MTN Group, the largest network operator in Africa by subscriber base, has announced the successful completion of the sale of its operations in Guinea (known as “MTN Guinea-Conakry”) to the government of Guinea. The company made this announcement in a statement released on Thursday, which was obtained from its website. The deal, concluded on December […]
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John Holt Plc has released its financial report for the year ending September 30, 2024, showing a pre-tax profit of N2.5 billion. This marks a significant improvement from the pre-tax loss of N1 billion recorded in the same period in 2023. The company achieved a 71.92% increase in revenue, rising to N3.1 billion from N1.8 […]
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The United Arab Emirates (UAE) has emerged as the largest investor in new business projects in Africa, committing $110 billion between 2019 and 2023. This investment surpasses those made by the UK, France, and China, with $72 billion directed towards renewable energy projects. Major Emirati companies, such as Dubai’s DP World and Abu Dhabi Ports, […]
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Amazon has announced a $1 million donation to U.S. President-elect Donald Trump’s inaugural fund. An Amazon spokesperson confirmed the contribution on Thursday, stating: “Amazon is donating $1 million to President-elect Donald Trump’s inaugural fund.” The company’s Prime Video service will also stream the inauguration, with the in-kind contribution valued at $1 million. Meta, the parent […]
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Luxembourg is set to enhance work opportunities in 2025, positioning itself as an attractive destination for skilled professionals worldwide. Renowned for its robust economy, the country is implementing new visa policies and focusing on emerging industries to expand its job market. As the demand for specialized skills grows, Luxembourg aims to retain global talent while […]
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The shareholders of FBN Holdings have approved the company’s plan to raise up to N350 billion in additional capital and change its legal and brand names. The approval was granted during the company’s virtual Annual General Meeting (AGM), and the resolutions made at the meeting were filed with the Nigerian Exchange Limited on Friday. In […]
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MultiChoice Group Limited has written off $21 million deposited in Nigeria’s Heritage Bank after the financial institution’s liquidation earlier this year. This was disclosed in the company’s interim financial statements for the half-year ending September 30, 2024.The sum was classified as irrecoverable after the Central Bank of Nigeria revoked Heritage Bank’s operating license, effectively shutting […]
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The Consul-General at the United States Consulate General in Lagos, Mr. Will Stevens, has stated that the launch of the Kangoexpress Shipping Company will strengthen the business ties between Nigeria and the United States. Speaking at the official launch event in Lagos, Stevens expressed his enthusiasm, saying, “I wish Kangoexpress had been operating in Nigeria […]
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Access Holdings Plc has announced that its banking subsidiary, Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by total assets. This announcement was made in a disclosure published on the Nigerian Exchange (NGX) platform, dated November 14, 2024, […]
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Businessman Abdullahi Abiola has called on the Central Bank of Nigeria (CBN) to urgently settle matured foreign exchange forward contracts with banks and manufacturers to prevent the collapse of struggling businesses and the associated economic consequences, including rising unemployment. Abiola, a printer whose business relies on importing foreign printing materials, also appealed to President Bola […]
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