BUA Foods Plc, the consumer staples giant controlled by billionaire Abdul Samad Rabiu, posted a sharp rise in earnings for the year ended Dec. 31, 2025, as Nigerians’ demand for everyday food items pushed revenue higher despite inflationary pressure. The company’s unaudited financial statements show profit after tax of ₦507.7 billion (about $366.6 million), nearly
PayPal has gone live in Nigeria through a new partnership with local fintech Paga, giving Nigerians a feature many have waited years for, which is the ability to receive international payments and access the money locally. Under the arrangement, users can link their PayPal accounts to their Paga wallets, receive funds through PayPal-supported markets, and
Talks about a public listing for Dangote Refinery are advancing quickly and may be the biggest capital-market stories in Nigeria. The reason is that the asset is so large that bringing even a slice of it to market would materially change the Nigerian Exchange (NGX) in terms of size, liquidity, and global visibility. At the
There’s a line I can’t get out of my head as Rivers State drifts, again, towards the edge: “agreement is agreement.” In normal climes, that’s just basic decency. In Nigerian politics, it can become something darker – a coded warning that power is being enforced like a private contract, not exercised like a public trust.
Heineken says CEO and Chairman of the Executive Board, Dolf van den Brink will leave on May 31, 2026, ending nearly six years in the role. The brewer’s supervisory board has started a search for a successor, while Brink will stay on as an adviser for eight months from June 1. The leadership change comes
There is a familiar sound you hear in many African cities at dawn – shutters lifting, okada engines warming, a generator catching its breath, and somebody, somewhere, opening for business even when the numbers don’t yet make sense. That sound is survival, ordinary people improvising prosperity within systems that too often starve citizens of oxygen.
The nomination of oil industry veteran Oritsemeyiwa Eyesan as chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is being widely read as a stabilising move at a moment of deep strain in Nigeria’s energy sector. If confirmed by the Senate, Eyesan will assume one of the most consequential regulatory roles in the country’s
Strive Masiyiwa has always been ahead of the curve. In the 1990s, he challenged Zimbabwe’s telecom monopoly and emerged victorious, bringing mobile phones to millions. Decades later, the billionaire founder of Econet is once again moving in silence, this time laying the groundwork for Africa’s digital future. At the heart of his vision is Cassava
Burkina Faso’s ruling junta, led by Captain Ibrahim Traoré has pulled the plug on a high-profile malaria experiment backed by U.S. billionaire Bill Gates, halting the release of genetically modified mosquitoes that were meant to outsmart one of Africa’s deadliest killers. Traoré recently announced that Target Malaria, the research consortium behind the project, must “cease
Tolaram Group has evolved from what began in the late 1970s as a modest noodle importer to owning the iconic Guinness Nigeria, spearheading the construction of the Lekki Deep Sea Port, and the Lagos Free Zone. Here’s how they did it, and what lessons Nigerian businesses can take from their playbook. Key Takeaways Tolaram is
