Tag: Nigeria

Aradel refinery chief Temitayo Ogunbanjo.
Hot NewsBusiness

Aradel refinery chief Temitayo Ogunbanjo sells $3.3 million stake as shares slide 37%

Temitayo Ogunbanjo has sold Aradel shares worth N4.53 billion ($3.3 million) amid recent stock market pressure.

Omokolade Ajayi Omokolade Ajayi
Professor Deji Olanrewaju
Hot NewsBusiness

Zedvance names former CIBN president Deji Olanrewaju board chairman as lending push gathers pace

Zedvance Finance has named veteran banker Professor Deji Olanrewaju board chairman as the non-bank lender targets a $185 million commercial lending push.

Omokolade Ajayi Omokolade Ajayi
Aradel general counsel Titilola Omisore
Hot NewsBusiness

Aradel general counsel Titilola Omisore sells $4.7 million stake as shares slide 37%

Aradel Holdings General Counsel Titilola Omisore divests 5 million shares for $4.7 million as the energy firm's stock drops 37 percent.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Nigeria's NNPC revenue fell to $3.15 billion in May as reservoir pressures and export limits squeezed earnings despite steady oil output.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

Fola Adeola loses $130 million in paper wealth as an NGX market correction hits Aradel Holdings shares.

Omokolade Ajayi Omokolade Ajayi
Zenith Bank
BusinessHot News

After Kenya deal and Côte d’Ivoire launch, Zenith Bank expands with new branch in southern Nigeria

Following moves in Kenya and Côte d'Ivoire, Zenith Bank expands in southern Nigeria as total assets reach $23.4 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

Nigerian billionaire Tony Elumelu shares the one crucial quality every African entrepreneur needs to build lasting institutions.

Omokolade Ajayi Omokolade Ajayi
Osa Igiehon, Chief Executive Officer, Heirs Energies.
Hot NewsBusinessTechnology

Heirs Energies OML 17 JV, Redtech launch digital operations hub to boost Nigeria oil production

Heirs Energies OML 17 JV and Redtech launch a digital operations hub to monitor real-time data, boost asset reliability, and raise Nigeria oil output.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

BUA Group chairman Abdul Samad Rabiu loses $3.4 billion in six weeks following a major profit-taking wave on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

A broad Nigerian stock market sell-off erases $2.6 billion from Aliko Dangote's fortune in less than a month as cement shares tumble.

Omokolade Ajayi Omokolade Ajayi
Beninese-Gabonese oil billionaire Samuel Dossou-Aworet
BillionairesBusinessHot News

Beninese-Gabonese oil billionaire Samuel Dossou-Aworet to pocket $8.9 million Aradel dividend after record year

Samuel Dossou-Aworet is set to receive an $8.9 million Aradel dividend after the Nigerian energy producer posted record 2025 earnings.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

A 10 percent plunge in Dangote Cement shares drove a $2.64 billion market loss, marking the sharpest one-day drop for Nigerian equities in 2026.

Omokolade Ajayi Omokolade Ajayi