Shell Plc will receive two final bids for its stake in its Nigerian joint venture this week from Tony Elumelu’s Heirs Holdings and local firm ND Western Limited, Bloomberg reported …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- BusinessEnergyOil & GasWestern Africa
On Wednesday June 8, UBA said it had redeemed its debut $500 million five-year Eurobond notes which matured. Note that UBA bank repurchased $310.9 million of the notes in 2021 …
- EconomyManufacturing & Consumer GoodsNewsNigeriaWestern Africa
NGX: Market capitalisation loses N42 billion on Wednesday
The Nigerian Exchange Ltd., (NGX) on Wednesday ended three consecutive sessions of gain with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a loss of N42 …
Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since …
- BusinessGlobal NewsSpotlightTrending Today
Twitter shares internal data at Elon Musk request ending deal stand off
On Wednesday, the Washington Post reported that Twitter will yield to Elon Musk’s demand for internal data central to a standoff over his troubled $44 billion (R673 billion) bid to …
Profits for the 52 weeks to end April at Mr. Price has experienced a sales growth due to strong retail sales growth and the acquisitions of Power Fashion and Yuppiechef …
- AgricultureEconomySouth Africa
South Africa prepares for hard locust season, plans to use US tracking tech
South Africa is banking on a tracking technology backed by the institute of Microsoft’s late co-founder, Paul Allen to tackle the infestation, bracing for a repeat of last season’s locust …
- BusinessSouth Africa
Airlink helps stranded British Airways passengers, kulula.com to refund sale tickets
Comair a leading South African aviation company that is listed on the Johannesburg Stock exchange (JSE:COM) struck a deal with Airlink to help out stranded British Airways passengers with new …
Ibom Air, the commercial airline owned by the Akwa Ibom State government, has said it would be celebrating with “customers and our community” as the airline clocks three years of …
Capital Town-headquartered venture capital (VC) firm HAVAÍC has announced the completion of its first investment in ShopEx, a Nigeria retailer. HAVAÍC says it is investing US$400,000 from its US$20 million …