TenTrade, a leading force in Africa’s digital trading and investment ecosystem, is set to host the Ibadan Edition of its renowned Partnership Conference on November 29, 2025, at Golden Tulip (Oduduwa Hall). Themed “Empowering Partnerships and Expanding Collaborations,” the event reinforces TenTrade’s commitment to building communities of financially empowered Africans through education, mentorship, and strategic collaboration.

Following a string of successful conferences across Lagos, Abuja, Kano, Port Harcourt, and Uyo, the Ibadan edition marks another milestone in TenTrade’s city-to-city campaign to make financial empowerment accessible to individuals and businesses across the continent.

A movement rooted in inclusion and consistency

Since its inception, TenTrade has positioned itself as more than a trading platform — it is a catalyst for financial inclusion, equipping individuals with the tools, knowledge, and confidence to participate in global financial markets. Through its Partner Program and Funded Trader initiatives, the firm provides opportunities for traders, fund managers, and introducing brokers (IBs) to scale their income potential while maintaining access to a globally regulated, technology-driven trading infrastructure.

“Our commitment has always been simple — to be present where the people are and to help them build sustainable financial lifestyles,” said Mr. Victor Ufot, Managing Director of TenTrade Africa. “We’re not just hosting events; we’re building communities of financially enlightened Africans who can create and sustain generational wealth.”

Ibadan: The next stop in TenTrade’s empowerment journey

The Ibadan Partnership Conference is expected to attract hundreds of participants — from traders and influencers to fund managers and digital finance enthusiasts — all eager to engage with TenTrade’s growing ecosystem.

Participants will gain firsthand insights into high-yield trading strategies, risk management, and digital wealth creation within Africa’s rapidly evolving financial landscape. They will also connect directly with experts who have successfully leveraged TenTrade’s partnership model to build profitable, long-term trading careers.

The conference will feature interactive breakout sessions, live mentorship clinics, and networking opportunities, creating a practical environment where knowledge meets collaboration.

Empowering Africa through grassroots finance education

TenTrade’s city-to-city model reflects a long-term vision that places grassroots engagement at the center of Africa’s financial evolution. Instead of concentrating opportunities in major economic hubs, the company travels across key cities to democratize access to trading education and financial literacy.

This deliberate approach has enabled TenTrade to reach thousands of aspiring traders and partners who may otherwise remain excluded from traditional financial networks. Each stop — whether in Uyo or Lagos — builds upon the last, weaving a growing network of educated, empowered, and connected Africans.

“Financial empowerment is not a one-time event; it’s a movement,” Ufot emphasized. “We are bridging the gap between ambition and opportunity, and in doing so, we’re helping everyday Africans take control of their financial destinies.”

Building lifestyles, not just accounts

At the core of TenTrade’s mission is the belief that trading is not just transactional — it’s transformational. The company’s programs are structured to help participants move beyond short-term profits toward creating long-term, sustainable financial lifestyles.

Through its Funded Trader Program, individuals can access trading capital backed by the firm, enabling them to trade at scale without personal financial risk. The Partner Program, on the other hand, provides recurring revenue opportunities for introducing brokers, financial influencers, and fund managers who drive growth within the TenTrade network.

This model, combined with access to robust trading technology and globally regulated markets, has positioned TenTrade as one of the most impactful fintech empowerment platforms operating in Africa today.

A legacy of transformation and collaboration

TenTrade’s consistency in hosting regional conferences has created ripple effects of transformation across Nigeria’s financial ecosystem. From Lagos to Kano and now Ibadan, each conference has helped foster a network of resilient, informed, and collaborative financial professionals.

Every city represents a new chapter in the firm’s vision — one of partnership-driven prosperity. With each event, TenTrade not only teaches people how to trade but also how to build businesses, mentor others, and sustain growth beyond the trading floor.

“The TenTrade story is one of impact,” said Ufot. “We are redefining what financial empowerment looks like in Africa — from digital inclusion to real-life transformation.”

Looking ahead

As Africa’s financial landscape continues to evolve — driven by digital adoption, innovation, and a new generation of financially curious youth — TenTrade remains at the forefront of this transformation. The company’s blend of education, partnership, and empowerment underscores its vision: to make financial independence attainable for everyone, regardless of geography or background.

The TenTrade Africa Partnership Conference (Ibadan Edition), scheduled for November 29, 2025, at Golden Tulip, Oduduwa Hall, promises to be more than just another networking event. It will be a convergence of ideas, ambition, and opportunity — another major step toward building Africa’s financial future, one city and one trader at a time.

The Dangote Group, led by Africa’s richest man Aliko Dangote, has signed a landmark $1 billion investment deal with the Government of Zimbabwe to establish an integrated industrial complex, signaling a major leap in the country’s ongoing industrialization drive.

The agreement, formalized in Harare on Tuesday, underscores Zimbabwe’s commitment to President Emmerson Mnangagwa’s Vision 2030 — an ambitious national development plan aimed at transforming the country into an upper-middle-income, industrialized economy within the next decade.

Under the terms of the deal, Dangote Group will develop a broad-based industrial hub encompassing cement production, coal mining, and energy generation, among other value-adding sectors.

Strengthening Zimbabwe’s industrial base

According to Zimbabwean officials, the Dangote project will play a pivotal role in boosting domestic production capacity, reducing import dependency, and strengthening the country’s manufacturing and energy base.

“The integrated industrial project will significantly enhance Zimbabwe’s self-sufficiency in cement, energy, and other essential materials,” said an official from Zimbabwe’s Ministry of Industry and Commerce. “It also represents one of the largest private sector investments in Zimbabwe in recent years, reflecting growing investor confidence in the country’s reform agenda.”

The initiative aligns with the government’s push to attract strategic investments that can create sustainable jobs, improve infrastructure, and drive GDP growth across key sectors.

Long-awaited partnership becomes reality

This development follows nearly a decade of intermittent discussions between the Dangote Group and Zimbabwean authorities. Dangote first expressed interest in Zimbabwe’s industrial potential during investment visits in 2015 and 2018, but initial negotiations stalled due to regulatory bottlenecks and economic challenges.

However, talks were reignited during the Afreximbank Annual Meetings held in Abuja in June 2025, where renewed commitments were made on both sides to fast-track the project.

Insiders say the latest deal builds on those discussions and reflects a more stable investment climate under Mnangagwa’s administration, which has prioritized foreign direct investment as a key pillar of economic recovery.

Project components and impact

At the core of the agreement is the establishment of a fully integrated cement manufacturing facility, complete with a limestone quarry, clinker plant, and grinding unit. The plant is expected to significantly cut Zimbabwe’s reliance on imported cement, stabilize local prices, and boost construction output in housing and infrastructure.

The industrial complex will also include a coal mine and an on-site power station to ensure energy reliability for Dangote’s operations and supply excess electricity to Zimbabwe’s national grid.

The investment, estimated between $800 million and $1 billion, is projected to generate thousands of direct and indirect jobs, especially for young people. It will also catalyze growth in related industries — from logistics and construction to raw material supply and small-scale manufacturing.

“Dangote’s project will create a powerful multiplier effect across the economy,” said a Zimbabwean economic analyst. “Beyond the capital injection, it brings modern technology, skills transfer, and industrial know-how that can reshape the country’s economic landscape.”

Enabling policies and government support

As part of the agreement, the Zimbabwean government and Dangote Industries discussed a range of enabling measures, including mining concessions, tax incentives, investment protection frameworks, and work permits for technical experts.

The government assured that it is committed to providing a stable and predictable policy environment, emphasizing that investor-friendly reforms remain central to its growth strategy.

“Zimbabwe is open for business — and partnerships like this are proof of our determination to build an industrial economy driven by private investment,” said a senior government representative.

Dangote’s expanding continental footprint

This move extends the Dangote Group’s industrial footprint beyond Nigeria and reinforces its pan-African investment strategy. In recent years, Dangote has embarked on large-scale projects aimed at transforming Africa’s manufacturing and energy ecosystems.

Earlier this year, Dangote Industries Limited partnered with Thyssenkrupp Uhde Fertilizer Technology to build four new urea-granulation plants in Lekki, Nigeria. The plants, which use cutting-edge fertilizer technology, will boost Nigeria’s total fertilizer output from 2.65 million tons to more than 8 million tons per year, making it one of the world’s leading producers.

Meanwhile, the Dangote Refinery, located in the Lekki Free Zone, continues to ramp up operations. The refinery — currently Africa’s largest — has a capacity of 650,000 barrels per day but is projected to double to 1.4 million barrels per day in the coming years. This expansion would make it one of the largest single-train refineries globally.

The refinery also secured a two-year crude oil supply deal with the Nigerian National Petroleum Company Limited (NNPC), allowing part of the crude to be supplied in naira, thereby supporting Nigeria’s currency stability and local fuel supply chain.

A milestone for African industrial cooperation

Analysts view the Zimbabwe investment as another milestone in Dangote’s mission to deepen intra-African trade and industrial cooperation under the African Continental Free Trade Area (AfCFTA).

By investing in Zimbabwe’s industrial infrastructure, the Dangote Group not only expands its own operations but also contributes to regional economic integration and sustainable growth across southern Africa.

“This investment demonstrates Africa’s growing ability to fund its own development,” one regional economist noted. “It’s not just about capital — it’s about confidence, vision, and the ability to build industries that will shape Africa’s future.”

PZ Cussons Nigeria Plc has announced plans to set remuneration for its Non-Executive Directors at N98 million, noting that sitting allowances will be paid in addition to this amount.

This proposal is among several resolutions to be presented for shareholder approval at the company’s 77th Annual General Meeting (AGM), scheduled for December 3, 2025, in Abuja.

According to its corporate calendar, the proposed remuneration covers the financial year ending May 31, 2026.

Board Elections and Reports

PZ Cussons also disclosed plans concerning the election and re-election of directors. Shareholders will be asked to approve the re-election of Mrs. Ifueko M. Omoigui Okauru (MFR), Dr. Suleyman A. Ndanusa (OFR), and Mr. Dimitris Kostianis, as well as the election of Chief Anthony Idigbe (SAN, PhD) and Mr. Richard Walker as new directors.

The company will also present its Directors’ Reports, the audited Financial Statements for the year ended May 31, 2025, showing a profit of N16.6 billion, and the reports of the Auditors and Audit Committee.

Financial Performance

PZ Cussons Nigeria Plc released its audited results for FY2025 in early September, reporting a pre-tax profit of N16.6 billion, a remarkable turnaround from a loss of N122.4 billion in 2024.

The rebound was driven by higher revenues and a sharp reduction in foreign exchange losses. Revenue rose to N212.6 billion from N152.2 billion in 2024, led by the home and personal care segment at N126 billion, while durable electronic appliances contributed N86.5 billion.

The most notable improvement came from foreign exchange losses, which dropped from N157.9 billion in 2024 to just N7.7 billion in 2025. This turnaround helped the group achieve an operating profit of N18.9 billion, recovering from the previous year’s N124.4 billion loss.

Momentum continued into the first quarter of FY2026, ended August 31, 2025, with profit before tax of N21.54 billion, compared to a loss of N5.22 billion in the same period last year. Profit after tax stood at N13.48 billion, up from a loss of N4.64 billion in Q1 2024.

Market Performance

PZ Cussons’ shares have gained over 58% year-to-date on the Nigerian Exchange (NGX).

The stock opened 2025 at N24.30 and, after a 5.35% decline in January, rebounded strongly in February, surging 53% to N35.40.

Although it fell 21.8% in April, pushing prices below N30, modest recoveries in May and a 28% rally in June lifted the stock’s half-year performance to 56.38%.

While trading has remained relatively stable in the second half of the year, PZ Cussons shares currently trade around N38.50, maintaining strong upward momentum and investor confidence in its recovery story.

Legend Internet Plc has secured shareholder approval to raise up to N150 billion in additional capital as part of its ambitious expansion and acquisition drive. The approval was granted at the company’s 2nd Annual General Meeting (AGM) held on November 7, 2025, in Abuja.

The move represents a significant milestone for the broadband and technology infrastructure company, which has seen rapid growth since its listing on the Nigerian Exchange (NGX) earlier this year. The firm plans to deploy the new capital to fund network expansion, pursue new market opportunities, and strengthen its balance sheet amid Nigeria’s increasingly competitive digital services sector.

According to a post-meeting disclosure filed with the NGX on November 11, the company’s board confirmed that shareholders approved multiple resolutions, including a proposal to increase the company’s share capital by up to 10 billion ordinary shares. These new shares will rank pari passu with existing shares, allowing the company to raise equity capital efficiently when market conditions are favorable.

In addition, the shareholders endorsed plans for two major acquisitions — one in the financial services space and another in telecommunications. The company announced that it would proceed with the acquisition of a licensed Microfinance Bank and a licensed Telecommunications and Internet Service Provider (ISP) operating in Nigeria. These transactions, management said, are part of a broader strategy to diversify Legend Internet’s revenue base and build an integrated ecosystem combining digital finance and connectivity.

The AGM also featured the presentation of the company’s audited financial statements for the fiscal year ended July 31, 2025, alongside reports from the board of directors, external auditors, and the audit committee.

For the year under review, Legend Internet reported a profit after tax (PAT) of N172.6 million, marking a 44.5% increase from N119.4 million recorded in the previous year. The growth, the company said, was driven by stable revenues and disciplined cost management, despite a rise in administrative expenses.

Revenue for the year came in at N1.19 billion, a modest uptick from N1.13 billion in 2024. The firm’s fiber-to-the-home (FTTH) business, branded as Legend Fibre, accounted for the majority of the topline at N1.12 billion. Additional contributions came from Wholesale Bandwidth (N37.6 million) and Legend WiFi (N22.2 million), with other service streams making up the balance.

Operational efficiency helped to sustain profitability, with sales expenses falling by 6.8% to N429.6 million from N461 million in the prior year. This led to a gross profit increase to N761.4 million, up from N677.4 million in 2024.

However, the company faced higher administrative costs, which surged 52.3% to N560.1 million from N367.6 million, largely due to increased personnel expenses and depreciation linked to network expansion. Consequently, operating profit declined to N201.2 million from N309.8 million in the prior year.

After accounting for finance costs of N28.5 million, profit before tax stood at N172.6 million, compared to N285 million in 2024. Nonetheless, the absence of tax charges supported the year-on-year rise in net profit.

The company’s total assets expanded 10.3% to N3.3 billion, while retained earnings grew to N734.5 million from N561.9 million a year earlier, underscoring its improved capital position.

Legend Internet said the capital raise and acquisition strategy would accelerate its transition into a multi-sector digital services company. The firm emphasized that proceeds from the N150 billion capital program would be invested in network expansion, product development, and strategic acquisitions designed to deepen broadband penetration across Nigeria.

Founded as a broadband solutions provider, Legend Internet Plc delivers high-speed connectivity through its Legend Fibre (FTTH) and Legend WiFi public network offerings. The company became a publicly listed entity on April 24, 2025, trading under the ticker LEGENDINT, debuting at N6.20 per share.

In May 2025, shortly after listing, Legend introduced FTTR by Legend — Nigeria’s first Fibre-to-the-Room technology — which delivers enhanced in-home and enterprise connectivity. The innovation has positioned the company at the forefront of broadband modernization in the country.

In October 2025, credit rating agency Agusto & Co. assigned Legend Internet a Bbb- (long-term) and A3 (short-term) rating, reflecting moderate credit strength and stable operational outlook.

The company’s leadership said the combination of new capital, acquisitions, and strong operational momentum would help it achieve long-term sustainability, increase market share, and deliver value to shareholders in 2026 and beyond.