Nigerian Fintech Businessman Fined $250 Million for Alleged Fraud
Dozy Mmobuosi, a Nigerian businessman who made headlines for his attempted acquisition of an English football club, has been ordered to pay over $250...
Bill Gates Visits Nigeria to Discuss Development Challenges
Bill Gates, co-founder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, is scheduled to visit Nigeria on Tuesday, September 3rd, 2024....
E-commerce: Kenyan Startup Chpter Raises $1.2 Million
Chpter, a Kenyan e-commerce startup, has raised $1.2 million in a pre-seed funding round. The company, founded in 2022, aims to help businesses turn...
Trade and Investment: African Countries Set to Sign Deals with Indonesia
African countries are poised to sign trade and investment deals worth $3.5 billion with Indonesia during the ongoing Indonesia-Africa Forum in Bali. This was...
Dangote Refinery Begins Petrol Production, Set to Address Fuel Scarcity
The Dangote Group has announced that its oil refinery has commenced petrol production, marking a significant step toward addressing Nigeria's fuel scarcity issues.
This confirmation...
Bill Gates to Visit Nigeria as Part of Ongoing Commitment to Africa’s Development
Bill Gates, co-chair of the Bill & Melinda Gates Foundation, is set to visit Nigeria as part of the foundation's continued efforts to support...
Nigeria Signs Agreement to Procure 1.4 Million Electricity Meters
The Nigerian government has signed an agreement with three Chinese companies to supply and install 1.43 million electricity meters across the country. This significant...
UBA: Tony Elumelu Explains Decision to Step Down as CEO
Tony Elumelu, the chairman of Heirs Holdings Group, has shed light on why he stepped down as the CEO of the United Bank for...
Wema Bank Seeks N150 Billion Capital Boost Through Rights Issue and Private Placement
Wema Bank, one of the leading financial institutions in Nigeria, has announced plans to raise a staggering N150 billion in new capital. The bank...
South African Tech Company Karooooo Sees Impressive Growth on the JSE
Karooooo, a technology company with roots in South Africa, has become one of the top performers on the Johannesburg Stock Exchange (JSE). Over the...