Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

For more than three decades, Jim Ovia has been closely tied to Nigeria’s banking sector. He founded Zenith Bank in 1990 with modest capital and built it into the country’s largest lender by market value and one of its most profitable financial institutions. Now, as he steps back from the chairmanship of the bank he created, the 74-year-old businessman is…

Omokolade Ajayi June 9, 2026

Business Hot News

Old Mutual Bank adds senior executives as Africa banking push intensifies

Old Mutual is stepping up its expansion into South Africa's competitive banking sector, bringing in experienced industry leaders ahead of the public launch of OM Bank later this year. The financial services group has appointed Ethel Nyembe as chief product and innovation officer and Ancley Jacobs as chief growth officer, adding two executives with extensive experience at some of the…

Oluwatosin Alao June 9, 2026

Business Hot News

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Egypt’s $520 million fertilizer plant secured potential $174 million IFC debt package to expand phosphate output and boost exports in Ain Sokhna, Egypt region

Feyisayo Ajayi June 9, 2026

Business Hot News

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Omnia Holdings posts 25% profit growth as Agriculture and Mining drive earnings, while Chemicals rebounds on restructuring.

Feyisayo Ajayi June 9, 2026

Alcazar Energy-Egypt Gabal El Zeit wind farm deal signing

Business Hot News

Alcazar Energy lands $420 million deal on Egypt wind farm expansion

Alcazar Energy Egypt wind farm deal worth $420M expands Gabal El Zeit project, boosting Egypt’s renewable energy transition.

Timilehin Adejumobi June 9, 2026

Tag: sovereign debt

Zambia to buy back 2053 bond with $600 million AFDB loan

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Old Mutual Bank adds senior executives as Africa banking push intensifies

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Alcazar Energy lands $420 million deal on Egypt wind farm expansion

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Old Mutual Bank adds senior executives as Africa banking push intensifies

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Old Mutual Bank adds senior executives as Africa banking push intensifies

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

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