Nigerian billionaire Mike Adenuga’s Conoil reports $1.34 million in profit in Q1 2022
Adenuga’s 74.4-percent stake in the company is worth $32.6 million.
Nigeria
Nigerian entrepreneur Olugbenga Agboola’s Flutterwave becomes most valuable startup in Africa
The funding comes on the heels of a five-year run in which Flutterwave has completed more than 200 million transactions totaling over $16 billion.
Banking tycoon Tony Elumelu gains nearly $2.8 million from stake in UBA
Elumelu has recently shown interest in Caribbean markets as part of a strategic drive to foster wealth creation through partnership.
Nigeria to commission $1.3-billion fertilizer plant with Morocco
The plant will facilitate fertilizer production using gas reserves, improve Nigerian agriculture and enhance bilateral trade between the countries.