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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.

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Business

Dangote Signs New Deals to Advance Fertilizer Expansion Plans

Dangote accelerates fertilizer growth with new deals to expand urea capacity in Nigeria and build a major new plant in Ethiopia.
Business

Dangote Pushes Ahead With Major Refinery Expansion in India

Dangote advances a major refinery expansion through fresh India deals, pushing toward energy independence and a stronger fuel supply for Africa.
Business

Mo Dewji Secures AfDB Loan to Expand Tanzania Agro Business

AfDB approves $24.6 million to accelerate MeTL agro-industrial expansion, boosting jobs, exports, and sustainable farming across Tanzania.
Business

Sam Darwish adds $6.7 million as IHS Towers shares surge

Sam Darwish’s IHS Towers growth accelerates as the company’s shares rise, adding $6.7 million to his fortune amid renewed investor confidence.
Business

Court Voids N5.31 Billion Tax Ruling Against AEDC

A court ruling has reopened the Abuja Electricity Distribution Company tax dispute, giving the utility fresh relief amid layoffs and regulatory pressure.
Business

FIRS Denies Creating Exclusive Gateways In TSA System

FIRS rejects claims of a monopoly in the TSA collection framework, stressing its multi-channel structure and renewed focus on transparency and reform.
Business

Dangote’s Net Worth Falls as Cement Shares Drop

Dangote’s wealth slips by $1.4 billion as cement shares fall, tightening his yearly gains despite aggressive expansion across multiple African markets.
Business

Leadway’s Full Takeover of PAL Pensions Wins Final Approval

Leadway completes its acquisition of PAL Pensions after regulatory approval, setting the stage for wider reach, stronger governance and enhanced pension services.
Business

Dangote Sugar Names Thabo Mabe as CEO in Leadership Shift

Dangote Sugar announces Thabo Mabe as its next CEO, marking a major leadership shift aimed at driving expansion and boosting long-term growth.
Business

Iwosan Investments Expands With Paelon Hospital Acquisition

Iwosan Investments strengthens healthcare in Nigeria with its acquisition of Paelon Memorial Hospital, expanding its network and boosting specialized patient care.
Business

Tiger Brands to Sell Cameroon Unit in $76 Million Deal

Tiger Brands announces Cameroon exit with $76 million Chococam sale, streamlining international operations to prioritize domestic growth and shareholder value.
Business

Zenith Bank Moves to Acquire Kenya’s Paramount Bank

Zenith Bank advances its East Africa expansion with a planned acquisition of Kenya’s Paramount Bank amid rising regulatory pressures on smaller lenders.
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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.
News

Airtel Africa Strikes Starlink Deal to Expand Satellite Coverage

Airtel Africa’s Starlink deal aims to extend mobile coverage into rural areas, using satellite technology to bypass towers and narrow Africa’s persistent digital divide.
News

Microsoft Deepens Digital, AI Skills Push in Nigeria

Microsoft is scaling up AI and digital skills training in Nigeria, targeting students, developers and public servants as demand for technology talent accelerates.

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