Tag: Nigeria

Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

Abdul Samad Rabiu lost $1.02 billion after a wave of selling on the NGX erased $2.64 billion in market value, marking the exchange's sharpest daily decline of 2026.

Omokolade Ajayi Omokolade Ajayi
Late Nigerian banker Herbert Wigwe
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Estate of Late Nigerian banker Herbert Wigwe sees Access Holdings stake top $52 million

Herbert Wigwe’s estate stake in Access Holdings tops $52 million as the lender’s share price rally boosts the value of its 5.71% holding.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

BUA Foods brings back branded BUA Rice to boost domestic supply after the rice division generated $11 million in the first quarter of 2026.

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Dr. Awele Vivien Elumelu.
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Dr. Awele Elumelu: Physician behind Nigeria’s top HMO and $1.6 billion hospitality giant

Dr. Awele Elumelu, the physician leading a $1.67 billion hospitality giant and Nigeria’s most trusted health maintenance organization.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s energy giant Aradel posts $90 million Q1 profit as new assets pay off

Aradel Holdings reports a 252 percent surge in Q1 profit to $90 million, powered by newly integrated upstream and gas assets.

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Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
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Nigerian businessman Ladi Jadesimi set for $3.9 million Aradel dividend

Ladi Jadesimi is set for a $3.9 million Aradel Holdings dividend after the Nigerian energy group’s annual profit surged by 192 percent.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
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GTBank co-founder Fola Adeola eyes $4 million dividend from Nigerian energy giant Aradel

Fola Adeola to receive over $4 million dividend from Aradel Holdings after record 2025 profit driven by strong earnings and acquisitions.

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The Central Bank of Nigeria.
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Oil exports lift Nigeria’s current account surplus to $4.98 billion in Q1 2026

Oil and gas export growth lifted Nigeria's current account surplus to $4.98 billion in Q1 2026 as refined petroleum imports plummeted.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

Aliko Dangote’s refinery has slashed domestic fuel prices in Nigeria following a decline in global crude costs spurred by a United States-Iran interim peace agreement.

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Nigerian executive Khalifa Biobaku.
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Nigerian executive Khalifa Biobaku exits UAC of Nigeria with $6.2 million share sale

Nigerian executive Khalifa Biobaku sells his remaining stake in UAC of Nigeria for N8.41 billion ($6.2 million), finalizing his full divestment.

Omokolade Ajayi Omokolade Ajayi
Lithium
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Nigeria wins $3 billion in mining investments as Africa halts cheap raw exports

Nigeria secures $3 billion in mining investments as African nations halt cheap raw exports to focus on local processing.

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
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Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

Conoil posts N3.89 billion ($2.9 million) Q1 2026 profit as cost cuts offset revenue decline and strengthen margins.

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