Similarly, the company’s profit saw a substantial increase of over 270 percent from $1.37 million $5.14 million, indicating improved operational efficiency and …
Nigerian businessman
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Ovia owns a 16.2-percent stake in the financial services group, comprising 5,072,104,311 ordinary shares, makes him the wealthiest banker in the country.
- Hot News
Tony Elumelu becomes third Nigerian businessman to hold stakes in two trillion-naira companies
This achievement, following in the footsteps of Femi Otedola and Abdul Samad Rabiu, highlights the growing influence of Nigerian business leaders.
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Tony Elumelu, with his 7.39-percent stake in UBA, equivalent to 2,527,372,285 shares, stands out as one of the Nigerian Exchange’s most affluent …
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If convicted on all charges, Mmobuosi risks serving a maximum sentence of 45 years.
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The SEC accused him of inflating figures and and engaging in billions of dollars’ of fictitious transactions.
- West & Central Africa
Arrest warrant issued for Nigerian tycoon Cletus Ibeto in $6.1-million fraud case
The issuance of a bench warrant signals a significant turn in the legal proceedings against Ibeto, adding a layer of complexity to …
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As Custodian Investment’s largest shareholder, Oshin holds a 26.81-percent stake, representing 1,576,662,503 ordinary shares.
- West & Central Africa
Oil firm of Dangote’s half-brother Sayyu Dantata posts 9M revenue exceeding $120 million
Dantata, a multimillionaire businessman and the majority stakeholder in MRS Oil Nigeria, owns 60 percent of the company, or 205,730,806 ordinary shares.
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Ripple effect: UBA’s double-digit share surge impacts Nigerian businessman Tony Elumelu’s fortune.