business

ABT NEWS EXCLUSIVE: The $16.45M Collapse of Lidya and the Harsh Truth About Scaling Fintech in Africa

LAGOS — Raising millions in venture capital and expanding globally is the ultimate dream for many African startups.…

ByByABT News Aug 22, 2026

Cardinal Torch Invests $4.5M in Ogun State Cashew Factory to Boost Local Processing

SAGAMU, OGUN STATE — In a major move to transform Nigeria’s agricultural value chain, indigenous agribusiness firm Cardinal…

ByByABT News Aug 18, 2026

Hard Times For Okomu Oil and Presco As Cheap Oil Palm Imports Hurt Their Profitability And Business Model

Nigeria’s largest listed palm oil manufacturers, Presco Plc and Okomu Oil Palm Plc, are facing significant headwinds as…

ByByABT News Aug 10, 2026

Crisis at FIFA: Infantino’s Presidency on the Brink Amid Unprecedented Uprising

BERN, SWITZERLAND — Global football has been plunged into an unprecedented political crisis. Embattled FIFA President Gianni Infantino…

ByByABT News Aug 6, 2026

Jumia’s $2.2 Billion Survival Gamble!: Can Africa’s E-Commerce Giant Finally Turn the Corner?

LAGOS — For fourteen consecutive years, Jumia Technologies AG has carried both the promise and the heavy burden…

ByByABT News Aug 25, 2026

From Consumer to Creator: What Will It Take for Nigeria to Power Its Hybrid Energy Future?

By ABT News Desk Solar power has quietly become Nigeria’s default fix for an electricity crisis that leaves…

ByByABT News Aug 24, 2026
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