Tag: Nigeria

Engr. Mohammed Sani Jaoji
BusinessHot News

Geregu Power pays $4.45 million to clear bond default as acting CEO Mohammed Sani Jaoji steps in

Geregu Power pays $4.45 million to clear its bond default as acting CEO Mohammed Sani Jaoji steps in to stabilize operations and finances.

Omokolade Ajayi Omokolade Ajayi
Engr. Mohammed Sani Jaoji
BusinessHot News

Mohammed Sani Jaoji named CEO of Geregu Power after $29.4 million bond default

Geregu Power names Mohammed Sani Jaoji acting CEO after a $29.4 million bond default and sharp declines in revenue and profit.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot News

Dangote, local refiners eye up to $328 million savings in crude swap plan

Nigerian refiners, including Dangote, eye up to $328.8 million in operational savings under a new domestic crude oil logistics swap mechanism.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s SMEs get digital push as eTranzact partners with SMEDAN
BusinessTechnology

Nigeria’s SMEs get digital push as eTranzact partners with SMEDAN

eTranzact and SMEDAN are expanding digital payment access for Nigeria’s 40 million SMEs as fintech tools support financial inclusion and growth.

Oluwatosin Alao Oluwatosin Alao
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot NewsBusiness

Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

Omokolade Ajayi Omokolade Ajayi
Nigerian politician Abdulaziz Yari.
BillionairesBusinessHot News

Nigerian politician struggles to keep power company afloat after $750 million takeover

Geregu Power faces falling revenue, an 88 percent profit drop and a $29.4 million bond payment default after Abdulaziz Yari’s $750 million takeover.

Omokolade Ajayi Omokolade Ajayi
Nigerian Pastor Jerry Eze
BusinessHot News

Nigerian Pastor Jerry Eze takes board role at Tony Elumelu’s Heirs Life

Pastor Jerry Eze joins Heirs Life’s board as the insurer seeks to build consumer trust and expand insurance access in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Nigerian media tycoon Aare Dele Momodu
BusinessExclusiveHot News

Nigerian media tycoon Aare Dele Momodu holds private meeting with Ghana President John Mahama

Nigerian media tycoon Aare Dele Momodu met Ghana President John Mahama at his Accra residence, discussing African soccer, politics, literature, and history.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesLuxury

Days after flying Dangote on his Global 8000, Abdul Samad Rabiu relaxes on yacht in Monaco

Abdul Samad Rabiu visits Monaco aboard his superyacht after hosting Aliko Dangote on his Bombardier Global 8000.

Omokolade Ajayi Omokolade Ajayi
Globacom
TechnologyBusinessHot News

Glo leads Nigeria’s telecom market with 1.2 million new internet subscribers in May

Globacom led Nigeria’s telecom operators in May, adding 1.2 million internet subscribers as the country’s total user base rose to 157 million.

Omokolade Ajayi Omokolade Ajayi
BusinessBillionairesHot News

Femi Otedola nears $2 billion on Forbes as people close to him value fortune above $3 billion

Femi Otedola closes in on $2 billion on Forbes, driven by a $1.13 billion First HoldCo stake, while insiders value his net worth above $3 billion.

Omokolade Ajayi Omokolade Ajayi
British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Ladi Delano’s Moove hits $2.1 billion valuation after $250 million funding

Ladi Delano's Moove hits a $2.1 billion valuation after securing $250 million to power driverless vehicle infrastructure across global markets.

Omokolade Ajayi Omokolade Ajayi