NCC, Partners Seek More Investment in Digital Infrastructure to Expand –
The Nigerian Communications Commission (NCC), development partners and industry stakeholders have called for increased investment in digital infrastructure to bridge connectivity gaps, expand broadband access and improve telecommunications services across Nigeria
More African stock markets cross $100bn as South Africa widens lead – Businessday NG
Only three African stock markets have crossed the $100 billion market-capitalisation threshold, highlighting the concentration of the continent’s listed equity market and South Africa’s overwhelming lead over its regional peers
Dangote is now worth more than the likes of Jack Ma and the owner of Nike, as his net worth surges from $28.5 billion to $51.3 billion
Per Forbes’s real-time index, Africa’s richest man has seen his net worth surge from $28.5 billion to $51.3 billion following the launch of the initial public offering (IPO) of his $20 billion oil refinery
More than $7 million poured into Dangote Refinery’s $1.6 billion IPO within its first hour
The Nigerian energy company opened the offer on Monday, September 14, seeking to raise about $1.6 billion (N2.15 trillion) through the sale of 4.1 billion ordinary shares at N525 each
Despite the possibility of making more money, Dangote is holding off on offering shares of his refinery to traders outside Africa
Very recently, the subject of foreign interest in the Dangote Refinery came up again as the CEO of the company revealed that the idea of a foreign listing is years away
Nigeria to get more locally refined petrol as Aradel’s 11,000-bpd refinery targets 2027 production
Nigeria’s Aradel Holdings Plc plans to begin producing gasoline at its modular refinery in 2027, as the removal of fuel subsidies improves the economics of domestic petrol production
Egypt moves to privatise four more state-owned companies
Egypt has taken another step in its long-running privatisation drive after granting preliminary stock market listings to four state-owned companies, paving the way for the sale of government stakes and reinforcing commitments made under its economic reform programme backed by the International Monetary Fund (IMF)
Why More Millennials Are Buying Businesses Instead Of Starting Them
For decades, entrepreneurship has been synonymous with building a company from the ground up. The narrative has celebrated founders who launch startups from a garage, secure venture capital, and spend years chasing product-market fit. But a growing number of millennials are choosing a different path; buying businesses instead
Can Tougher Banking Rules Bring More People Into Formal Finance? | Business
Can Tougher Banking Rules Bring More People Into Formal Finance? Representative image. Credit: ChatGPT