Skip to content
Helios secures $50 million from IFC and Proparco to scale Africa’s sports and entertainment sector through investments in events, media rights, and infrastructure.
Inside Aminu Dantata’s 15-company legacy spanning oil, real estate, banking, transport, and Nigeria’s economic rise.
In Elumelu’s world, control is currency, and UBA is the crown jewel he’s determined to protect.
The agreement was reached during a recent meeting between Sahara Group’s leadership team and NNPC’s Group CEO.
Pascal Dozie, founder of Diamond Bank and key figure in Nigeria’s telecom sector, passed away at 86, leaving a legacy of transformative entrepreneurship.
Dozie founded Diamond Bank in 1990, growing it into a major player before its acquisition by Access Holdings in 2018.
Elumelu faced a similar setback in 2024 when UBA’s 32.55% stock gain was erased by naira devaluation, cutting his stake’s value $17 million.
The case adds to his growing legal troubles, marking another chapter in the challenges facing the former FBN Holdings chairman and founder of Honeywell Group.
Reports have speculated that his net worth stands at $2.15 billion, but Forbes remains the recognized authority in wealth rankings—anything else is just speculation.
NNPC acquires a 15% stake in Starzs Gas’ $7 million CNG plant, strengthening Nigeria’s clean energy drive, domestic gas expansion, and industrial development.
This milestone secured it a spot as one of Nigeria’s most profitable companies, showcasing a dramatic 361.1 percent increase in profitability compared to the prior year.
Aradel Holdings strengthens its energy sector footprint with a 5.14 percent stake in Chappal Energies, gaining access to Nigeria's key oil assets and driving future growth in the industry.
The selloff coincides with Nigeria’s decision to reject Shell’s plan to offload its onshore oil assets to a consortium that includes Aradel, alongside ND Western and Waltersmith.
This listing expands investment opportunities for Nigerians, aligning with Aradel’s mission of enabling broader participation in the oil and gas sector.
The double-digit decline in profits can be attributed to UBA’s higher expenses, coupled with a drop in trading and foreign exchange gains.
The goal, announced by UBA Group Managing Director and CEO Oliver Alawuba, underscores the bank’s vision to become one of the world’s top 10 banks over the next 25 years.