Shoprite Holdings, Africa’s largest supermarket chain, is gradually winding down operations in more African countries as it shifts attention back to its core market in South Africa. According to analysts …
Banking, Finance & Investment
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BusinessCorporate StrategyEconomyInternational TradeINVESTMENTRetail
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EconomyEnergyGOVERNMENTInfrastructureINVESTMENTOil & Gas
Lokpobiri Begs EPC Contractors to Return as Nigeria Seeks Oil Sector Revival
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has called on Engineering, Procurement, and Construction (EPC) companies that exited Nigeria in recent years to return, as the country pushes for …
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AgribusinessAgricultureEconomyFood ProductionGovernment PolicyINVESTMENTNigeria
NSDC Urges Nigerian Farmers and Investors to Explore Sugar Industry Opportunities
The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has urged members of the All Farmers Association of Nigeria (AFAN) and other potential investors to take …
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BusinessEconomyEnergyINVESTMENTPublic Sector
South Africa’s Capital Projects Drop Amid Low Government Investment
South Africa’s plan to spend more on new capital projects has dropped sharply in the first half of 2025, as both the government and state-owned companies failed to introduce fresh …
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AviationEconomyInfrastructureINVESTMENTNigeria
Port Harcourt Airport Generates N21.41bn in 3 Years, Eyes PPP for Future Growth
The Regional General Manager, South South, and Airport Manager of the Obafemi Jeremiah Awolowo International Airport (PHIA), Omagwa, Mrs. Ifesinachi Lynda Ezike, has revealed that the airport generated N21.41 billion …
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DevelopmentEconomyInnovationINVESTMENTStartupsTechnology
NSIA Rewards Top Nigerian Startups With $280,000 Innovation Prize
The Nigeria Sovereign Investment Authority (NSIA) has awarded a total of $280,000 to promising Nigerian startups at the grand finale of the third edition of its NSIA Prize for Innovation, …
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BusinessDiasporaEconomyEmploymentINVESTMENTNigeriaReal EstateTravel & Tourism
Pelican Valley CEO Says Real Estate Can Cut Nigeria’s Unemployment by 50%
Dr. Babatunde Adeyemo, the Chief Executive Officer of Pelican Valley Nigeria Limited, has said that Nigeria can reduce its unemployment rate by 50 percent if the country embraces real estate …
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Banking, Finance & InvestmentEducationSocial Development
Wema Bank Empowers Nigerian Students, Boosts Education and SDG Goals
Education remains one of the strongest tools for shaping the future of any society, especially among young people. It equips individuals with knowledge and skills, promotes good decision-making, and helps …
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BusinessEconomyHealthcareINVESTMENTStartupsTechnology
W Health Ventures Plans $100 m for Indian Health Startup Growth
W Health Ventures, a health-focused investment company, is planning to raise a new fund of $70 million (about ₦105 billion) with a possibility of going as high as $100 million …
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Banking, Finance & InvestmentBusiness and EconomyCapital MarketCorporate Earnings
FCMB Grows Half-Year Profit to N73.4bn in 2025
FCMB Group Plc has announced a strong financial performance for the half-year period ended June 30, 2025, showing major growth in revenue, profit, and customer deposits, despite some challenges in …