U.S.-Nigerian telecom tycoon Sam Darwish loses $7.42 million as IHS shares fall
This follows a brief uptick between Aug. 6 and 10, when his stake gained $4.61 million amid a fleeting share price recovery.
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Transcorp Power's nine-month profit surges to over $35 million
Transcorp Power’s strong revenue growth across segments boosts earnings above $35 million.
Dangote Oil Refinery to finalize fuel pricing and lifting agreements with Nigeria’s marketers
The meeting, anticipated between Tuesday and Wednesday, aims to establish pricing and supply terms for petrol from the $20-billion refinery.
Aradel Holdings lists on NGX, hits $1.9-billion market cap
This listing expands investment opportunities for Nigerians, aligning with Aradel’s mission of enabling broader participation in the oil and gas sector.
Dangote Group to commence crude oil production after supply struggles
This figure is expected to increase by the first quarter of 2025, with the company aiming to resolve its ongoing crude supply issues.
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Global CEOs and leaders unite for $120-billion investment in Africa’s future
Global CEOs, leaders, and artists have united to urge G20 nations to raise $120 billion for Africa's development, aiming to drive economic growth and alleviate poverty across the continent.
Safaricom expands M-PESA platform to Ethiopia, boosting regional financial inclusion
The move aims to strengthen regional financial inclusion and boost economic activity across borders.
Aga Khan IV's investment in Nairobi’s Jubilee Holdings gains $3.4 million
This follows an earlier loss of $3.52 million between April 16 and 26 when his holdings dropped from $40.78 million to $37.27 million.
GB Corp’s financial unit receives approval to expand into debt capital markets
This milestone marks a critical step in the company's strategic move into the debt capital markets, broadening its range of financial activities as it seeks to diversify.