Property tycoon Roux Shabangu faces provisional sequestration amid escalating tax disputes
Property tycoon Roux Shabangu faces provisional sequestration after losing a court battle with Sars over millions in unpaid taxes, marking the latest setback in a long-standing legal dispute and raising concerns about his financial practices and lavish lifestyle.
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Kenya's top banker gains $3 million in three weeks from Equity Group investment
Over the past 20 days, the market value of his stake has increased by Ksh396.21 million ($3.07 million), fueled by a robust stock performance on the NSE.
Aradel Holdings sees $517 million market cap drop amid investor sell-off
The selloff coincides with Nigeria’s decision to reject Shell’s plan to offload its onshore oil assets to a consortium that includes Aradel, alongside ND Western and Waltersmith.
Nigerian Government approves Seplat’s $1.28 billion acquisition of ExxonMobil assets
Seplat Energy receives Nigerian Government approval for $1.28 billion purchase of ExxonMobil onshore assets.
UBA posts $320.9 million profit in 9M 2024
This growth was bolstered by improved fee income and robust foreign exchange earnings, highlighting UBA's adaptability in volatile markets.