Business News: Stay Ahead with Key Updates on Leadership and Market Moves
Business news is all about change and staying updated. Whether it’s a big leadership shake-up or a new market strategy, these developments shape how companies run and how economies grow. Here, you’ll find straightforward insights into some of the most talked-about stories in business today, designed to keep you informed without the fluff.
Leadership Changes Stirring the Business Scene
Changes at the top can signal big shifts for any company. Take the example of Absa, where CEO Arrie Rautenbach is stepping down earlier than expected. This move is not just about who’s in charge—it reflects pressure over financial performance and calls for more diverse leadership. When companies swap leaders, it often marks a turning point in addressing challenges and setting new goals.
On a similar note, Anglo American is considering selling or spinning off its De Beers division. This kind of strategic restructuring is a reminder that businesses often adjust their focus to stay relevant and maximize value. These leadership and management moves ripple through industries, affecting jobs, investments, and market confidence.
Economic Trends and Court Battles Impacting Business
Business is also shaped by legal and economic realities. The 9mobile ownership dispute heading to the Federal High Court highlights how legal battles over shares can stall company progress and confuse investors. Meanwhile, economic decisions like Nigeria’s minimum wage hike aim to balance rising inflation with workers’ needs—a delicate act influencing consumer spending and market health.
At the same time, environmental and technological trends are pushing companies to rethink operations. For example, Toyota’s move to electrify the entire 2026 RAV4 lineup signals a clear response to changing consumer demands and policies. Businesses that adapt quickly often find a competitive edge, while those that don’t may struggle to keep up.
Following these news stories offers you a window into how the business world works behind the scenes. From leadership reshuffles and courtroom decisions to economic strategies and green transformations, these changes affect what products we see, how companies invest, and the jobs available to many people. Keeping an eye on these stories helps you understand the bigger business picture and the trends that could impact your life, whether as a consumer or professional.
CBN to Assume Full Control of Nigeria’s Fixed‑Income Market by Nov 3 2025
- by Masivuye Mzimkhulu
- on 8 Oct 2025
The Central Bank of Nigeria will fully control the fixed‑income market by Nov 3 2025, aiming for greater transparency. Stakeholders weigh benefits against centralisation risks.
Nigeria Interest Rate Cut to 27%: CBN’s First Move of 2025 Sparks Hope for Growth
- by Masivuye Mzimkhulu
- on 26 Sep 2025
The Central Bank of Nigeria lowered its benchmark rate by 50 basis points to 27% after five months of falling inflation. Governor Olayemi Cardoso also trimmed the cash reserve requirement for banks, freeing up liquidity. The changes aim to boost credit flow, especially for homebuyers and developers. Analysts see the move as a cautious step toward growth while keeping an eye on price pressures.
Absa CEO Arrie Rautenbach Exits Amid Pressure Over Diversity and Financial Misses
- by Masivuye Mzimkhulu
- on 23 Jul 2025
Absa CEO Arrie Rautenbach will leave earlier than expected, stepping down in October 2024 before retiring in April 2025. His exit comes amid calls for new leadership, competition pressures, and questions over the company's financial health and board diversity. Charles Russon will act as interim CEO as Absa navigates the transition.
Court Set to Decide Fate of 43 Million Disputed 9mobile Shares in Landmark Ownership Battle
- by Masivuye Mzimkhulu
- on 9 Jul 2025
A major ownership dispute over 43 million shares in 9mobile is headed for a Federal High Court decision on September 24, 2025. Abubakar Ismaila Isa claims the shares were transferred unlawfully without his consent and used as collateral for a loan. The case involves regulatory bodies and claims of serious breaches of trust.
2026 RAV4 to Offer Only Electrified Powertrains as Toyota Ditches Gas Engines
- by Masivuye Mzimkhulu
- on 21 May 2025
Toyota says goodbye to gas-only engines in the 2026 RAV4, turning the entire lineup electrified. This move fits into Toyota’s larger plan to green all its vehicles and keep up with the changing car market. The bold step puts the RAV4 ahead in a world quickly moving toward electrification.
Javier Milei's Approval Plummets Amid Argentina's Middle-Class Economic Struggle
- by Masivuye Mzimkhulu
- on 12 Oct 2024
President Javier Milei faces declining approval in Argentina, as his austerity measures severely impact the middle class. With public dissatisfaction stemming from economic hardships, poverty rates surge, middle-class families to make harsh financial cuts. Inflation spikes and purchasing power falls further complicate the situation, while the agriculture sector waits for overdue policy changes.
Nigerian President Bola Tinubu Approves 70,000 Naira Minimum Wage Amid Rising Inflation
- by Masivuye Mzimkhulu
- on 31 Aug 2024
President Bola Tinubu has approved an increase in Nigeria’s minimum wage to 70,000 naira. This development, announced during a meeting with key trade unions, aims to combat the surging inflation and rising cost of living in Nigeria, which has seen inflation rates skyrocket in recent months.
President Cyril Ramaphosa Enacts Landmark National Small Enterprise Amendment Bill to Boost South African Entrepreneurs
- by Masivuye Mzimkhulu
- on 23 Jul 2024
President Cyril Ramaphosa has signed the National Small Enterprise Amendment Bill into law, creating a unified Small Enterprise Development Agency and establishing the Office of the Small Enterprise Ombud Service. This law aims to streamline support services for small businesses and enhance economic participation for South Africans.
Rudy Giuliani's New Coffee Venture Faces Financial Hurdles Amidst Crushing Debt
- by Masivuye Mzimkhulu
- on 13 Jul 2024
Rudy Giuliani, facing significant financial challenges and debt, has launched Rudy Coffee, with beans sourced from Honduras. Despite being reasonably priced, the coffee isn't seen as exceptional in the saturated market. Experts suggest it won't be enough to resolve Giuliani's financial troubles, including a defamation judgment and a failed bankruptcy filing.
NDIC Takes Control of Heritage Bank Amid CBN Licence Revocation
- by Masivuye Mzimkhulu
- on 3 Jun 2024
The Nigerian Deposit Insurance Corporation has taken over Heritage Bank after the Central Bank of Nigeria revoked its licence due to critical under-capitalisation, high indebtedness, and a prolonged erosion of its capital base. The banking sector is closely monitoring the situation following significant layoffs and customer access issues.
Anglo American Weighs Strategic Move to Sell or Spin-Off De Beers Diamond Division Amid Restructuring
- by Masivuye Mzimkhulu
- on 15 May 2024
Anglo American is considering a dramatic shift as it explores selling or spinning off its De Beers diamond division. This is part of a comprehensive strategy to streamline its holdings. The restructuring now under review also looks at the sale of steelmaking coal and nickel assets, with significant attention towards growing its copper business. Anglo American aims for a focused portfolio to enhance shareholder value.
Guyana's Economic Boom: Oil Discoveries Propel Rapid Growth
- by Masivuye Mzimkhulu
- on 2 May 2024
Guyana has transformed into a leading economy globally, with tremendous GDP growth linked to its oil and gas sector since substantial fields were discovered in 2015. The nation faces challenges in sustaining growth while avoiding economic pitfalls.