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Nigerian oil billionaire Muhammadu Indimi will receive N1.44 billion from Jaiz Bank after shareholders approved a 57 percent dividend increase following another year of strong earnings growth.
Delta State University has conferred an honorary business doctorate on oil tycoon Muhammadu Indimi, chairman of Oriental Energy Resources, at its 18th convocation in Abraka.
Twin sisters Ameena and Zara Indimi are accusing Stanbic IBTC of failing to freeze $30 million in Oriental Energy accounts, raising contempt of court allegations against multiple Nigerian banks.
A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
Nigerian logistics tycoon Taiwo Afolabi plans new offshore vessels to expand SIFAX Marine’s oil and gas operations.
Oil and gas billionaire Muhammadu Indimi has pledged ₦2 billion to the University of Maiduguri, anchoring a new endowment drive in Nigeria’s northeast.
Nigerian billionaire Muhammadu Indimi has launched a $315 million FPSO to unlock fresh oil from the Okwok field and boost the country’s output.
Oil magnate Muhammadu Indimi vows to invest $250 million in Bauchi State as Tinubu urges global investors to seize Nigeria’s growth moment.
Indimi, who holds nearly 13.1 billion shares—equal to a 29.36 percent stake, is the largest shareholder in Jaiz Bank, the first Islamic bank in Nigeria.