Nigerian tycoon Tony Elumelu's UBA posts $189.6-million profit in H1 2024
The double-digit decline in profits can be attributed to UBA’s higher expenses, coupled with a drop in trading and foreign exchange gains.
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Gilbert Chagoury's ITB Nigeria has won the construction contract on Diego Aponte's MSC Snake Island port deal, uniting two of the world's most secretive business dynasties on a $1 billion Lagos bet.
BUA Cement Leads a Massive N649bn Surge on Nigerian Exchange
Under the visionary leadership of Abdul Samad Rabiu, BUA Cement has triggered a massive recovery on the Nigerian stock market, adding 649 billion naira to investor wealth.
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Jay-Z's cannabis bet collapsed while the rest of his billion-dollar empire kept growing
Jay-Z built a billion-dollar empire on music, liquor and smart exits. His cannabis bet was the rare chapter that did not go to plan.