Nigerian billionaire and Chairman of Zinox Group, Leo Stan Ekeh, might be planning a takeover bid for Jumia.
Akudo Abengowe A source with insider knowledge of the situation told Nairametrics, a Lagos-based business publication, that...
West Africa
Airline operators win fight, as NNPC agrees subsidy on aviation fuel for three months
Following threats to stop operations, the Nigerian National Petroleum Company (NNPC) Limited has negotiated an...
JP Morgan delists Nigeria from emerging market list, as govt plans another $950m debt
JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations over its fiscal...
The crackdown on crypto has crippled foreign direct investments in Nigeria’s fintech sector
Technology is changing our everyday lives at a faster rate. In developed markets, fintech, blockchain,...
Nigeria Domestic airline operators to shut down flight operations May 9
Airline operators say they will shut down operations on Monday, May 9, due to high...
Dangote Cement raises N116 billion to refinance debts
Dangote Cement has raised N116 billion from banks and high networth individuals to repay the...
Sanlam announces strategic €2 billion deal with Allianz to combine resources across 29 African countries
One of Africa’s largest insurance services providers, Sanlam, has announced a strategic partnership with Allianz...
Aliko Dangote is now the 67th richest person in the world with a net worth of $20.7 billion
Africa’s richest man Aliko Dangote, has emerged as the 67th richest person in the world...
Strong sales on COVID vaccine, oral treatment earns Pfizer $15bn in Q1
Pfizer stepped out strong in its first-quarter earnings report after its COVID vaccine and oral...
FERTILIZER: Nigeria to pay more for Canada’s potash, sanction against Russia bites
Africa’s most populous country has turned to Canada for its potash needs – a key...