Nigerian businessman Ladi Jadesimi’s Aradel to acquire NNPC, TotalEnergies oil fields
The acquisition marks a significant expansion for the integrated energy group.
Nigerian businessman
Nigerian businessman Arthur Eze recovers stolen assets worth millions of dollars
The EFCC upheld the forfeiture of 20 properties, 10 vehicles, and luxury watches to Eze, dismissing appeals by his brothers.
Nigerian businessman Atedo Peterside retires from Standard Bank Group after 35 years
“The retirement age is actually 70, but I believe 35 years is enough, and the succession plans have worked well,” he said.
Nigerian businessman Tony Elumelu’s UBA distributes $53.4-million dividend to shareholders
During the AGM, the board presented UBA Group’s outstanding financial performance for 2023, which saw the bank become Nigeria’s second-largest lender by assets.
Nigerian businessman Tony Elumelu calls for investment in African healthcare innovation
Elumelu has solidified his position as a titan of African commerce, transforming UBA Group from a domestic bank into a continental powerhouse.
Nigerian businessman Tony Elumelu’s UBA reports $468.8-million profit in 2023
The substantial surge in profit was driven by higher interest income and a notable increase in foreign exchange earnings throughout the year.
Nigeria’s richest banker Jim Ovia’s Zenith Bank posts profit exceeding $500 million
This was driven by a combination of surging interest income and substantial gains from foreign exchange portfolio revaluations.
Nigeria’s richest banker Jim Ovia gains $41 million from Zenith Bank stake
Ovia, ranked among Africa’s affluent individuals, has seen an impressive increase in the market value of his stake in Zenith Bank.
Nigerian banker Jim Ovia’s Zenith Bank partners with Mastercard to boost financial inclusion in Nigeria
The partnership marks a milestone for Mastercard, as it introduces its first domestic card in Africa and debuts the World Elite Credit Card in West Africa.
Nigerian businessman Tony Elumelu’s UBA stake nears $50 million
As his stake in UBA approaches $50 million, Elumelu’s influence and commitment to Africa’s economic prosperity remain undeniable.
Nigerian businessman Tony Elumelu awards $5-million seed capital to 1,000 African entrepreneurs
Each recipient is set to receive a $5,000 non-refundable seed capital to kickstart their entrepreneurial endeavors.