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Nigeria Faces Multi-Trillion Naira Wealth Cliff as Family Empires Confront Generational Handover

Nigeria has proven highly effective at generating first-generation private fortunes, but is systematically failing to preserve them, threatening to erase trillions of naira in...

CBN Sanctions Six Individuals, Four BDCs Over Terror Links

The Central Bank of Nigeria (CBN) has directed banks, payment service banks and other regulated financial institutions to immediately freeze all accounts, assets and...

Dangote Refinery Records 23% EBITDA Margin as Pre-IPO Frenzy Mounts

The Dangote Petroleum Refinery and Petrochemicals complex has established itself among the world’s most profitable downstream assets, printing a striking 23% EBITDA margin last...

Iraq Warns it May Quit OPEC if it Doesn’t Get Quota Hike

Iraq has warned it may ultimately consider leaving OPEC unless the group accommodates it with a higher oil production quota, just a few months...

Micron Surges After AI-fueled Forecast Shatters Estimates

Micron Technology Inc., the largest U.S. maker of computer memory chips, surged in premarket trading after its quarterly sales forecast crushed Wall Street estimates,...

Aradel Gets ‘BUY’ Call With 47% Upside to ₦2,577 Despite Heavy Post-Acquisition Debt Load

Equity research analysts at Meristem Securities have slapped a conviction BUY rating on Aradel Holdings Plc, forecasting a 47.29% upside potential to a target...

Flutterwave Says Enterprise-Grade Payment Infrastructure is Crucial for the Growth of African Businesses

The Head of SME Business at Flutterwave, Bolanle Baruwa, has praised the growth of Africa’s fintech ecosystem, stating that the continent’s payment infrastructure is...

Nigeria SEC Halts Hype Machine Surrounding Planned Dangote Refinery IPO

Nigeria's apex capital market regulator has cracked down on a rogue marketing frenzy surrounding Africa's largest single-train refinery, warning that brokers are soliciting cash...

MTN Nigeria Vs Airtel Africa: Battle for Market Share Heightens

MTN Nigeria and Airtel Africa are the two largest telecommunications companies in the country, and their stocks have delivered exceptional returns to long-term investors....

Dangote Refinery Refutes Alleged Claims on PMS Export and Re-importation

The Management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of unfounded and misleading claims suggesting that its petroleum products...

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