First City Monument Bank Limited (First City Monument Bank) has appointed renowned economist Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors, following regulatory approval from the Central Bank of Nigeria (Central Bank of Nigeria). The…
Dangote Petroleum Refinery & Petrochemicals FZE has placed a bold $1 billion private offering on the table as it anchors its ambitions to a $39.1 billion valuation. The move signals renewed confidence in one of Africa’s most ambitious industrial projects…
Nigeria’s economic growth outlook has suffered a fresh setback after the World Bank revised its 2026 forecast downward, signaling that persistent structural challenges continue to outweigh the benefits of rising global oil prices. In its latest World Economic Prospects report,…
Davido transformed a global entertainment stage into a powerful call for justice on Wednesday, using his appearance at the FIFA World Cup Countdown Concert in Los Angeles to spotlight the plight of abducted schoolchildren and teachers from Oyo State, Nigeria.…
Tony Elumelu has secured another influential leadership role in corporate Africa after Seplat Energy Plc announced his election as the company’s incoming Chairman, effective January 1, 2027. The appointment positions one of Africa’s most respected business leaders at the helm…
South African-born physician and biotech entrepreneur Patrick Soon-Shiong has risen to the top of Los Angeles’ wealth rankings. His estimated net worth now stands at $8.4 billion, according to 2026 valuations. He now leads one of the most competitive billionaire…
Somali Referee Omar Artan Denied U.S. Entry, Returns Home to Hero’s Welcome What should have been a groundbreaking moment for African football has instead become one of the biggest controversies surrounding the 2026 FIFA World Cup. Somali referee Omar Abdulkadir…
Royal Air Maroc has taken a bold step in reshaping Africa’s long-haul aviation map. The airline has launched a nonstop service between Casablanca and Los Angeles, making it the second African carrier to connect directly to the US West Coast.…
The International Monetary Fund has approved a $250 million extended credit facility for Rwanda, marking a major financial lifeline for the East African nation as global economic pressures intensify in 2026. The approval includes an immediate disbursement of $35.7 million…
Africa’s ambition to become a global economic powerhouse took center stage at Invest Lagos 3.0, where policymakers, investors, business leaders, and trade experts gathered under the theme, “Lagos Business Gateway to Africa: Powering Africa’s Next Era of Trade, Talent and…