
Indimi sons back father in explosive $435 million oil battle with sisters
Indimi family feud escalates as sons side with father in $435 million Oriental Energy oil dividend dispute against sisters Ameena and Zara.
Indimi family feud escalates as sons side with father in $435 million Oriental Energy oil dividend dispute against sisters Ameena and Zara.
The fresh capital comes on the heels of Moove’s $100 million raise in 2024 at a $750 million valuation.
As part of the latest phase, Tetracore installed a mobile AutoGas refueling unit at Dangote Cement’s Ibese Plant in Ogun State.
Sources familiar with the matter say both Otudeko and Odukale, have agreed to sell their shares to Otedola at N31 ($0.02) apiece.
When asked about the possible listings of his refinery or other Dangote Group businesses, Dangote said, “Yes, definitely."
While details of their conversation were kept private, aides on both sides confirmed the visit, with Adenuga returning to Lagos that same evening.
The group invested $5.9 million through its wholly-owned unit, Britam Life Assurance Company (Kenya), to acquire a 30 percent stake in Continental Re Kenya.
Since the start of the year, the market value of this stake has fallen by $23.6 million, driven by a slump in the company’s share price.
The shift underscores evolving global trade dynamics and Nigeria’s urgent need to stabilize fuel production.
The decline reflects ongoing investor caution and broader market volatility affecting emerging-market telecom stocks.
Femi Otedola praises Dangote Refinery as the “eighth wonder” during President Tinubu’s visit, highlighting Nigeria’s industrial rise and investor confidence.
Coris Bank secures $34.3 million loan from Proparco to expand SME lending in Côte d’Ivoire and grow its $9 billion footprint across West and Central Africa.
Oando's 2024 profit hit $139 million, up 267%, fueled by the NAOC deal, rising production, and improved upstream performance.
In Elumelu’s world, control is currency, and UBA is the crown jewel he’s determined to protect.
This follows public controversy after former Nigerian Ports Authority (NPA) Managing Director Hadiza Bala Usman accused BUA of breaching concession terms.
Joseph Agyepong partners with Lagos to transform waste management, build recycling facilities, create 5,000 jobs, and shift from landfills to resource recovery.