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Terra Industries Raises $11.75 Million to Scale Defense Systems

Terra Industries raised $11.75 million to scale African defense technology, expanding autonomous systems that secure power plants, mines and other critical infrastructure.
Business

Rabiu Nears Rare $10 Billion Wealth Mark in Nigeria

Abdul Samad Rabiu is closing in on the Nigerian $10 billion wealth mark as BUA Cement and BUA Foods rally amid strong earnings and a booming stock market.

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Business

Kenya Pushes Ahead With Chinese-Led Highway Plan

Kenya advances a major highway upgrade with Chinese partners, boosted by Tony Elumelu’s investment pledge.
Business

First HoldCo Completes Sale of FBNQuest Merchant Bank

First HoldCo completes its divestment of FBNQuest Merchant Bank as Otedola advances a group-wide restructuring strategy.
Business

Access Holdings Seeks Shareholder Backing for New Capital Plan

KEY POINTS Access Holdings capital plan targets N40 billion. The capital move supports regulatory...
Business

Bassim Haidar Buys One Hyde Park Flat at Deep Discount

Bassim Haidar buys a One Hyde Park flat for £42 million, reflecting the ongoing London luxury property slump and distressed high-end sales.
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.
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Business

Terra Industries Raises $11.75 Million to Scale Defense Systems

Terra Industries raised $11.75 million to scale African defense technology, expanding autonomous systems that secure power plants, mines and other critical infrastructure.
Business

Rabiu Nears Rare $10 Billion Wealth Mark in Nigeria

Abdul Samad Rabiu is closing in on the Nigerian $10 billion wealth mark as BUA Cement and BUA Foods rally amid strong earnings and a booming stock market.
Business

CardinalStone Securities Sets NGX Trading Record in 2025

CardinalStone Securities became the first Nigerian broker to exceed ₦2 trillion in annual NGX transactions, capitalising on a historic rally in the equity market.
News

Nigeria, ASUU to Sign New Accord Aimed at University Stability

Nigeria’s federal government and ASUU will sign a new agreement on January 14, seeking to improve university quality and prevent recurring strikes.

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