
Mike Adenuga warns MTN-Airtel deal could harm fair competition in Nigeria
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
This dividend, which will be paid on September 25, is the lion’s share of the proposed N234 billion ($152.43 million) payout for the year.
This underscores growing doubts about whether the company can push its long-delayed Turkana oil project to commercial production.
Anas Sefrioui returns to Africa’s billionaire list with a net worth of $1.7 billion, surpassing PM Akhannouch and banking tycoon Benjelloun.
The recent dip means Oppenheimer has lost $250 million year-to-date, reversing the $550 million gain recorded just 38 days ago.
The funding is part of OpenAI’s broader push toward artificial general intelligence (AGI).
Africa’s richest bank founders expand financial access, influence policy, and attract investment, strengthening the continent’s banking sector and economic stability.
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
This reflects the growing private wealth in these countries as businesses scale up and stock markets rally.
But while two new faces joined the exclusive club, two notable figures, Nigerian business tycoons Tony Elumelu and Theophilus (TY) Danjuma, were conspicuously absent.
The move follows her involvement in a $1.8 billion oil project with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada.
This highlights the leading lender’s robust financial discipline and commitment to maximizing shareholder value.
CEO Osama Bishai said Orascom is prioritizing projects with foreign currency funding and international financial backing.
Under James Mwangi, Equity Group has strengthened its presence across Uganda, Tanzania, South Sudan, Rwanda, and the Democratic Republic of the Congo.
Zenith Bank reports strong $670 million profit, strengthens position among Africa’s most profitable lenders
Beyond the local market, the refinery has expanded its reach across Africa, supplying diesel and aviation fuel to Cameroon, Angola, Ghana, and South Africa.