Ikeja Hotels Plc, one of Nigeria’s top hospitality companies, has reported a remarkable 247% increase in after-tax profit, reaching ₦7.2 billion for the year ending December 31, 2024, up from …
Africa’s energy sector is drawing attention from powerful global players, with Russia positioning itself as a key partner. The continent, rich in oil, gas, and other natural resources, stands at …
Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …
The sixth annual Venture Capital Activity in Africa report has revealed that Africa’s venture ecosystem experienced a 22% decline in deal volume and a 28% drop in deal value in …
The Raw Materials Research and Development Council (RMRDC) is calling on the rubber industry to support efforts to amend its founding Act to prevent the export of raw materials from …
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
Nigeria’s net foreign exchange reserves (NFER) have risen to $23.11 billion at the end of 2024, according to the Central Bank of Nigeria (CBN). This figure is $15.6 billion lower …
West Africa’s most significant mergers and acquisitions, along with the financial and legal advisers behind them, have been recognised in the recently released 2024 DealMakers AFRICA Annual Awards. The awards …
South Africa’s rand made gains on Monday, strengthened by a surge in gold prices and growing optimism about a potential agreement between the country’s two largest political parties on the …
Guaranty Trust Holding Company Plc (GTCO) has announced an impressive 107.8% growth in profit before tax, reaching N1.266 trillion for the financial year ended December 31, 2024. This marks a …