Nigerian billionaire Abdulsamad Rabiu has seen his net worth climb to $12.3 billion, following strong stock performance from BUA Cement and BUA Foods. The industrialist, founder and chairman of BUA Group, gained nearly $915 million in a single day, reinforcing his position as Africa’s fourth-richest individual. Analysts attribute the surge to robust domestic demand in […]
Abuja, February 18, 2026 — President Bola Ahmed Tinubu has signed the Electoral Act 2026 (Amendment) Bill into law, giving legal force to the framework that will govern Nigeria’s 2027 general elections. The signing, which took place at the Presidential Villa, Abuja, follows swift approval by both chambers of the National Assembly. Key Provisions of
Tinubu Signs Electoral Act 2026: What It Means for the 2027 Elections Read More »
President Bola Tinubu has signed Executive Order 9, a sweeping directive aimed at stopping revenue leakages from Nigeria’s oil and gas sector and ensuring that all proceeds flow directly into the Federation Account. The order targets royalty oil, tax oil, profit oil, and profit gas under production sharing contracts, suspending NNPC’s previous retention of management
Tinubu Cracks Down on Oil Revenue Leaks with Executive Order 9 Read More »
MTN Group has announced plans to acquire full ownership of IHS Towers, after the IHS board accepted an offer of US$8.50 per share, a move that would see MTN increase its stake from 24.7 per cent to 100 per cent and take the company private. The proposed transaction, which remains subject to shareholder and regulatory
MTN Moves TO ACQUIRE IHS TOWERS IN $ 2.2BN DEAL FULLY, Plans NYSE Delisting Read More »
Africa’s richest businessman, Aliko Dangote, has elevated his daughters to senior executive positions within the Dangote Group, signalling a structured succession plan and renewed push for global expansion. Under the new leadership arrangement, Halima Dangote will oversee the Group’s Family Office and international operations, with strategic oversight of activities in Dubai and London. Fatima Dangote
Dangote Appoints Daughters to Key Executive Roles as Group Targets $100bn Valuation Read More »
Washington / Detroit — Ford Motor Company has held discussions with United States government officials over a potential framework that could allow Chinese electric vehicle (EV) manufacturers to produce cars in the US through partnerships with American automakers, according to a Bloomberg report. The engagement, which reportedly involved senior Ford executives and officials linked to
Ford Explores China EV Partnerships as US Security Scrutiny Intensifies Read More »
Former presidential candidate and chieftain of the African Democratic Congress (ADC), Peter Obi, has ignited public debate after warning that voters must remain vigilant in protecting their ballots during the 2027 general elections, declaring that The remark, delivered in the context of urging electoral transparency and civic responsibility, has been widely interpreted as a call
“If You Don’t Count Votes, You’ll Be Counted: Obi’s Words Stir 2027 Tension” Read More »
Proceedings in Türkiye’s Grand National Assembly were disrupted on Wednesday after a heated confrontation broke out among lawmakers during a parliamentary sitting. The incident, which was captured on video and circulated widely on social media, showed members of rival political parties shouting, pushing and engaging in physical scuffles on the floor of the chamber, forcing
Rancour Disrupts Turkish Parliament Sitting Read More »
Nigeria has secured a permanent position on the Board of the proposed African Central Bank (ACB) following key decisions taken at the African Union (AU) Executive Council, reinforcing the country’s influence over Africa’s evolving financial and monetary integration agenda. The development was confirmed by Minister of Foreign Affairs, Yusuf Tuggar, who said the decision reflects
Nigeria Secures Permanent Seat on Board of Proposed African Central Bank Read More »
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record ₦636 billion in loans to Nigerian businesses in 2025, describing the performance as a major boost to economic recovery and industrial growth. In a statement by the Presidency, Tinubu said the milestone reflects the impact of ongoing economic reforms and
Tinubu Commends BOI for Record ₦636bn Financing, Backs Role in Economic Recovery Read More »
