Finance
South Africa’s Pioneer, Patrice Motsepe, Witnesses $400 Million Surge in Wealth
South African entrepreneur Patrice Motsepe, Africa’s first black billionaire, has experienced a notable financial boost with a $400 million increase in wealth over...
Nigerian Business Luminary Adebayo Ogunlesi’s GIP Snagged by BlackRock in $12.5B Deal
In 2016, Adebayo Ogunlesi gained international recognition when then U.S. President-elect Donald Trump appointed him to the “President’s Strategic and Policy Forum.” Fast...
Transmission Company of Nigeria’s CEO Accused of Procurement Violations Worth Billions
The Managing Director and CEO of the Transmission Company of Nigeria (TCN), Engr. Sule Ahmed Abdulaziz allegedly violated the Public Procurement Act of...
After WAW’s Story, CBN Begins Investigation Into Unity Bank Fraud
The Central Bank of Nigeria’s Banking Supervision Department Director, Mr Adekunle Adeniji, on 21st December, issued a response in acknowledgement of the Asset...
Mike Adenuga Reclaims Position as Nigeria’s Second-Richest Man
Nigeria’s telecom billionaire and oil magnate, Mike Adenuga, has reclaimed the position of the country’s second-richest individual, boasting a net worth valuation of...
Robert Kiyosaki: Navigating $1.2 Billion Debt with Unique Financial Philosophy
“I use debt as money and I don’t save cash because in 1971 the dollar became debt,” the “Rich Dad, Poor Dad” author...
World Bank Releases 2024 Report on Global Economic Prospects
As the year 2024 begins, the World Bank, in its first batch of 2024 Global Economic Prospects Reports, released an in-depth report analyzing...
Unveiling the Tech Investment Surge in Africa’s Big Four Markets – 2023 Overview
In 2023, Africa witnessed a shift in tech investments, notably in the big four tech markets: Egypt, Nigeria, Kenya, and South Africa. ‘Africa:...
Tinubu Suspends Minister of Humanitarian Affairs and Poverty Alleviation
President Bola Tinubu has suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, from office with immediate effect. In a...
Former Minister Sadiya Umar-Farouk Appears at EFCC Headquarters Over Alleged Fraud Investigation
Sadiya Umar-Farouk, the erstwhile Minister of Social Development, Disaster Management, and Humanitarian Affairs, answered the call from the Economic and Financial Crimes Commission...
CBN Pays Nearly $2 Billion Towards FX Backlog
In a bid to clear the backlog of dollars, Africa’s biggest economy, Nigeria, via the Central Bank of Nigeria (CBN), has paid $2...
FG Launches Investigation into Alleged Misuse of Funds by Ministry of Humanitarian Affairs
In response to mounting concerns and widespread public speculation, the Nigerian government has initiated a thorough investigation into the purported misallocation of public...