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Nigerian tycoon Emeka Offor donates $1-million cancer equipment to University of Maiduguri Hospital

In a major boost to cancer treatment in Nigeria’s northeast, philanthropist and businessman Emeka Offor has donated a state-of-the-art Linear Accelerator (LINAC) machine to the University of Maiduguri Teaching Hospital, replacing critical equipment destroyed in last year’s devastating floods.The donation, valued at N1.57 billion (about $1 million USD), was delivered following a direct request by Nigeria’s Coordinating Minister of Health, Prof. M…Maiduguri · Maiduguri Read Article

The 10 highest-paid African footballers in 2025

Victor Osimhen, the 26-year-old Nigerian striker finalized a €75 million move from Napoli to Turkish powerhouse Galatasaray, shattering the Turkish Süper Lig’s all-time transfer fee. But it’s his new paycheck, not just the price tag, that’s turning heads in financial circles.According to salary data compiled by Capology, Osimhen’s deal with Galatasaray will earn him €25 million annually, or roughly €512,885 per week when bonuses are factored in.…Istanbul, Turkey · Istanbul Read Article

Nigerian oil magnate Gabriel Ogbochie’s Eterna posts $103 million in half-year revenue

Key Points Eterna posted $103.9 million revenue in H1 2025, up 6.87%, driven by stronger fuel sales and an expanded distribution network.Net profit hit $376,231, reversing a $3.17 million loss last year due to improved FX performance and better cost control.Total assets dropped to $40.92 million as the company tightened working capital and cut inventories to ease pressure on its balance sheet.Eterna Plc, the downstream energy company backed by N…Nigeria · Nigeria Read Article

Fidelis Ayebae retires as Fidson CEO after 30 years

Key PointsFidelis Ayebae steps down as CEO after growing Fidson into a $66 million pharmaceutical company since founding it in 1995.The company seeks $20 million via rights issue to fund expansion, as shareholders approve share capital increase to $1 million.Fidson’s net profit surged nearly 4x to $3.97 million in the first half, driven by strong ethical drug sales and revenue growth.Nigerian pharma mogul Fidelis Ayebae has stepped down as manag…Lagos, Lagos · Lagos Read Article

Robert F. Smith’s Vista targets $200 million debt savings

Key PointsVista Equity expects to save over $200 million annually by replacing private credit with syndicated loans across multiple portfolio companies.Vista is refinancing Finastra with $4.1 billion in syndicated loans, cutting into its $5.3 billion in high-cost private debt from 2023.The firm has also refinanced KnowBe4, Avalara, and Duck Creek, all acquired recently, to lower interest expenses.Vista Equity Partners, the technology-focused inv…United States · United States Read Article

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