August 30, 2025

Business

Business

Business News, Entrepreneurship, Career, Money & Ambition for Young Africans

 

Business

How Tolaram went from Selling Indomie to acquiring Guinness Nigeria and building $1.5bn Deep-Sea Port

Tolaram Group has evolved from what began in the late 1970s as a modest noodle importer to owning the iconic Guinness Nigeria, spearheading the construction of the Lekki Deep Sea Port, and the Lagos Free Zone. Here’s how they did it, and what lessons Nigerian businesses can take from their playbook. Key Takeaways Tolaram is.

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Business

Fidelity Bank CEO Nneka Onyeali-Ikpe buys ₦366.3M shares in the company

In a bold show of confidence in the bank she leads, Dr. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank Plc, has increased her equity stake by acquiring 18 million additional shares in the bank. The transaction, officially filed with the Nigerian Exchange on May 19, 2025, shows the shares were acquired.

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Business

Lagos ‘Food Canteen’ rakes in ₦2.3 billion in sales on Chowdeck

‘Amoke Oge,’ a local food vendor in Lagos, Nigeria, owned by Hajia Amoke Odukoya, has generated ₦2.3 billion in revenue from 500,000 fulfilled orders on Chowdeck, the fast-growing digital food delivery platform. This feat makes Amoge Oge the first woman-led business to cross the half-a-million delivery mark on the platform. The milestone, calculated from an.

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Business

How to monopolise or disrupt any Industry – lessons from billionaire Mukesh Ambani’s playbook

In 2016, Mukesh Ambani, chairman of Reliance Industries and the richest man in Asia, launched what would become the most ruthless, brilliant, and transformative takeover of a major industry in modern history. Within six months of entering India’s telecom market, he rewrote the rules. In less than three years, his company, Reliance Jio, forced 11.

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Business

Top 8 criteria African VC firms consider before funding a startup in 2025

Raising capital from an African VC firm is not just about a pitch deck and passion. It’s about alignment. Market fit. Discipline. And above all, clarity. Too many founders build in isolation, guessing at what investors want. But thanks to insights from the Investor Guide, a working document developed by TechCabal in collaboration with leading.

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Business

Bitcoin price surge lifts Crypto market as Solana takes the lead

Bitcoin’s price surged past $86,000 on Monday, kicking off the week with a wave of gains across the crypto market. The jump came as investors reacted to news that U.S. tariffs might not be as harsh as expected, and after the Federal Reserve confirmed plans for interest rate cuts this year. As of 7am WAT,.

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