A respected Ghanaian economist, Mr. Appiah Kusi Adomako, has thrown his weight behind Communications Minister Sam George’s demand for a reduction in DSTV subscription prices, calling out MultiChoice Ghana for …
Economy
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FDH Bank to Acquire Ecobank Mozambique in Expansion Drive
FDH Bank Plc has taken a bold step in its ambition to become a key player in Africa’s financial sector by announcing the acquisition of a controlling 98.87% stake in …
- EconomyEnvironmentFashionLifestyleSocial MediaYouth
Online Search Surge Reveals Fast Fashion Overconsumption Trend
In today’s digital age where everything happens fast, from breaking news to changing fashion, one shocking trend has caught global attention — the rise in overconsumption and fast fashion. According …
- BusinessCapital MarketEconomyFinance & ServicesManufacturingOil & Gas
Aliko Dangote’s Wealth Hits $29.3bn, Now 72nd Richest Person Globally – Bloomberg
Africa’s richest man, Aliko Dangote, has seen his personal fortune grow to $29.3 billion as of August 5, 2025, according to the Bloomberg Billionaires Index. This latest ranking places him …
- EconomyEnergyEnvironmentGovernanceInfrastructure
FG Targets 5 Million Homes with Clean Cooking Gas by 2030
The Federal Government has revealed plans to move five million Nigerian homes to clean cooking by the year 2030 through its Liquefied Petroleum Gas (LPG) penetration programme. This was disclosed …
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Elin Air Completes First-Ever 7,800-Landing Check on Challenger Jet in Nigeria
Elin Air and Aviation Services has successfully completed a major 7,800-landing maintenance check on a Bombardier Challenger CL604 aircraft at its hangar in Nigeria. This marks the first time such …
- BusinessCapital MarketEconomyFinance & ServicesNewsNigeriaOil & GasRegional Cooperation
Conoil Records Sharp Drop in Half-Year Profit as Revenue and Costs Take a Toll
Conoil Plc, one of Nigeria’s oldest petroleum marketing companies, has reported a significant drop in its profit after tax for the half-year period ended June 30, 2025. According to the …
- BusinessEconomyFood ProductionManufacturingNigeriaRetail
UAC Records N110.4bn Half-Year Revenue, Sees 91% Rise in Underlying Profit
UAC of Nigeria Plc has announced that its revenue rose to N110.4 billion in the first half of 2025, marking a 33 per cent increase compared to the same period …
- BusinessEconomyFinance & ServicesManufacturing & Consumer GoodsMarketsNigeria
Nestlé Nigeria Returns to Profit with N50.6bn Half-Year Gain After Heavy Loss in 2024
Nestlé Nigeria Plc has bounced back to profitability, posting a profit after tax of N50.6bn for the half-year period ended June 30, 2025. This strong recovery comes after the food …
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NGX Market Capitalisation Increases by N459bn as BUA Cement
The Nigerian Exchange Limited (NGX) continued its upward momentum on Tuesday, August 6, 2025, as the market saw renewed buying interest in major stocks. The All-Share Index (ASI) climbed by …