Economy

Richemont rally boosts Johann Rupert’s wealth by $4.6 billion this year, pushing his fortune to $18.3 billion, the highest gain among African billionaires

A Lagos court has authorised banks to seize assets of Nestoil and affiliates over a $1 billion debt linked to tycoon Ernest Azudialu

Harmony Gold finalises its $1.01 billion acquisition of MAC Copper Limited, marking a decisive expansion into Australia’s copper mining industry

KEY POINTS Okomu Oil’s profits double because of high demand for palm oil. Sales of palm and rubber go up, which makes revenue go up by 67 percent. Costs of …

KEY POINTS Dangote Refinery suspends naira sales from Sept. 28. Labour unions protest mass layoffs of over 800 workers. Analysts warn petrol prices could rise above N900. Nigeria’s Dangote Petroleum …

KEY POINTS FAAN to enforce cashless payments at airports from Sept. 29, 2025. Rollout starts in Lagos and Abuja, covering gates, car parks, lounges. Partnership with Paystack aims to modernize …

KEY POINTS The Salimo Abdula Foundation helps 15,000 young people start their own businesses. Five top initiatives will get money to start. The initiative connects young people with important sectors. …

KEY POINTS GTCO profit slumps 50 percent to N449 billion H1 2025. Drop in GTBank dividends drives earnings decline. Group assets rise to $11.2 billion despite profit slide. Guaranty Trust …

HRW condemns Egypt’s arrests of online content creators, warning the crackdown threatens free expression and silences young digital voices.

Nigeria suffers another power grid collapse, sparking nationwide blackout as restoration efforts begin and frustrations grow over repeated failures.