NEWS

Africa’s 4th richest man, Rabiu gifts himself latest Bombardier global 8000 jet after a record 2025

PerformanceBy Editor10th December 2025Leave a comment

After a record-breaking 2025, Nigerian industrialist Abdulsamad Rabiu not only climbed the African billionaire rankings but also treated himself to the ultra-luxurious Bombardier Global 8000 aircraft. Abdulsamad Rabiu, a Nigerian industrialist, has significantly expanded his wealth to $8.5 billion in 2025, becoming the fourth richest in Africa. He purchased the Bombardier Global 8000, the fastest…

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Top 10 major African cities with the lowest purchasing power as the year ends

PerformanceBy Editor10th December 2025Leave a comment

Low purchasing power has come to be seen as one of the most fundamental and destabilizing issues confronting several African cities. Low purchasing power is a growing issue in African cities, driven by inflation and currency depreciation. Governments employ subsidies and emergency borrowing, but these attempts often fail to address fundamental economic weaknesses. Economic stagnation…

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France provided intelligence and logistical support to thwart the latest coup attempt in Africa

PerformanceBy Editor9th December 2025Leave a comment

France provided intelligence and logistical assistance to Benin to help foil Sunday’s coup attempt. France aided Benin in foiling a coup attempt with intelligence and logistical support. Benin successfully thwarted a mutiny on Sunday, as announced by its President. Collaboration included Nigeria providing military support at Benin’s request. The situation highlights democratic challenges in West…

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South Africa’s retail executive sells shares worth over $2m as pay backlash mounts

PerformanceBy Editor9th December 2025Leave a comment

The chief executive of South Africa’s retail giant, Woolworths, sold roughly R36.85 million (about $2.16 million) in company stock on 5 December 2025, a move that comes as the firm faces growing scrutiny over executive remuneration. Woolworths CEO Roy Bagattini has sold shares worth about R36.85 million, adding pressure to an already heated debate over…

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Burkina Faso and the AES vow to neutralize any threats as it detains 11 Nigerian soldiers

PerformanceBy Editor9th December 2025Leave a comment

A C-130 aircraft transporting 11 Nigerian servicemen is reportedly being detained in Burkina Faso following accusations of airspace violation. A Nigerian military aircraft, carrying 11 personnel, is detained in Burkina Faso for alleged airspace violation. Burkina Faso, a member of the Alliance of Sahel States, claims the aircraft’s presence was an unfriendly act that breached…

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10 major African cities with the highest rent prices as the year ends

PerformanceBy Editor9th December 2025Leave a comment

The problems of high rent and soaring rent indices have grown more apparent in African cities as 2025 draws to a close. Housing expenses dominate budgets for urban dwellers, affecting financial and social dynamics. High rents impact mobility as people choose distant housing, influencing commute costs and productivity. Businesses face challenges due to commercial rent…

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