The United Bank for Africa (UBA Plc) has successfully exceeded the N500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with international licences, ahead of the March 31, 2026, deadline. According to UBA’s 2025 half-year audited results, the bank’s share capital and share premium stood at approximately N350 billion. …
The Indian government has capped Vodafone Idea’s adjusted gross revenue (AGR) dues at $13.79 million per year for the next six years. The move aims to ease cash flow pressure on the debt-saddled telecom operator. The decision offers near-term relief to India’s third-largest carrier, which has struggled with heavy debt and declining market share. Following …
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has reported stronger-than-expected revenue for the fourth quarter, driven by surging demand for artificial intelligence-related chips. The company said revenue for the October–December period rose 20.45 per cent year-on-year to T$1.046 trillion (about $33.04 billion), up from T$868.46 billion recorded in the same period last …
Despite widespread electricity shortages across Nigeria, neighbouring West African countries supplied with power from the national grid are owing the country millions of dollars in unpaid electricity bills. According to the Nigerian Electricity Regulatory Commission (NERC), Togo, Niger and Benin currently owe Nigeria $17.8 million (about ₦25 billion at the prevailing exchange rate) for electricity …
African skies, once teeming with planes and the promise of seamless travel, are witnessing an unusual stillness. Airlines across the continent are grappling with a crippling shortage of aircraft spare parts a crisis reverberating from hangars in Nairobi to runways in Dakar, leaving passengers stranded and business operations disrupted. According to the International Air Transport …
Paramount Skydance reiterated on Thursday that its $108.4 billion bid for Warner Bros Discovery (WBD) is superior to rival Netflix’s offer, arguing that the cable spinoff central to Netflix’s proposal holds little value. Paramount’s amended offer, rejected by Warner Bros’ board on Wednesday, included $40 billion in equity personally guaranteed by Oracle co-founder Larry Ellison …
Super Eagles striker Cyriel Dessers has expressed disappointment over his injury-forced exit from the 2025 Africa Cup of Nations (AFCON). Dessers returned to his Greek club, Panathinaikos, last week after sustaining a thigh injury during training with the Super Eagles. The 31-year-old striker did not make any appearance in Morocco before leaving the camp and …
Aluminium prices in the United States have surged to record levels, far exceeding what import levies and transport costs alone would justify. Tight global supplies, combined with tariffs and low domestic inventories, are driving the spike. Used extensively in automotive, aerospace, packaging, and construction industries, aluminium’s rising costs are pushing up manufacturing expenses, squeezing margins, …
Britain is preparing measures to soften the impact of a planned business rates increase on pubs, following warnings from hospitality groups that the tax hike could force closures. Pubs, long central to communities across the UK, sought relief after Finance Minister Rachel Reeves announced changes to business rates—a property tax on commercial premises during her …
Companies worldwide found it harder to do business in 2025 due to declining global cooperation on trade, climate, technology, and security, according to a survey published by the World Economic Forum (WEF) on Thursday. Released ahead of the WEF’s annual Davos gathering, the online poll of 799 executives across 81 economies showed that 43% reported …
