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The Federal Capital Territory Administration (FCTA) has announced plans to take possession of 4,794 properties in Abuja starting Monday, May 26, 2025, following the revocation of their land titles in March due to non-payment of ground rent, with defaults ranging from 10 to 43 years. This unprecedented move, affecting high-profile entities including the Peoples Democratic … Read more
April 1, 2025 – Custodian Investment Plc, a leading financial services group in Nigeria, has announced an impressive 133% year-on-year increase in profits, reaching a remarkable N60 billion. The company’s strong financial performance highlights its strategic growth, enhanced operational efficiency, and resilience amidst challenging economic conditions. In a statement released to the press, Custodian Investment … Read more
Naira’s Stellar Week: Closes at N1,488/$1, Strongest Since January Amid CBN Reforms and Easing Inflation Nigeria’s battered naira staged a dramatic comeback this week, closing at N1,488 per US dollar in the Investors & Exporters (I&E) window on Friday, September 19, 2025—the most robust weekly performance since January. This 2.5% appreciation from last Friday’s N1,526/$1 … Read more
Truist Securities raised the price target for Restaurant Brands International (NYSE: QSR) from $78.00 to $81.00, maintaining a Buy rating, as reported on July 9, 2025. This adjustment reflects optimism about Burger King’s U.S. turnaround, driven by a projected 2.5% same-store sales growth for Q2 2025, surpassing consensus estimates of 1.5%. The turnaround is attributed … Read more
The Federal Government of Nigeria has revoked the allocation of 1,357 units under the National Housing Programme (NHP) due to significant payment defaults by beneficiaries. The decision, announced by the Federal Ministry of Works and Housing, comes as part of ongoing efforts to ensure accountability and prevent the abuse of the government’s housing initiative aimed … Read more
First Lady Remi Tinubu Donates N1 Billion to Fight Cervical Cancer in Nigeria April 8, 2025, 4:42 AM PDT — Nigeria’s First Lady, Senator Oluremi Tinubu, has injected a major boost into the nation’s battle against cervical cancer, donating N1 billion (approximately $700,000 USD) to the National Cancer Fund through her Renewed Hope Initiative (RHI). … Read more
Published: June 9, 2025 | Breaking Business News Mike Ashley’s retail empire Frasers Group has officially confirmed its interest in acquiring troubled beauty retailer Revolution Beauty, setting the stage for a potential cut-price takeover that could reshape the UK’s cosmetics landscape. Revolution Beauty issued a statement this morning confirming that “Frasers is one of a … Read more
Emerald Holding, Inc. (NYSE: EEX) has appointed Erica Bartsch as its new Executive Vice President of Strategy and Communications, effective March 17, 2025. In this role, Bartsch will oversee strategy, investor relations, corporate communications, and strategic partnerships, collaborating with the executive team to align key stakeholders. Her appointment supports Emerald’s ongoing efforts to refine its … Read more
Below is a list of the top 10 largest cities in Africa by population for 2025, based on the most recent estimates and projections from available sources. Population figures are approximate, as urban growth rates and data collection vary, and some estimates reflect city proper while others include metropolitan areas. Where discrepancies exist, I’ve prioritized … Read more
Tata Steel Shareholders Approve Related Party Transactions for FY2026 May 16, 2025 – Mumbai, India Tata Steel Limited (NSE:TISC), one of India’s leading steel manufacturers, announced on May 16, 2025, that its shareholders have approved a series of material related party transactions (RPTs) through a postal ballot and remote e-voting process concluded on May 15, … Read more