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Nigerian industrialist Abdul Samad Rabiu’s net worth has climbed to approximately $18.7 billion, bringing the BUA Group founder within touching distance of the $19 billion mark. According to estimates based on the Bloomberg Billionaires Index, Rabiu added about $8.5 billion…
Jim Ovia’s Real Estate Pivot Signals a Shift in Nigeria’s Profit Landscape Jim Ovia, founder and largest individual shareholder of Zenith Bank Plc, has announced a strategic pivot to focus fully on real estate development after stepping down as the…
President Bola Ahmed Tinubu has spent the last two years forcing Nigeria into one of the boldest economic resets we have seen in recent times. From removing fuel subsidy to pushing exchange-rate liberalisation, Tinubu has clearly chosen shock therapy over…
Nigeria’s power sector has long been the headache no one wants to fully cure. Today, the Federal Government launched a N729 billion bond, part of the Presidential Power Sector Debt Reduction Programme, to tackle the mountain of unpaid bills owed…
Myka Aims to Do for Insurance What Agency Banking Did for Fintech Sim Shagaya, the entrepreneur behind Konga, has launched Myka, a licensed digital insurance broker in Nigeria. Myka allows consumers and businesses to purchase insurance products from multiple providers…
When Andersen Group Inc., a global consulting giant, decides to acquire not one but two Nigerian firms, you know there’s more than just a business deal at play. Andersen Tax LP Nigeria and Verraki Partners joining forces under Andersen’s public…
Nigeria’s Central Bank has just made a move that’s both expected and telling. Holding the Monetary Policy Rate (MPR) steady at 26.5% for the second time in a row, Governor Olayemi Cardoso, and the monetary policy committee are sending a…
Lagos State’s latest plan to raise N200 billion through bond issuance is a headline that should grab every Nigerian’s attention, not just those in finance or government. When Lagos borrows this kind of money, it’s not just about numbers on…
Nigeria’s economy is a tale of two realities. On paper, the government tracks GDP, collects taxes, and designs policies based on a formal economy that’s visible and measurable. But the story on the ground is very different. There’s a parallel…
Nigerian Navy Cracks Down on Illegal Refineries in Rivers State: What It Means for the Oil Sector The Nigerian Navy has dismantled four illegal refining sites in Rivers State, recovering approximately 43,000 litres of petroleum products suspected to be illegally…
