The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
The World Bank, in a new report,...
Nigeria's giant mobile operator, Glo, and South Africa's MTN has retained their ranking as Africa’s most admired brands.
This year's list of Africa's most admired brands is dominated by South African and Nigerian companies with MTN and DANGOTE occupying the...
Nigeria has been ranked second in Knight Frank’s Wealth Report 2020 list of African countries with the highest numbers of ultra-rich individuals.
Nigeria, according to the report has 724 ultra-high net worth individuals, worth over US$30 million each (N10.96 billion)
According...
The giant of Africa, 'Nigeria' has overtaken South Africa as the biggest economy in Africa as the latter slid into its second recession in two years, Bloomberg reports.
South Africa’s economy slumped into a second recession in consecutive years, contracting...
Egypt is the best country to invest in Africa according to RMB’s 2020 Where to Invest in Africa report, the big size of the market and a sophisticated business sector relative to other countries made it the most attractive...
Nigerian-Born Nosa Ehimwenman, the founder of Bowa, one of the Fastest-growing construction companies in Chicago is the first African-American prime contractor to head an airport project in Chicago's history.
Nosa Ehimwenman was selected as the primary contractor to construct a...
Ghana’s cedi has emerged as the world’s best-performing currency against the U.S. dollar so far this year, according to a Bloomberg report.
The Bloomberg report says the currency extended its advance on Monday ahead of a $3 billion Eurobond sale...
Luanda Leaks, a new investigation by the International Consortium of Investigative Journalists and 36 media partners, exposes two decades of unscrupulous deals that made dos Santos Africa's wealthiest woman and left oil- and diamond-rich Angola one of the poorest...
In 2003, Dangote set out to build his first cement plant with a budget of about $480 million. On completion of the project in 2007, he had borrowed an extra $175 million, built a dam, a gas pipeline (92km...
Nigerian business mogul Aliko Dangote consolidated his place as the richest black man in the world, according to Bloomberg, after finishing 2019 with $4.3 billion more in wealth.
In the last decade overall, Dangote made almost $15 billion, according to...