The substantial surge in profit was driven by higher interest income and a notable increase in foreign exchange earnings throughout the year.
Nigerian businessman
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This was driven by a combination of surging interest income and substantial gains from foreign exchange portfolio revaluations.
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Ovia, ranked among Africa’s affluent individuals, has seen an impressive increase in the market value of his stake in Zenith Bank.
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Nigerian banker Jim Ovia’s Zenith Bank partners with Mastercard to boost financial inclusion in Nigeria
The partnership marks a milestone for Mastercard, as it introduces its first domestic card in Africa and debuts the World Elite Credit …
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As his stake in UBA approaches $50 million, Elumelu’s influence and commitment to Africa’s economic prosperity remain undeniable.
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Nigerian businessman Tony Elumelu awards $5-million seed capital to 1,000 African entrepreneurs
Each recipient is set to receive a $5,000 non-refundable seed capital to kickstart their entrepreneurial endeavors.
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The leading businessman known for his affinity for luxury and lavish assets, is reportedly contemplating a return to his hometown of Kano …
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Elumelu urged the government to facilitate the transfer of idle gas assets or fields to capable Nigerian investors, fostering gas-related investments and …
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A central figure in Nigeria’s energy sector, Rone outlined his vision for leveraging international partnerships to tap into the vast untapped natural …
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Beyond his ventures, Elumelu champions entrepreneurship. The Tony Elumelu Foundation empowers African entrepreneurs through seed capital, training, and mentorship.