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
Economy
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A Lagos court has authorised banks to seize assets of Nestoil and affiliates over a $1 billion debt linked to tycoon Ernest Azudialu
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Harmony Gold finalises its $1.01 billion acquisition of MAC Copper Limited, marking a decisive expansion into Australia’s copper mining industry
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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 …
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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 …
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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 …
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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. …
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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 …
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HRW condemns Egypt’s arrests of online content creators, warning the crackdown threatens free expression and silences young digital voices.
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Nigeria suffers another power grid collapse, sparking nationwide blackout as restoration efforts begin and frustrations grow over repeated failures.