Sweden Opens Trade Office in Nigeria as Royal Visit Cements Closer Ties.
Abuja, Nigeria – There was a real sense of forward movement at the Presidential Villa in Abuja on Monday. It wasn’t just the standard diplomatic handshakes...
BUA Foods, Led by Abdul Samad Rabiu, Record $610 Million Revenue with a Remarkable 74% Growth in 2023
BUA Foods Plc, a prominent food conglomerate under the BUA Group and predominantly owned by Nigeria’s second-richest man, Abdul Samad Rabiu, has announced an exceptional...
Otedola Appointed Board Chairman of FBN Holdings
Billionaire investor, Femi Otedola, has been named as chairman of FBN Holdings Plc, the financial institution’s management announced on Wednesday. Otedola succeeds the outgoing Chairman of...
Core DAO Launches African Innovation Fund: Empowering Web3 Builders with $5 Million Cash Prize!
Explore the groundbreaking African Innovation Fund by Core DAO, offering resources and networks to support local Web3 projects across Africa. Dive into the vibrant web3...
A Decade of Brilliance: MTN Foundation-backed ‘Saro, The Musical’ Lights Up Lagos in Celebration of Nigerian Culture.
In a dazzling display of artistic prowess, the Terra Kulture Theatre in Victoria Island, Lagos, was aglow on December 23, 2023, as the celebrated Nigerian...
Dangote Refinery: Africa’s biggest diesel, aviation fuel refinery Starts Production.
Africa’s biggest diesel and aviation fuel refinery built by the continent’s richest man has started production, the company said on Saturday, calling it a “big...
MAKA, Nigerian Social Commerce Startup, Secures $2.65 Million in Pre-Seed Funding for Scaling Operations.
Founded by CEO Diana Owusu-Kyereko in 2021, MAKA is an interactive social commerce platform which, through live try-on hauls, reviews, and user-generated content from both creators and...
Access Holdings and First Bank of Nigeria Holdings Surpasses N1 Trillion Market Capitalization on the Nigerian Exchange.
Access Holdings Plc and the First Bank of Nigeria Holdings have crossed N1tn market capitalisation at the close of Tuesday’s trading on the Nigerian Exchange...
Transcorp, Chams, CWG post over 700% return on Investment.
It was a harvest of capital gains for the shareholders of Transcorp Hotels Plc, Chams Holding Company Plc and CWG Plc, as they led the...
A Tribe Called Judah’ Achieves Record-Breaking N1 Billion Box Office Revenue.
Since its release on December 15, 2023, ‘A Tribe Called Judah’ has consistently shattered records, marking historic achievements in Nollywood’s realm. Within three weeks of...
Co-Creation Hub Appoints Ojoma Ochai As Managing Director
Africa’s largest innovation centre, Co-creation Hub (CcHUB), has appointed Ojoma Ochai as its new Managing Director. This decision comes as former CEO Bosun Tijani transitions commendably to...
Application for $10m Web3 Business Grant Program Portal Open – Apply Now.
Powering Web3 Fuse has created a tailored ecosystem and infrastructure to meet businesses’ specific needs, guaranteeing efficiency and reliability. We provide grants to advance Web3...
Victor Osimhen and Asisat Oshoala clinch top honours at CAF Awards 2023.
Nigerian football sensations Victor Osimhen and Asisat Oshoala emerged as the African Men’s and Women’s Players of the Year at the prestigious CAF Awards 2023...
Dangote Refinery Receives Its Maiden Crude Cargo.
In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote (www.Dangote.com) Petroleum Refinery and Petrochemicals plant has purchased 1...
Ngozi Okonjo-Iweala And Mo Abudu Listed Among Forbes’ 100 Most Powerful Women.
Currently, Abudu and Okonjo-Iweala are producing the documentary series, Black, Brilliant and Bold for Netflix. The Director-General, World Trade Organization, Ngozi Okonji-Iweala, and media mogul,...
Victor Osimhen Clinches Footballer of the Year at AIC Oscar del Calcio Awards 2023.
Victor Osimhen, the electrifying forward from both Super Eagles and Napoli, continues his triumphant run by clinching the prestigious 2023 Footballer of the Year accolade...
Afreximbank’s President Benedict Oramah emerges FORBES AFRICA’s 2023 Person of the Year.
Nominations for FORBES AFRICA Person of The Year are submitted by members of the magazine’s editorial and research teams, including journalists from its bureaus across...
Tariye Gbadegesin Makes History as Climate Investment Funds’ First African CEO.
Tariye Gbadegesin, a Nigerian-US national, has been appointed as the chief executive officer (CEO) of Climate Investment Funds (CIF), marking the first time an African...
Nigerian trade finance startup FrontEdge secures $10m funding to scale operations.
Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised US$10 million in debt and equity funding to scale operations...
United States (U.S.) and African Development Bank Collaborate to Accelerate Africa’s Digital Transformation
The U.S. Commercial Service and the African Development Bank (www.AfDB.org) have announced a new strategic collaboration in a move to drive digital transformation across Africa. Unveiled...
Nigeria, Germany Seal $500m Gas, Renewable Energy Deal.
The Nigerian government and that of Germany have entered into a bilateral agreement that would see both countries exchanging gas and renewable energy resources. Speaking...
Bank of Industry disburses €100m to Boost Green Energy Expansion in Nigeria.
The Bank of Industry (BOI) has secured a €100 million in financial backing from the French Development Agency to support the expansion of green energy...
Nigeria’s UfarmX expands to Senegal to power next generation of farmers through blockchain.
Nigerian agri-tech startup UfarmX, which leverages blockchain technology to empower rural, unbanked and underserved smallholder farmers, has expanded to Senegal as it aims to reshape...
Ballon d’Or 2023: Osimhen Ranked 8th, Oshoala Ranked 20th.
The prestigious Ballon d’Or rankings saw a celebration for Nigerian talent. Victor Osimhen secured a commendable 8th place ahead of the likes of Luka Modric,...
2023 Africa Movie Academy Awards (AMAA) Winners Unveiled.
The 19th edition of the Africa Movie Academy Awards (AMAA) took place on Sunday, October 29, 2023, at the Balmoral Convention Centre in Ikeja, Lagos. The awards...
Zenith, Access, FBN, others make list of top 100 banks in Africa.
A total of 12 Nigerian banks, including Zenith Bank, Access Bank and FirstBank, have been included in the 100 African Biggest Banks list for 2023. The list compiled by...
SpaceX Starlink and Jumia Join Forces to Expand Satellite Broadband Services in Africa.
SpaceX Starlink and Jumia Technologies AG, an e-commerce platform, join forces to revolutionize satellite broadband services in Africa. This strategic partnership is set to bring...
Wema Bank rewards winners of Hackaholics 4.0 with over N50 million.
IRETI, a health-tech startup that helps women bridge the gap and manages breast cancer, has emerged winner of the Wema Bank’s Hackaholics 4.0. The winner...
Lagos emerged as World’s top payments hub with 7% of all firms founded since 2022 – Report
The commercial city of Lagos, Nigeria, came in joint second with New York in terms of cities with the most cross-border payments startups founded since...