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TotalEnergies to invest $6bn in Nigeria's Deepwater

TotalEnergies Q1 pre-tax profit jumps 70% to ₦1.9bn

  • 2nd May 2026

Access Holdings Q1 pre-tax profit rises 22% to

  • 2nd May 2026
Abia to launch electric transport system July — Otti

Abia to clear 20-year gratuity backlog with N10bn

  • 2nd May 2026

Apple warns of worsening memory shortage

  • 1st May 2026

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Dangote denies rift with Elumelu over refinery financing claims

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World Bank warns of 60% urea price surge

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African carriers post strong 19.2% rise in international traffic

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Lagos shuts down Lekki Conservative Centre
News

Lagos shuts down Lekki Conservative Centre

The Lagos State government, through the Lagos State Safety Commission, has ordered the immediate shutdown of the Lekki Conservation Centre. In a Facebook post on Monday, the centre stated, “Following the viral social media post on the State of the facility at the Lekki Conservation Centre, the Lagos State Government through its agency, Lagos State […]

10 oldest African billionaires in 2024
News

10 oldest African billionaires in 2024

Within this vast economy are high-net-worth individuals whose entrepreneurial zeal and long-term success have made headlines for decades. These elderly billionaires have navigated economic downturns, political upheaval, and shifting market landscapes, putting their resilience to the test. However, their capacity to adapt, innovate, and overcome adversity has been critical to their sustained success. AMBusiness highlights […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin falls to $30K

Alex Omenye Despite the United State’s government endorsing Bitcoin Spot ETFs, the price of bitcoin fell precipitously in January. A striking contrast to the lofty trusts that the cryptocurrency sector had before the SEC made its decision. Bitcoin ETFs have sparked intensely optimistic estimates for the price of BTC and have been hailed as a […]

Tunisia clears all 2023 debts despite financial pressure
News

Tunisia clears all 2023 debts despite financial pressure

Tunisia has managed to pay off all of its internal and external debts for 2023, despite significant pressure on the state resources. Reuters reported that this was confirmed by the Finance Minister, Sihem Boughdiri on Monday, putting an end to concerns about the possibility of a default. However, an official document stated that Tunisia will pay $4 billion in […]

Otedola asks top First Bank official to resign over 'wasteful party'
Business featured

Forbes: African billionaires’ combined wealth hits $82.4bn

Forbes estimates that Africa’s wealthiest individuals have a combined net worth of $82.4 billion, and the return of Nigerian billionaire investor Femi Otedola to the list has boosted their fortunes. According to The Times, prior to Otedola’s return to Forbes as Nigeria’s fourth richest person with $1.2 billion, the combined wealth of Africa’s billionaires was […]

Apple to pay artists to have spatial versions
Business

Apple to pay artists for spatial versions

Alex Omenye Apple has disclosed it will pay additional royalties starting this month to artists to have a spatial audio version on Apple Music. The royalties will be up to 10% if an artist has all their songs in spatial audio, according a report by 9to5Mac. “Pro-rata shares for Spatial Available plays will be calculated […]

Equity market maintains positive trend with N673bn gain
Business

Equity market maintains positive trend with N673bn gain

The equity market continued to rise on Monday, with investors gaining N673 billion. The PUNCH reported that the All-Share Index and the exchange’s market capitalization increased by 1.30 per cent at the end of trade to close at 95,768.12 basis points and N52.408tn, respectively. Market participation decreased despite the favourable trading, as the volume and value of […]

Bricklinks Africa's revenue falls by 9%
Business

Bricklinks Africa’s revenue falls by 9%

Internet Service Provider, Bricklinks Africa, has reported a 9.82 per cent revenue decline for the fiscal year ending December 2023. The PUNCH reported that according to the financial statements for the fiscal year ending December 31, 2023, filed with the Nigerian Exchange Limited on Monday, the ISP’s turnover decreased to N96.770m from N107.312m in 2022. During […]

FIRS announces new TAXPR-MAX platform for CbCR
News

FG approves new organizational structure for FIRS

The Federal Government has authorized a new organizational structure for the Federal Inland Revenue Service to improve operations. The agency announced this on Monday in a statement signed by the Special Adviser Media to the Executive Chairman of FIRS, Dare Adekanmbi. It announced that it would be undertaking a massive restructure. He claimed that the […]

Mozilla accuses Google, Apple, Microsoft of blocking users
Tech

Mozilla accuses Google, Apple, Microsoft of blocking users

Software company, Mozilla, has accused Apple, Google, and Microsoft of using their control over hardware and operating systems to force more people to use their browsers. The company said in a recent blog post that Mozilla’s Firefox browser is being disadvantaged as a result of Microsoft, Google, and Apple making it difficult for people to […]

Google signs $3bn US hydropower deal amid AI energy race
Tech

Alphabet’s X lab lays off staff

Alphabet’s division dedicated to developing new technologies is letting go of dozens of employees, Bloomberg News reported on Monday. X Lab is restructuring its organizational structure to facilitate the easier spin-out of its projects from the division with backing from Alphabet and other investors. Support staff members were the primary targets of the layoffs. “X […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote cement hits historic N10trn market capitalization

Dangote Cement’s market capitalization surpassed N10 trillion at the conclusion of trade on Monday, making it the first business to reach that milestone on the Nigerian Exchange. According to The PUNCH, it closed trading with a market capitalization of N10.098tn. In eight months of Tinubu’s administration, Nigeria’s stock market has led the world. Dangote Cement […]

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