ECOWAS leaders choose the Nigerian billionaire, Aliko Dangote, as the inaugural chair of the newly formed ECOWAS Business Council. This is for the promotion of economic development within West Africa. Dangote, the head of Dangote Group, brings vast experience in industry and investment. Additionally the council will focus on aligning private investments with regional goals….
A major Ikeja power outage has thrown Ikeja, Ogba and Alausa into blackout following a collapse of a key transmission line on Tuesday. The disruption has halted electricity supply to homes, offices and commercial centres across the affected Lagos districts. The Ikeja Electricity Distribution Company (IE) said the outage resulted from a Transmission Company of…
A coalition of civil society organisations says the $18 billion recovery achieved through tax reforms proves the ingenuity of FIRS Chairman Zacch Adedeji. The groups claim the funds had previously been lost to tax evasion and illicit financial flows. Speaking at a press conference in Abuja, Comrade Ibrahim Bello said Adedeji championed changes to tax…
Paramount Global stunned the entertainment industry today. The company officially launched a hostile takeover bid for Warner Bros. Discovery (WBD). Shareholders received direct offers to sell their shares at a significant premium. Why Hostile? Normally companies negotiate friendly mergers first. However.Paramount skipped that step. Executives believe WBD’s board has rejected fair discussions for months. Therefore,…
Aliko Dangote has called on Nigerian billionaires to cut down on luxury spending. He urged wealthy Nigerians to invest in industries that create jobs instead of acquiring private jets and Rolls-Royce cars. He said money should build factories and empower communities. Speaking on Friday, he warned that heavy importation weakens the economy. He explained that…
Netflix announces its acquisition of Warner Bros. today. The deal values the enterprise at $82.7 billion. Leaders from both companies share the news in a joint statement. This move surprises many in Hollywood. Moreover the acquisition follows Warner Bros. Discovery’s separation. Netflix aims to strengthen its content library. Details of the Deal Emerge Netflix agrees…
Former UK Prime Minister Boris Johnson arrived in Nigeria on December 4, 2025. He attended the Imo State Economic Summit in Owerri. President Bola Tinubu and other leaders joined him there. Moreover Johnson aimed to boost economic ties. The summit marked Imo’s first major economic event in 50 years. Johnson shared the stage with Ban…
Britain’s energy regulator, Ofgem today approved £28 billion of investment to upgrade the nation’s electricity and gas networks from 2026 to 2031. Energy companies now receive the funding they need to modernise infrastructure and handle growing demand. Bills Rise to Fund Essential Work Households will see network charges increase by £108 a year by 2031….
The Central Bank of Nigeria removes all restrictions on cash deposits. This move reverses tight measures from the previous administration. Nigerians can now deposit any amount without limits or fees. Key Policy Changes First the CBN scraps cumulative deposit limits for individuals and companies. Banks do not charge fees on large deposits anymore. In addition,…
Although 2025 is coming to a close, Africa’s wealthiest entrepreneurs have recorded notable changes in their net worth due to market shifts, political developments, and strong business performance. The richest entrepreneurs in Africa 2025 continue to expand their empires through strategic investments and diversified businesses, highlighting the continent’s growing economic influence. According to Forbes, here…
