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You Turned our Dreams into Reality, Dangote Tells Oramah

Aliko Dangote, Founder and President/Chief Executive of the Dangote Group, the largest conglomerate in West Africa, on Friday said Benedict Oramah, outgoing President of the African Export-Import Bank (Afreximbank), turned many African dreams into reality through his visionary leadership and unwavering support for the...

Ontario to Pause Reagan Tariffs Ad After Trump Terminated Canada Trade Talks

Ontario Premier Doug Ford said Friday the province will pause airing television ads featuring former President Ronald Reagan criticizing tariffs after World Series games this weekend so that U.S.-Canada “trade talks can resume.” Ford’s announcement came a day after President Donald Trump terminated trade negotiations with Canada because of the ad, which Ontario has been airing in U.S. markets. Ford...

Oramah’s Naira-for-crude Initiative Lifts Nigeria’s Reserves to $42bn, Highest in Six Years

Benedict Oramah’s Naira-for-crude idea has pushed Nigeria’s external reserves to a six-year high of $42 billion dollars, marking one of the most transformative economic interventions in recent years. The initiative, conceptualised by Oramah, the outgoing president of the African Export-Import Bank (Afreximbank), has been hailed...

Africa’s Fastest-growing Economy Introduces New Regulations for Foreign Stake in Local Banks

Ethiopia has officially moved closer to liberalising its banking industry, but with limits. The National Bank of Ethiopia (NBE) has issued a draft directive that caps total foreign ownership in local banks at 49 percent, signalling a cautious but strategic shift in one of...

Indian Investors Acquire Historic 135-Year-old South African Firm in $215m Deal

One of South Africa’s oldest pharmaceutical firms, Adcock Ingram, is set to delist from the Johannesburg Stock Exchange (JSE) on November 11, 2025, marking the end of a 135-year legacy. This follows India’s Natco Pharma’s acquisition of all minority shares in a deal valued at around $215...

Nigeria Ranks Among Africa’s Top 3 Largest Economies as IMF Projects 2026 Growth

According to the latest International Monetary Fund (IMF) projections for 2026, Nigeria is expected to rank as Africa’s third-largest economy, marking a major turnaround. Previously, Nigeria ranked as the fourth-largest economy in Africa. The nation has over the past half-decade, dropped from first place to fourth...