Tag: Nigeria

Nigerian billionaire Abdul Samad Rabiu
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Nigerian billionaire Abdul Samad Rabiu’s liabilities exceed $3 billion

Nigerian billionaire Abdul Samad Rabiu’s miscellaneous liabilities top $3 billion, adjusting his net worth to $14.3 billion.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
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Nigeria moves to capitalize on oil surge amid global supply tensions

Nigeria plans to boost oil production amid global supply tensions, aiming to increase output and benefit from rising crude prices.

Omokolade Ajayi Omokolade Ajayi
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$4.2 billion in African revenue linked to Tony Elumelu Foundation, CEO Somachi Chris-Asoluka says

Tony Elumelu Foundation-backed startups have generated $4.2 billion in revenue and created over 1.5 million jobs in Africa.

Omokolade Ajayi Omokolade Ajayi
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Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

Omokolade Ajayi Omokolade Ajayi
Adaora Umeoji, CEO of Zenith Bank, leading Nigeria’s most valuable bank.
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Zenith Bank hits $3.3 billion market cap under Adaora Umeoji as Nigeria’s most valuable bank

Zenith Bank reaches $3.3 billion market cap under Adaora Umeoji, becoming Nigeria’s most valuable bank with global expansion plans.

Omokolade Ajayi Omokolade Ajayi
Ovaltine $32 million deal event
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Ovaltine to open $32 million first Africa plant in Nigeria

Ovaltine to invest $32M in Lagos plant, creating jobs and expanding exports as UK–Nigeria trade and manufacturing ties deepen.

Timilehin Adejumobi Timilehin Adejumobi
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UBA, NiDCOM deepen collaboration to boost diaspora investment in Nigeria

UBA and NiDCOM strengthen ties to channel diaspora investment, offering Africans abroad seamless access to Nigeria’s growth opportunities.

Editorial Team Editorial Team
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Nigeria’s Zedvance targets $185 million in business loans by 2026

Zedvance targets $185 million in business loans by 2026 to boost Nigerian SMEs and expand credit access.

Editorial Team Editorial Team
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Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Nigeria’s plan to settle energy debt could strengthen Transcorp, improving operations and funding growth in power and energy infrastructure.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s inflation eases to 15.06% in February but monthly pressures rise

Nigeria’s inflation eased to 15.06% in February, but monthly price pressures intensified for households.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Tony Elumelu backs African entrepreneurs with $100 million over 15 years

Nigerian billionaire Tony Elumelu has invested over $100 million in African startups over 15 years, supporting 24,000 entrepreneurs.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

Elumelu and Rabiu meet Macron at Élysée Palace to strengthen investment and trade ties between France and Africa.

Omokolade Ajayi Omokolade Ajayi