Transcorp’s H1 2024 revenue surged 114%, reaching $110 million, driven by strong performance across key operating units.
Nigerian businessman
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Nigerian businessman Ufoma Immanuel’s Chappal to purchase TotalEnergies’ oil assets for $860 million
Chappal Energies acquires TotalEnergies’ onshore oil assets in Nigeria for $860 million, significantly expanding its portfolio.
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The achievement marks a pivotal moment for Aradel, a leading integrated energy group committed to advancing Nigeria’s energy sector.
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The collaboration aims to support small and medium-sized enterprises (SMEs) that face challenges accessing international markets due to limited cargo volumes.
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The EFCC upheld the forfeiture of 20 properties, 10 vehicles, and luxury watches to Eze, dismissing appeals by his brothers.
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“The retirement age is actually 70, but I believe 35 years is enough, and the succession plans have worked well,” he said.
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Nigerian businessman Tony Elumelu’s UBA distributes $53.4-million dividend to shareholders
During the AGM, the board presented UBA Group’s outstanding financial performance for 2023, which saw the bank become Nigeria’s second-largest lender by …
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Elumelu has solidified his position as a titan of African commerce, transforming UBA Group from a domestic bank into a continental powerhouse.
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The substantial surge in profit was driven by higher interest income and a notable increase in foreign exchange earnings throughout the year.
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This was driven by a combination of surging interest income and substantial gains from foreign exchange portfolio revaluations.