![$9-trillion Wall Street giant lands in Nigeria following takeover of billionaire Adebayo Ogunlesi’s GIP](/content/images/size/w1304/format/webp/wp-content/uploads/2024/01/whatsapp-image-2024-01-19-at-07.45.27-e1705646855968.jpg)
$9-trillion Wall Street giant lands in Nigeria following takeover of billionaire Adebayo Ogunlesi’s GIP
The strategic move comes in the wake of BlackRock’s announcement of its intention to acquire GIP in a deal valued at $12.5 billion.
The strategic move comes in the wake of BlackRock’s announcement of its intention to acquire GIP in a deal valued at $12.5 billion.
The devaluation of the Nigerian currency severely impacted Dangote’s assets, including his 86-percent stake in Dangote Cement.
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.