BUA Group rewarded 1,706 long-serving employees with N30 billion in cash, underscoring Abdul Samad Rabiu’s people-first approach to corporate growth.
Business

Dangote Accuses Fuel Regulators of Undermining Refining Push

Aliko Dangote accuses Nigeria’s fuel regulators of undermining local refining, escalating a dispute over imports, transparency and energy policy direction.
Business

Top Four Nigerian Financial Firms Led By Under-40 Founders

Nigeria’s financial sector is being reshaped by under-40 founders building fintech companies that expand inclusion, support SMEs and attract global investor attention.
Business

African Billionaires Step Into the Spotlight on Instagram

Africa’s wealthiest figures are cautiously embracing Instagram, using selective visibility to humanize power and redefine how influence works in a digital age.
Business

Chagoury Backs Lagos Luxury Market With ORCA Deco Mall

ORCA Deco Mall has opened in Eko Atlantic, betting on Lagos’ high-end consumers and marking a major vote of confidence in Nigeria’s retail future.
Business

Dangote Pledges Quarter of Fortune to Foundation

Aliko Dangote has committed 25 percent of his $30 billion fortune to his foundation, formalizing one of Africa’s biggest long-term philanthropic pledges.
Business

FCMB Group Posts Strong Nine-Month Results

FCMB Group reported strong nine-month 2025 results as profit, interest income, and digital revenues grew despite weaker non-interest gains.
Business

Nigeria Offers $50 Million Lithium Plant to Attract Global Miners

Nigeria offers $50 million lithium plant, duty waivers and security upgrades to lure miners, building processing clusters across multiple states.
Business

Dangote Reclaims $30 Billion Net Worth as Cement Lifts Fortune

Aliko Dangote’s net worth has climbed back to $30 billion as rising cement shares and aggressive refinery expansions recharge his business empire.
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News

Pan-African Billionaire Benedict Peters Deploys High-Tech Aircraft to Map Madagascar’s Hidden Mineral Wealth

KEY POINTS Pan-African billionaire Benedict Peters has deployed three high-tech aircraft to map Madagascar’s...
News

CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.
Politics

APC Releases 2027 Election Timetable, Sets Presidential Form at ₦100 Million

KEY POINTS APC set presidential nomination form at ₦100m and governorship at ₦50m for...
News

Ogun East APC Endorses Dapo Abiodun for 2027 Senate Bid

KEY POINTS Ogun East APC leaders endorsed Dapo Abiodun as consensus candidate for 2027...