Business
Business news…
Oando Wins ‘Deal of the Year’ at Africa Energy Week for $783M Agip Acquisition
Oando PLC, a leading name in Africa’s energy industry, has secured the prestigious ‘Deal of the Year’ award at the Africa Energy Week (AEW) 2024 for its monumental acquisition of the Nigerian Agip Oil Company (NAOC).
The award, given during … Continue Reading
Jumia’s Losses Mount
Jumia Technologies AG, Africa’s largest e-commerce platform, reported a challenging third quarter for 2024, with an operating loss of $20.1 million, a slight decline from the $18.3 million loss recorded in the same period last year.
The company’s Q3 results, … Continue Reading
MTN Plunges into N514.9bn Loss Amid Subscriber Decline
MTN Nigeria Communications Plc has reported a staggering N514.9 billion loss for the nine months ending September 30, 2024.
Despite a N4.1 billion profit after tax (PAT) in the third quarter, the company’s overall PAT, adjusted for net foreign exchange … Continue Reading
Dangote’s Refinery Raises Fears of Monopoly in Nigeria’s Oil Sector
The recent launch of the Dangote Refinery, Africa’s largest oil refinery, has set the Nigerian oil sector abuzz, with some industry stakeholders expressing concern that Aliko Dangote’s growing influence could lead to monopolistic control, impacting both market competition and consumer
… Continue Reading
Art Heist Shocks Dutch Gallery: Andy Warhol’s “Reigning Queens” Stolen in Explosive Break-In
Thieves use explosives to steal two Andy Warhol screenprints from Dutch gallery, abandoning others that didn’t fit in the getaway car
AMSTERDAM, NETHERLANDS- Two of Andy Warhol‘s iconic “Reigning Queens” artworks were stolen in a daring heist at the … Continue Reading
Russia Slaps Google with $20,000,000,000,000,000,000,000 Fine—More Than the World’s Wealth Combined
Russian Court Imposes Unpayable $20 Decillion Fine on Google, Surpassing Global Wealth Over Censorship and Content Control
In an extraordinary ruling, a Russian court has reportedly fined Google an astronomical $20 decillion—an amount surpassing the entire global economy by an … Continue Reading
Ghana Turns to Dangote Refinery for Petroleum Imports, Eyes Broader Regional Collaboration
Ghana Eyes Dangote Refinery Imports to Boost Energy Security and Strengthen West African Economic Ties
In a move to strengthen energy security and deepen regional ties, the National Petroleum Authority of Ghana (NPA) is looking to import refined petroleum products … Continue Reading
Zhang Yiming’s Net Worth Soars as TikTok Expands Globally, Making Him China’s Richest Person
TikTok’s Success Catapults ByteDance Co-founder Zhang Yiming to Top of China’s Rich List Amid Economic Challenges
Zhang Yiming, co-founder of ByteDance, has claimed the title of China’s wealthiest individual, driven by the explosive popularity of TikTok, the social … Continue Reading
Media Maven Peace Hyde Speaks On The Future Of Leadership
The World Economic Forum, Young Global Leaders annual summit took place in Singapore this year where the community which acts as an accelerator for a dynamic community of exceptional people with the vision, courage, and influence to drive positive change … Continue Reading
Nvidia Surpasses Apple, Briefly Becomes World’s Most Valuable Company at $3.53 Trillion
Chipmaker Nvidia briefly Surpass Apple, driven by surging demand for AI technology.
Nvidia has once again surged ahead in the stock market, briefly surpassing Apple to become the world’s most valuable company with a staggering valuation of $3.53 trillion. The … Continue Reading