● Live | 🌍 Lagos: 34°C β˜€οΈ
14,200,000 readers today  |  Facebook Twitter/X Instagram
Breaking
Nigeria's Federal Government approves ₦2.4 trillion supplementary budget for 2026 Kenya secures $800M IMF loan to stabilise shilling amid inflation pressure South Africa unemployment rate falls to 29.8% β€” lowest since 2019 Ghana cedi gains 4.2% against dollar after gold export surge Ethiopia opens East Africa\'s longest railway line β€” Addis to Djibouti modernised Afcon 2027 host confirmed: Morocco to stage the continent\'s biggest football event Egypt launches Africa\'s first hydrogen-powered train on Cairo–Alexandria corridor Nile River basin agreement signed by 9 nations after 14 years of negotiations Rwanda ranked #1 in Africa for ease of doing business β€” World Bank 2026 report Tanzania\'s Dar es Salaam port handles record 12 million containers in Q1 2026
πŸ“ˆ Business & Economy
πŸ’°
Featured
Finance
MTN Group Reports Record $4.2B Annual Profit β€” Declares Special Dividend as Mobile Money Revenues Surge 61%
MTN Group, Africa's largest telecom operator, has reported full-year profits of $4.2 billion β€” a 34% year-on-year increase β€” driven by a 61% surge in mobile money revenues across its 19 operating markets. CEO Ralph Mupita announced a special dividend of R8.50 per share alongside the results.
✍ Ntombi Zulu, Business Desk ⏰ Today, 07:00 WAT πŸ• 4 min πŸ‘ 145,000
πŸ›’οΈ
Oil & Gas
Nigeria's Dangote Refinery Achieves Full 650,000 BPD Capacity β€” Ends Nigeria's 30-Year Petrol Import Dependency
The Dangote Petroleum Refinery in Lagos has achieved its full nameplate capacity of 650,000 barrels per day, ending Nigeria's three-decade reliance on imported refined petroleum products. The $20 billion facility β€” the world's largest single-train refinery β€” began exporting diesel to Senegal, Ghana, and Cameroon this week.
✍ Emeka Nwachukwu ⏰ Yesterday, 11:00 WAT πŸ• 5 min πŸ‘ 621,000
🌾
Agriculture
Ethiopia Coffee Export Revenue Hits $2B for First Time β€” Premium Arabica Commands Record $9.80/lb on Global Markets
Ethiopia has crossed the $2 billion mark in coffee export revenues for the first time in the country's history, driven by a record harvest year and unprecedented global demand for premium Ethiopian Arabica varieties. Yirgacheffe Grade 1 fetched $9.80 per pound on the London commodities exchange β€” a 140% premium over standard Arabica.
✍ Hana Girma, Economics Correspondent ⏰ Today, 06:30 WAT πŸ• 4 min πŸ‘ 98,000
πŸš€
Startups
Lagos Fintech Startup Flutterwave Reaches $1B Monthly Transaction Volume β€” Eyes NYSE Listing at $8B Valuation
Nigerian fintech giant Flutterwave has disclosed that it processed over $1 billion in payment transactions in a single calendar month for the first time β€” a milestone that has intensified speculation about an imminent New York Stock Exchange IPO. Investment bankers value the company between $7.5 billion and $9 billion.
✍ Tolu Ogundimu ⏰ Yesterday, 09:00 WAT πŸ• 4 min πŸ‘ 334,000