Business

Femi Otedola has accused Tony Elumelu of taking advantage of his bankruptcy in 2008 and backstabbing him. Otedola claimed that he gave Elumelu $20 million in 2005 to purchase UBA shares. When Otedola decided to sell his shares after the share price went up, Elumelu persuaded him to keep them. …

  Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list, after making N460 billion in a day.   The Chief Executive Officer of Dangote Group made the profit following increased demand for Dangote Cement, beating his fellow billionaires by earning about $100 …

Across West Africa John Dumelo is one of the most successful Ghanaian actors featuring in over 100 movies after making his debut on ‘Baby thief’ at age seven in 1991.   Although the movie industry in Ghana has shrunk in the last decade, he still commands a lot of respect …

Motorcycles seized The police confirmed the release of 67 vehicles and motorcycles to the Members of Shi’ites (an Islamic Group).   Mr Mark Abu, Counsel for the plaintiffs, said this was an execution of the judgement of Kaduna State High Court which directed the police to release to his clients …

Former cryptocurrency billionaire, Sam Bankman-Fried has lost his billionaire status, according to the Bloomberg Billionaires Index. Bankman-Fried, whose estimated net worth as of November 8, 2022, was $15.6 billion, lost 94% of it in a single day to land at just around $991.5 million. At his peak, Bankman-Fried, the founder …

Saudi Aramco is set for a major offshore investment as it plans to build a $10-billion refining and petrochemical complex in China over the next three years, taking advantage of the country’s growing demand for energy. The complex will have a capacity of 300,000 barrels of crude daily, Aramco said …

Several small businesses and services abound which one can do to make at least N3000 in Nigeria. Some may need you to invest so much money, while others aren’t capital intensive, however, before you delve into any, make sure you want to do it. In this article, we’ll be discussing …

  Congressman Tom Emmer has spoken out on the Biden-led administration’s alleged approach of “weaponizing market chaos to kill crypto.” In response, he sent an investigative letter to the Federal Deposit Insurance Corporation (FDIC) Chairman. This was in addition to the Federal Reserve’s (FED) launch of a new instant payment …

Nassef Sawiris, with an estimated net worth of $7.7 billion according to Forbes, is no stranger to living an expensive lifestyle. As a successful business mogul and one of the wealthiest individuals in Egypt, Sawiris has the means to indulge in lavish purchases and experiences. This is evident in the …

Business Insider presents 5 African countries whose 2023 economic growth has been predicted by the World Bank. Nigeria and Kenya are set to experience a decline in their growth trajectory.  This list is courtesy of the World Bank’s updated data.  The last quarter of 2022, saw some of the most …