According to Reuters, Massmart Holdings Limited, a South African (SA) company and the continent's second-largest consumer products distributor, has revealed plans to close down 14 Game stor...
A reverse stock split is an action initiated by a company to reduce the amount of existing shares of stock into smaller (higher-priced) shares. A reverse stock split, also kn...
Shortly after the announcement of Dr. Abasi Eneobong's resignation as CEO of 54gene, the company has once again come into the spotlight. A fresh round of layoffs, which occurred on...
Tuesday saw the launch of the first office for Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com, Inc., in Lagos, Nigeria. The opening of the new office in Lagos is part of AWS's effort to...
Berkshire Hathaway has been released and we now know what Warren Buffet and his team are buying. Why are people concerned about Berkshire’s 13 F filling? The stock market works in a way th...
Dangote group is led by Nigerian billionaire Aliko Dangote, the group has lots of portfolios from Sugar, to Cement, and fertilizer and now they are venturing into the vehicle assembly business. N...
The United Bank of Africa(UBA) appointed its first Female CEO and her name is Mrs. Abiola Bawuah. She will be in charge of UBA bank operations in Nigeria, Ghana, Benin, Burkina Faso, Cote d’Ivoire, ...
Toronto-Dominion Bank, one of the largest banks in Canada, has agreed to pay over $1.2 billion to settle a lawsuit that claimed it aided R. Allen Stanford's $7 billion Ponzi scheme more than a decade ...
On February 23, 2023, Nigeria held its presidential elections, and Bola Ahmed Tinubu of the All-Progressives Congress (APC) emerged as the winner. Tinubu's victory was greeted with mixed reac...
An Overview of African Startups Fundraising in February 2023 Africa has experienced a rise in the number of startups in recent years, with many of them gaining sizable funding from investors. A numbe...