Business & Finance

Global outcry as meta moves to charge for facebook, instagram and whatsapp in sweeping paid subscription shift
Uchechi Okporie

Uchechi Okporie

May 28, 2026

Global outcry as meta moves to charge for facebook, instagram and whatsapp in sweeping paid subscription shift

A major shake-up is rippling across the digital world after Meta announced the rollout of paid subscription plans for Facebook, Instagram and WhatsApp, a decision that could redefine how billions of people access social media and instant messaging.

FCCPC Backs Down as Airtel and Glo Resume Airtime Loans Amid Court Battle
Chineye Egesi

Chineye Egesi

May 28, 2026

FCCPC Backs Down as Airtel and Glo Resume Airtime Loans Amid Court Battle

In a quiet but significant move, telecommunications operators Airtel and Glo have restored their emergency airtime lending services across Nigeria, bringing relief to millions of subscribers who depend on the feature for daily calls, texts, and micro-business operations.

Africa’s banking giants on edge as explosive Union Bank ownership war ignites fears over corporate control in Nigeria
Uchechi Okporie

Uchechi Okporie

May 27, 2026

Africa’s banking giants on edge as explosive Union Bank ownership war ignites fears over corporate control in Nigeria

A fierce corporate showdown surrounding Union Bank of Nigeria is rapidly becoming one of the most closely watched financial battles in Africa, as powerful legal and business interests clash over who truly controls one of Nigeria’s oldest banking institutions.

Lagos set to host Growtech West Africa 2027 as Africa’s agriculture tech revolution gathers global momentum
Uchechi Okporie

Uchechi Okporie

May 27, 2026

Lagos set to host Growtech West Africa 2027 as Africa’s agriculture tech revolution gathers global momentum

Lagos, Nigeria, has been announced as the host city for Growtech West Africa 2027, positioning the region at the centre of a fast-evolving agricultural transformation across the continent.

Cooking Gas Hits ₦1,500/kg – Marketers Warn of Scarcity, Hardship
Chineye Egesi

Chineye Egesi

May 25, 2026

Cooking Gas Hits ₦1,500/kg – Marketers Warn of Scarcity, Hardship

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has raised urgent concerns over the sharp rise in cooking gas prices and erratic supply, warning that the situation could trigger scarcity and deepen hardship for Nigerians.

Heirs Insurance Group Hits Major Milestone as Two Subsidiaries Earn Spot on Financial Times’ List of Africa’s Fastest-Growing Companies
Chineye Egesi

Chineye Egesi

May 15, 2026

Heirs Insurance Group Hits Major Milestone as Two Subsidiaries Earn Spot on Financial Times’ List of Africa’s Fastest-Growing Companies

Heirs Insurance Group has recorded a remarkable achievement after two of its subsidiaries, Heirs Life Assurance and Heirs General Insurance, secured prestigious spots on the 2026 Financial Times ranking of Africa’s fastest-growing companies, reinforcing the group’s growing footprint in the continent’s insurance industry.

Nigeria Plans N600 Billion Domestic Bond Sale to Manage Debt and Fund Spending
Chineye Egesi

Chineye Egesi

May 15, 2026

Nigeria Plans N600 Billion Domestic Bond Sale to Manage Debt and Fund Spending

The Nigerian government is returning to the local debt market to raise N600 billion through a bond auction scheduled for May 18, 2026. This move is part of ongoing efforts to manage the country’s financing needs, tackle rising debt servicing costs, and adapt to changing liquidity conditions.

Naira Gains Ground to N1,853/£1 as UK Political Turmoil Hits British Pound
Chineye Egesi

Chineye Egesi

May 15, 2026

Naira Gains Ground to N1,853/£1 as UK Political Turmoil Hits British Pound

The Nigerian Naira has shown renewed strength in the first half of May, recovering from its April lows, while the British Pound has tumbled to monthly lows amid political chaos within the UK’s ruling party.

Why I sold my mansions in UK and US, Dangote explains his simple lifestyle despite massive wealth
Uchechi Okporie

Uchechi Okporie

May 15, 2026

Why I sold my mansions in UK and US, Dangote explains his simple lifestyle despite massive wealth

Aliko Dangote, Africa’s richest businessman, has revealed the quiet sacrifice behind his extraordinary success — choosing purpose over comfort, and vision over luxury.

How Elon Musk Is Racing Toward a $1 Trillion Net Worth
Chineye Egesi

Chineye Egesi

May 14, 2026

How Elon Musk Is Racing Toward a $1 Trillion Net Worth

South African-born billionaire entrepreneur Elon Musk is increasingly being tipped as the leading candidate to become the first person in history to reach a net worth of $1 trillion.

Trump-Xi Talks Loom Large as Iran Concerns Shake Oil Markets
Chineye Egesi

Chineye Egesi

May 14, 2026

Trump-Xi Talks Loom Large as Iran Concerns Shake Oil Markets

Global oil prices dropped slightly on Wednesday as investors took a cautious approach ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping, while ongoing uncertainty surrounding Iran continued to influence market sentiment.

Nigerian Billionaire Femi Otedola Deepens Banking Bet With $32 Million FirstHoldCo Share Purchase
Chineye Egesi

Chineye Egesi

May 14, 2026

Nigerian Billionaire Femi Otedola Deepens Banking Bet With $32 Million FirstHoldCo Share Purchase

Nigerian billionaire businessman Femi Otedola has significantly expanded his investment in the country’s banking industry after acquiring an additional 549.5 million shares in FirstHoldCo Plc, a transaction valued at approximately N43.41 billion ($31.9 million).

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