Business

President Bola Tinubu arrived in Nairobi, Kenya, for the Africa–France “Africa Forward” Summit. This event, co-hosted by French President Emmanuel Macron and Kenyan President William Ruto, aims to address key issues such as the energy transition, green industrialisation, digital transformation, and global financing reforms. The summit brings together leaders from…

Aliko Dangote’s wealth has crossed the $35 billion mark, strengthening his position as Africa’s richest man and one of the world’s top billionaires. According to the Bloomberg Billionaires Index cited by Business Insider Africa, Dangote’s net worth rose to $35.9 billion. The jump added about $1.03 billion to his wealth…

FirstHoldCo Plc wants shareholders to approve a fresh capital raise as it pushes toward a N1 trillion paid-up capital base. The holding company, which owns First Bank of Nigeria, will present the proposal at its 14th Annual General Meeting scheduled for May 29, 2026. The move forms part of a…

FirstHoldCo Plc delivered impressive financial results for the first quarter of 2026, recording a 72.2% year-on-year increase in profit before tax (PBT). The company’s PBT surged to ₦321.12 billion, up from ₦186.48 billion in the same period of 2025, bolstered by strong interest income and robust fee generation.  FirstHoldCo’s Q1…

The African Development Bank (AfDB) has greenlit a significant $61 million financing package to improve access to credit for women-led and women-owned businesses in Nigeria. This initiative is particularly focused on key sectors such as agriculture, clean energy, and healthcare. The bulk of the funds will be channelled through the…