Daily Archives: 25th June 2026

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Jun252026

Africa’s largest private defence company joins Indian billionaire Baba Kalyani’s defence group to launch new armoured vehicle in France

25th June 2026 Leave a comment

Paramount Group, Africa’s largest private defence company, has unveiled a new light armoured vehicle with India’s Kalyani Strategic Systems Limited, as African and Asian defence manufacturers deepen partnerships to supply armed forces across emerging markets. The Simha 4×4 is designed for versatility, including roles in urban warfare, border protection, special operations, and troop transport, with…

Jun252026

Nigerian oil tycoon Mohammed Indimi pockets $1 million as Islamic banking pioneer raises dividend 57%

25th June 2026 Leave a comment

Nigerian oil billionaire Mohammed Indimi is set to receive a dividend of about N1.44 billion ($1.05 million) after shareholders of Jaiz Bank approved a higher cash payout following another year of strong earnings growth. Oil billionaire Mohammed Indimi is entitled to a N1.44 billion ($1.05 million) dividend from Jaiz Bank after shareholders approved a higher…

Jun252026

Africa’s third-richest billionaire loses over $1 billion as Nigerian stocks suffer biggest rout of 2026

25th June 2026 Leave a comment

Nigeria’s biggest stock market selloff this year wiped more than $1 billion from the fortune of industrialist Abdul Samad Rabiu, underscoring how sharp swings in the country’s equity market can rapidly reshape the wealth of Africa’s richest business leaders. Abdul Samad Rabiu’s fortune fell by $1.02 billion after BUA Cement shares dropped 10%. The Nigerian…

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Daily Archives: 25th June 2026

Africa’s largest private defence company joins Indian billionaire Baba Kalyani’s defence group to launch new armoured vehicle in France

Nigerian oil tycoon Mohammed Indimi pockets $1 million as Islamic banking pioneer raises dividend 57%

Africa’s third-richest billionaire loses over $1 billion as Nigerian stocks suffer biggest rout of 2026

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