Business

Moniepoint founder and Chief Executive Officer, Tosin Eniolorunda has revealed that the company’s first significant funding round came from banking mogul Jim Ovia. According to Tosin, Mr Ovia wrote a $5.5 million cheque for 20% […]

Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process Licensors, marking a significant milestone in the facility’s operational […]

The arraignment of United Bank for Africa (UBA) Plc, and four others for an alleged N4.29bn foreign exchange fraud before Justice Rahman Oshodi of the Lagos State Special Offences Court sitting in Ikeja was, on […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting. The decision was reached at the latest MPC […]

… South African investors eye investment opportunities President/Chief Executive, Dangote Group, Aliko Dangote, has said the planned listing of the Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange is designed to democratise wealth creation […]

… Raises Investment in Ethiopia to $4 Billion President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments, declaring that the continent has the […]

Alhaji Abdul Samad Rabiu, founder and chairman of BUA Group, has challenged African leaders and businesses to move the continent away from merely exporting raw commodities toward coordinated industrial production capable of transforming Africa’s economic […]

Zenith Bank has announced the retirement of its founder and group chairman, Jim Ovia. Ovia’s retirement followed the expiration of his tenure. Zenith Bank announced its founder’s exit on Tuesday during the bank’s ongoing 35th […]