Business & Finance

Chineye Egesi

May 14, 2026

Nigeria’s capital market is undergoing a major transformation as the Securities and Exchange Commission (SEC) intensifies efforts to integrate data, artificial intelligence, and technology-driven regulation into the nation’s investment ecosystem.

Uchechi Okporie

May 14, 2026

A court has heard testimony that a commercial bank flagged financial transactions linked to former Nigeria Attorney General of the Federation, Abubakar Malami, as part of its internal compliance and risk monitoring systems, intensifying public attention on the ongoing legal proceedings.

Chineye Egesi

May 13, 2026

Fidelity Bank Plc posted a strong financial performance for the 2025 financial year, recording a 45 per cent increase in gross earnings as shareholders’ funds climbed above the N1 trillion mark, driven by steady business expansion and fresh capital injection.

Chineye Egesi

May 13, 2026

Africa’s richest man, Aliko Dangote, has continued his impressive rise in global wealth rankings after his net worth climbed to $35.9 billion, making him the world’s 65th richest person. The Nigerian billionaire has witnessed a rapid increase in fortune in recent weeks, reinforcing his position as one of the continent’s most influential business leaders.

Chineye Egesi

May 13, 2026

Kenya is moving to tighten oversight of its fast-growing cryptocurrency market by introducing tougher tax reporting requirements aimed at ending anonymous crypto trading. Under the proposed Finance Bill 2026, cryptocurrency exchanges and virtual asset service providers would be required to disclose customer identities and detailed transaction records to the Kenya Revenue Authority (KRA).

Chineye Egesi

May 13, 2026

South African billionaire Patrice Motsepe has strengthened his footprint in the energy sector after his company, African Rainbow Energy (ARE), acquired a controlling stake in SOLA Group, a move that positions the firm among the country’s biggest independently owned clean energy players.

Chineye Egesi

May 13, 2026

Nigerian industrialist Abdulsamad Rabiu and South African luxury magnate Johann Rupert are locked in a high-stakes race to become Africa’s second billionaire to reach a $20 billion fortune, highlighting the growing competition among the continent’s wealthiest business figures.

Chineye Egesi

May 12, 2026

Aliko Dangote, President of the Dangote Group, is targeting a $50 billion valuation for his Dangote Petroleum Refinery & Petrochemicals before a planned stock market listing later this year, according to Bloomberg.

Chineye Egesi

May 11, 2026

Nigeria’s stock market is becoming increasingly dominated by its largest players. As of April 2026, the ten most valuable companies listed on the Nigerian Exchange (NGX) boasted a combined market capitalization of N110.12 trillion, according to an analysis of market data.

Chineye Egesi

May 11, 2026

In a firm and timely intervention, the Central Bank of Nigeria (CBN) has cautioned state governments across the federation against their growing dependence on short-term borrowing and costly overdrafts.

Chineye Egesi

May 11, 2026

The United States imported $578.78 million worth of crude oil from Nigeria in the first three months of 2026, according to new data from the U.S. Census Bureau and the Bureau of Economic Analysis.

Chineye Egesi

May 09, 2026

Just two years ago, MTN Nigeria was in deep trouble. The telecom giant posted a staggering N400 billion after‑tax loss in 2024, its second straight year in the red. Retained earnings had plunged to negative N607 billion, and shareholders’ funds were deeply negative.