Business

The rhythm of Nigeria's business world
South African tycoon Johann Rupert has claimed the throne as Africa's wealthiest individual, surpassing long-reigning champion Aliko Dangote, according to Forbes Magazine's latest ranking. Rupert, with a staggering net worth of $10.3 billion, leads the pack, signaling a shift in the continent's...
Blue Carbon, a Dubai-based company led by Emirati royal Sheikh Ahmed Dalmook Al Maktoum, has acquired forested land across Zimbabwe, Zambia, Kenya, Liberia, and Tanzania, equivalent to the size of the United Kingdom. The controversial move aims to run carbon offset projects, conserving forests...
MultiChoice, a leading media company, has encountered significant financial challenges, reporting an after-tax loss of R911 million ($50.2 million) for the six months spanning April 1 to September 30, 2023. This marks a substantial downturn compared to the R55 million after-tax profit reported...
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Image by 12019 from Pixabay The West African fuel market is experiencing significant effects from removing petrol subsidies in Nigeria. The Organization of Petroleum Exporting Countries (OPEC) recently reported that Nigeria's decision to stop funding the subsidy has led to a 28% drop in fuel...
Ghanaian fintech startup, Dash, has ceased its operations after a tumultuous journey. Founded in 2019 by Prince Boakye Boampong, Dash aimed to create interoperability between mobile money wallets and bank accounts across Africa, streamlining cross-border payments. The company gained significant...
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Ethiopian Airlines Group is keenly awaiting approval from Nigeria's new administration to advance its partnership with Nigerian Air. As reported by The Reporter Ethiopia, the airline group had successfully secured a bid last year, agreeing to acquire a 49 per cent stake in Nigerian Air, the...
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