Short sellers betting against MicroStrategy found themselves facing significant losses as the company’s rally wiped out $1.92 billion since March. This development comes amidst a rally...
Geregu Power Plc has announced a profit of N14.46 billion for the first quarter (Q1) of 2024. This represents a 307% increase when compared to the...
United Bank for Africa Plc (UBA) has reported a 256.89% increase in profit after tax to N607.69 billion in the full year ended December 31, 2023...
Global air travel increased by 21.5% in February, according to the latest report from the International Air Transport Association (IATA). This surge represents a significant improvement...
Tony Elumelu is reportedly considering the acquisition of a club in the Nigeria Professional Football League (NPFL). The 61-year-old Nigerian mogul, renowned for his astute business...
Oil marketers in Nigeria are intensifying pressure on the Dangote Petroleum Refinery to slash the pump price of diesel amidst increasing scrutiny over the refinery’s pricing...
Oil prices have maintained stability following a two-day decline despite a notable increase in US crude stockpiles. The equilibrium in prices comes amidst a delicate balance...
Despite challenges in the global economy and a slowdown in funding across Africa, Nigerian startups have demonstrated resilience by securing $160 million in funding during the...
Fitch Ratings has downgraded China’s economic outlook to negative, citing concerns over the country’s mounting debt and the ongoing slump in its real estate sector. This...
Zimbabwe’s newly introduced gold-backed currency, known as ZiG, surged by 0.2% against the US dollar on its second day of trading. This development has sparked both...
