Nigerian cable tycoon George Onafowokan demands a rate cut from the Bank of Industry
George Onafowokan says recapitalisation pushed lending rates to 22-23%, below the CBN's old 26.5% benchmark, before its record cut.
George Onafowokan
Coleman, owned by Nigeria's wealthy Onafowokan family, is now the biggest cable maker in West Africa
Coleman Technical Industries ranks sixth in Africa and first in West Africa, chairman Solomon Onafowokan said at its new headquarters opening.
Nigerian cable tycoon George Onafowokan expects rate cuts within two CBN meetings
George Onafowokan says the CBN could start cutting from 26.5% within two meetings, after Coleman spent $20 million generating its own electricity.
Coleman boss George Onafowokan says manufacturing is the missing link in Nigeria's $1 trillion economy push
Coleman Technical Industries managing director George Onafowokan says Nigeria's $1 trillion economy target by 2030 is achievable but hinges entirely on manufacturing, affordable power and patient capital.
Nigerian billionaire Solomon Onafowokan's Coleman spent $20 million generating its own power
Coleman has spent more than $20 million on gas-fired power generation while paying $8.70 per unit for gas, its managing director said.