A consortium led by Saudi Arabia’s Zahid Group has received the green light from South Africa’s Competition Tribunal to acquire Barloworld in a deal worth R23 billion. The transaction, which …
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Standard Bank warns customers as AI-powered “spoofing” scams surge
Standard Bank has raised the alarm over a sharp rise in “spoofing” fraud, warning customers to be extra careful as criminals now use artificial intelligence tools to sound and look …
- AfricaBusinessCorporate AffairsEconomyINVESTMENTMining
Hilmax Returns Strong with New Investors, Sets Eyes on Expanding Zimbabwe’s Mining Sector
Hilmax Engineering, one of Zimbabwe’s leading engineering service providers to the mining industry, has staged a remarkable comeback after facing a serious survival battle last year. For more than a …
- BusinessEconomyMaritimePublic HealthSecurityTrade
Kirikiri Customs Records N89.2bn Revenue in Six Months
The Nigeria Customs Service (NCS) at the Kirikiri Lighter Terminal (KLT) in Lagos has announced that it collected N89.2bn as revenue between January and June 2025. The amount represents a …
- AfricaBusinessEconomyEnergyMining
Egypt Saves $3.6 Billion on Fuel Imports as Domestic Energy Production Rises
Egypt has announced that it successfully saved about $3.6 billion in fuel import costs during the 2024/2025 fiscal year, thanks to a boost in local energy production. The Minister of …
- BankingBusinessEconomyFinanceWomen Empowerment
UBA Secures N5bn BOI Loan to Support Women-Owned and MSME Businesses
United Bank for Africa Plc (UBA) has obtained a N5bn loan facility from the Bank of Industry (BOI) to support the growth of micro, small, and medium enterprises (MSMEs) in …
- AgricultureBusinessEconomyFinanceInnovationStartupsUrban Development
FCMB, Dutch Bank Launch N20m AgriTech Investment Readiness Programme 2025
First City Monument Bank (FCMB) has joined forces with the Dutch Entrepreneurial Development Bank, FMO, to launch the FCMB–FMO AgriTech Investment Readiness Programme 2025, a new initiative aimed at boosting …
- BankingBusinessDevelopmentEconomyFinanceGovernanceWomen Empowerment
CBN Reaffirms Commitment to Women’s Inclusion at WIMBIZ Mentoring Graduation
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has restated the bank’s commitment to supporting women’s financial inclusion and leadership development as part of Nigeria’s wider plan …
- BusinessEconomyFinanceInsuranceINVESTMENT
Tinubu Signs NIIRA 2025 into Law: A Game-Changer for Nigeria’s Insurance Industry
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Bill 2025 into law, officially making it the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The new law has …
- BankingBusinessCorporate AffairsEconomyFinanceLeadershipNigeria
Zenith Bank Celebrates 35 Years of Excellence, Honours Customers and Staff
Zenith Bank Plc has marked its 35th anniversary in Lagos with a grand celebration that honoured pioneer customers and long-serving staff members. The event brought together stakeholders, business leaders, partners, …