This decline is influenced by the recent devaluation of the Nigerian currency — the country’s second devaluation in eight months.
Nigerian billionaire
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Tony Elumelu’s Heirs Energies expands gas supply operations to boost power generation in Nigeria
The recent success of Heirs Energies is linked to strategic acquisitions.
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According to the latest earnings forecast, the power-generating giant is optimistic about achieving a gross profit of N20.79 billion ($13.04 million) in …
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This move follows Otedola’s recent philanthropic initiatives aimed at supporting education and enhancing national security.
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This strategic maneuver by Dangote is expected to bring about a significant transformation in power and profit dynamics within the petroleum industry,
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RCL Foods is 77-percent owned by Remgro, an investment holding company controlled by South Africa’s richest man Johann Rupert.
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The dividend, which will be paid electronically into his bank account by Mon., April 29, 2024, is a testament to Dangote Cement’s …
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Nigerian tycoon Tony Elumelu to list Transcorp’s Power assets on NGX, targets $1.1 billion market cap
The listing, scheduled for Mar. 4, aims to generate value for investors and signifies a pivotal move in the conglomerate’s commitment to …
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FBN Holdings, led by Nigerian billionaire Femi Otedola, is doubling down on its commitment to supporting local businesses.
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Dangote Cement records impressive 19-percent surge in profit, delivers strong financial performance amid challenging economic environment.