Nigerian billionaire Mike Adenuga’s Globacom launches payment service bank
Globacom is Nigeria’s second largest mobile telecom company.
Nigerian businessman
Nigerian billionaire Femi Otedola’s Geregu Power posts $47 million in profit in 2021
Geregu Power is 80-percent owned by Otedola.
Nigerian gaming tycoon Kunle Soname’s ValueJet to commence regional flights this week
Soname’s move into the aviation sector is aimed at helping to lower the cost of airline tickets for Nigerians.
Nigerian businessman Tony Elumelu pledges support to female farmers
Elumelu has played a crucial role in supporting young businesspeople in Africa.
Nigerian banker Herbert Wigwe’s Access Holdings to become majority shareholder in Finibanco Angola
Wigwe owns 4.26 percent of the pan-African conglomerate.
Nigerian billionaire Tony Elumelu to receive $1.11 million in interim dividends from UBA
Elumelu owns 6.96 percent of UBA, or 2,380,941,756 ordinary shares.
Nigerian banking tycoon Tony Elumelu loses $10.4 million in 27 weeks from stake in United Bank for Africa
Elumelu owns a sizeable 6.96-percent stake in UBA, one of Nigeria’s leading banking groups.
Nigerian energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Orjiako and Avuru own a significant 6.43-percent and 8.2-percent stake in the leading energy firm, respectively.
Nigerian billionaire Tony Elumelu says UBA’s global expansion incomplete without Gulf
UBA’s entry into the Middle East comes just six months after Elumelu publicly disclosed his interest in investing in the Caribbean.
Nigerian businessman Tony Elumelu’s UBA opens new branch in Dubai
The opening brings UBA’s global presence to 24 countries and four continents.
Nigerian businessman Tony Elumelu says Africa’s development depends on private sector
Elumelu is the chairman of Heirs Holding.
Nigerian mogul Tony Elumelu loses over $7.1 million as UBA shares fall from record highs
Elumelu owns a sizable 6.96-percent stake in the banking group.
Nigerian billionaire Mike Adenuga earns over $3.6 million in single day from Conoil
So far this year, the company’s share price has increased by 45.4 percent.
U.S.-Nigerian telecom tycoon Sam Darwish gains $26.8 million in 22 days
Darwish founded IHS Holdings, a Nigerian telecom infrastructure firm, in 2001.
Nigerian businessman Fola Adeola’s IWOSAN Investments acquires Lagoon Hospitals
Lagoon Hospitals will be rebranded as IWOSAN Lagoon Hospitals.
U.S.-Nigerian telecom tycoon Sam Darwish says there is room for further acquisitions in Latin America
His Lagos-based telecom company reported a profit of $16.9 million in the first quarter of 2022.