company news

Pan-African pay-TV operator Multichoice has reported significant financial challenges, revealing a $190.5 million (R3.6 billion) foreign exchange loss from its...

In a significant financial development, First Bank has successfully recovered a substantial N456 billion loan from Heritage Bank. This repayment...

The Nigeria Deposit Insurance Corporation (NDIC) has taken decisive action by initiating the liquidation process for Heritage Bank Plc. This...

Alphabet, the parent company of Google, has initiated layoffs affecting its cloud unit, a segment that has been experiencing rapid...

The Dangote Refinery, a flagship project of Africa's richest man, Aliko Dangote, is set to explore a dual listing on...

Elon Musk's artificial intelligence startup xAI has successfully raised $6 billion in its series B funding round, catapulting its post-money...

Airtel Africa is set to launch its mobile money unit, Airtel Money, in an initial public offering (IPO) in 2025...

Airtel Africa, Nigeria's second-largest telecommunications company, has reported a substantial loss of $1.7 billion attributed to currency devaluations in Nigeria...

UBS, Switzerland's largest bank, has announced a significant return to profit following two consecutive quarterly losses, sending its shares soaring...

Guaranty Trust Holding Company (GTCO), a leading Nigerian bank renowned for its efficient operations, has made history by announcing its...