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Business
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Adighije Affirms New Executive Directors Will Bolster NDPHC Reform Goals
NDPHC Managing Director Jennifer Adighije stated that the appointment of two new Executive Directors will strengthen leadership and accelerate the company's mission to improve Nigeria's power sector.
Johnson & Johnson proposes $5.5bn settlement for talc lawsuits
Johnson & Johnson is seeking to resolve roughly 69,000 lawsuits linking its talc-based baby powder to ovarian cancer through a proposed settlement of up to $5.5 billion.
Oil values drop significantly as US and Iran suspend military strikes
Oil prices have retreated by more than 9% as the US and Iran halt military strikes to prioritize diplomatic engagement, following weeks of volatility that pushed costs to $100 per barrel.
Access Bank Introduces AI Tool for Small Business Management
Access Bank has launched an AI-powered application designed to help small and medium-sized enterprises streamline operations and improve business efficiency.
Shein reports quarterly loss as US tariff shifts hamper sales
Shein has recorded a quarterly loss of $99 million as the loss of US 'de minimis' tax exemptions and international logistical issues hinder the retailer's growth ahead of a planned Hong Kong IPO.
Primark implements supermarket-style pricing strategy to counter online rivals
Primark is cutting prices on hundreds of essential clothing items in a bid to compete with aggressive online rivals like Shein and Temu, adopting a strategy similar to supermarket loss-leaders to boost store footfall.
BUA Cement Profits Surge 80% to N324.9 Billion Amid Market Expansion
BUA Cement saw an 80% profit increase to N324.9 billion in H1 2026, driven by favorable exchange rate trends, reduced finance costs, and aggressive capacity expansion plans.
SK Group Chairman ordered to pay $644m in major divorce settlement
South Korean courts have ordered SK Group Chairman Chey Tae-won to pay his ex-wife $644 million following a long-standing asset division dispute.
Dangote Refinery Secures $2.5 Billion via Private Equity Placement
Dangote Petroleum Refinery & Petrochemicals has completed a $2.5 billion private equity placement, which was oversubscribed by 3.7 times, marking a major milestone in its growth and African capital market development.
Afreximbank’s Digital Platform Facilitates $5.3 Million Energy Trade
Afreximbank's Africa Trade Gateway platform has facilitated a $5.3 million cross-border gasoil deal between Zimbabwean firm Witeva Trading and a Swiss supplier.