Airtel Africa has taken another bold step to reward investors. The telecom giant has now repurchased 12,864,569 ordinary shares since launching its $60 million share buyback programme in May 2026. According to a filing submitted to the Nigerian Exchange Limited (NGX), the company bought the shares at a volume-weighted average price of 339.40 pence each….
Nigeria validates its National Hydrogen Policy, aiming to attract investment, create jobs and compete in the $200 billion global hydrogen market. Nigeria is moving closer to becoming a major player in the global hydrogen market. The Federal Government has validated its National Hydrogen Policy after 18 months of consultations. The policy aims to help Nigeria…
Shell awards $518 million in contracts to Nigerian firms and has paid over $2 billion in taxes and royalties, strengthening local businesses and the Nigerian economy. Shell Companies in Nigeria awarded contracts worth $518 million to 123 Nigerian companies in 2025. The move shows Shell’s continued support for local businesses in the oil and gas…
Some filling stations across Nigeria shut their gates on Thursday following fresh petrol price speculation. Total, Emedab, and a few others stopped sales as fears of another pump price increase spread. However, many stations in Abuja continued selling petrol between N1,155 and N1,299 per litre. The development came despite weeks of falling fuel prices that…
Tony Elumelu will retire as UBA Chairman on August 21, 2026, after completing the CBN tenure limit. Emmanuel Nnorom will succeed him as Group Chairman. Tony Elumelu will step down as Group Chairman of United Bank for Africa (UBA) Plc on August 21, 2026. His exit follows the Central Bank of Nigeria’s 12-year tenure limit…
Nigeria’s electricity distribution companies (Discos) lost 1.13 million customers in 2025 despite earning more money and supplying more electricity. New figures from the National Bureau of Statistics showed customer numbers dropped from 13.30 million in the fourth quarter of 2024 to 12.16 million in the same period of 2025. That represents an 8.52 per cent…
Australia ranks as the world’s third-highest country for median wealth, according to UBS, highlighting strong household prosperity despite ongoing economic challenges. Australia’s property market is making more people millionaires. A new UBS Global Wealth Report shows about 25,000 Australians joined the millionaire club in 2025. That pushed the country’s total to 1.6 million people with…
South Korea stocks suffered a heavy loss on Thursday. The benchmark KOSPI index dropped more than 6%. The sharp fall followed a global selloff in chip companies. Investors became worried after Meta Platforms announced plans to sell extra AI computing power. That move raised fresh concerns about possible excess investment in artificial intelligence. As a…
Donald Trump’s net worth surges to billions after reportedly making over $1.4bn from crypto in 2025, raising conflict of interest concern Donald Trump’s latest financial disclosure has stirred global attention. Reports show he made over $1.4bn from cryptocurrency in 2025 alone. This massive income comes from his family-linked crypto ventures and meme coin sales. One…
A popular Nigerian businessman known as Big Joe has been shot dead outside his shop in Witbank, also called Emalahleni, in South Africa’s Mpumalanga Province. According to eyewitnesses, the attackers walked up to him and opened fire several times before fleeing the area. Residents and fellow traders rushed to the scene after hearing the gunshots….
