Business
Access Corporation Ventures into Standalone Digital Lending with Oxygen X
Access Corporation, the parent company of Nigeria’s leading bank, is set to launch Oxygen X, a dedicated consumer lending subsidiary aimed at providing...
Shell agrees to sell NGN onshore subsidiary, SPDC for US$1.3bln
The British multinational and second largest investor-owned oil and gas company, Shell Plc, has reached an agreement to sell its Nigerian onshore subsidiary—The...
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...
Tinubu Approves Revival of Ajaokuta’s Light Steel Mill
President Bola Tinubu, in a meeting held at the State House in Abuja, has officially approved the relaunch of the Light Steel Mill...
BlackRock to Buy GIP, Adebayo Ogunlesi’s Firm, at $12.5 Billion
Adebayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners (GIP), is set to join BlackRock’s board and global executive committee in exchange for...
Global Risks Report 2024: Short- and Long- Term Threats to Expect
This week, the World Economic Forum published a 2024 Global Risks Report ahead of its 54th annual meeting in Davos, Switzerland. The report...
AI-Driven Disinformation, the Most Immediate Threat to Global Economy- WEF
In its latest Global Risks Report, the World Economic Forum highlights a significant and immediate risk to the global economy: AI-driven disinformation. AI...
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...
CBN Sacks Board and Appoints New Executives for Union Bank, Keystone, and Polaris
The Central Bank of Nigeria (CBN) has appointed new executives to direct the affairs of Union Bank, Keystone Bank, and Polaris Bank after...