Bolt, one of Africa’s largest ride-hailing companies, has announced that its top 50 drivers in Nigeria earned an average of N9,662,105 in the first half of 2025. This translates to …
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BusinessCorporate EarningsEconomyNewsTechnologyTransportation
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Business and EconomyForeign AffairsINVESTMENTMiningNatural ResourcesNews
De Beers Discovers First New Kimberlite Field in Angola After 30 Years
De Beers, the global diamond giant, has made a significant discovery in Angola—its first kimberlite field in three decades. The announcement came on Tuesday, August 12, 2025, from the company’s …
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EgyptGovernment PolicyHousingLegal AffairsNewsReal EstateTenants and Landlords
Egypt Begins Implementation of New Old Rent Law Procedures
Egypt’s Ministry of Housing has announced the start of official steps to implement the new “old rent” law, with a focus on Article 8, which defines the rights and responsibilities …
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BusinessCorporate EarningsFinanceInsuranceNewsNigeria
FBS Reinsurance Grows Insurance Revenue by 85% to N50.9bn in 2024
FBS Reinsurance Limited, an indigenous player in Nigeria’s insurance sector, has reported a strong financial performance for the 2024 financial year, with insurance revenue rising by 85 per cent to …
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GovernanceHuman RightsJudiciaryJustice SystemMALAWINews
Malawi to Clear 2,500 Court Cases by Year-End
The Malawi Judiciary has announced new steps to clear its growing backlog of cases, aiming to reduce delays that have long frustrated court users and weakened public confidence in the …
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GOVERNMENTInfrastructureNewsNigeriaPublic SafetyTransportation
Train Coach Detaches in Motion, Causes Panic in Lagos
There was panic along the Lagos-Abeokuta Expressway on Thursday morning after a train coach detached while the train was in motion near the busy Ladipo area of Lagos. The incident …
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AviationBusinessEconomyInfrastructureNewsTechnology
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 …
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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 …
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BusinessEconomyEnergyGOVERNMENTInfrastructureNewsNigeriaPoliticsPower Sector
Enugu blackout: States insist on licensing new Discos, accuse EEDC of blackmail over tariff cut
The Enugu Electricity Distribution Company (EEDC) is facing heavy criticism from state governments after it drastically cut power supply to MainPower Electricity Distribution Limited (MEDL), leaving parts of Enugu State …
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BusinessEventsInsuranceNewsState News
Veritas Kapital Hosts Lagos Car Safety Clinic with K-Cool, Car Love Show
Veritas Kapital Assurance Plc has launched a new road safety initiative in Lagos aimed at reducing vehicle-related accidents and promoting car maintenance awareness among Nigerians. The event, held at the …