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MTN Nigeria Communications Plc, led by CEO Karl Toriola, reports a staggering loss of N514.9 billion ($311.2 million) for Q3 2024, marking a sharp increase in losses compared to N14.9 billion ($9 million) in the same period last year, driven by foreign exchange challenges and rising expenses.
Zenith Bank, Nigeria’s leading financial institution, achieves a remarkable 99-percent profit growth, reaching N1 trillion ($604.3 million) in the third quarter of 2024, driven by robust interest income and strategic investments despite challenging economic conditions.
At the 3rd anniversary of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Tony Elumelu advocates for closer collaboration between international oil companies (IOCs) and local firms to address Nigeria’s energy challenges and boost production.
McDan Group CEO Daniel McKorley calls for African ownership and innovation in logistics, sharing ambitious plans to reshape cross-border trade and build sustainable infrastructure across the continent.
The refinery specified that any referenced payments were processed through the Nigerian National Petroleum Company (NNPC) Limited, not directly to them.
South African pharma mogul Gus Attridge loses $16.5 million from stake in Africa’s largest pharmaceutical company.
His leadership has helped push the group’s total assets past $16 billion, a milestone for the Lagos-based financial services provider.
Turnstar Holdings Limited (TURNST.bw), listed on the Botswana Stock Exchange, released its 2025 interim results, showcasing resilience despite market challenges.
Sibanye-Stillwater’s Montana PGM operations will gain from new Section 45X regulations under the U.S. Inflation Reduction Act (IRA), ensuring vital funding for palladium and platinum mining.
This wealth rebound follows a recent rally in Ezz Steel’s stock price on the Egyptian Exchange (EGX), reversing earlier losses.
Electrical and aerospace segments propel growth, vehicle sales lag, CEO Arnold confident as profitability rises 24 percent.
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
The boreholes, part of IHS Nigeria’s ongoing collaboration with UNICEF, are designed to help prevent waterborne diseases and mitigate health risks for flood-affected residents.
The move into Hong Kong comes against the backdrop of escalating U.S.-China tensions and Beijing’s deepening ties with Africa.
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
The bid offers an investment of over Ksh23.5 billion ($182.4 million), equating to Ksh65 ($0.5) per share for up to 100 percent of Bamburi's shares.