Mike Adenuga, the founder and visionary behind Globacom, one of Nigeria’s leading telecommunications service providers, is witnessing an exponential increase in his wealth through his investment in Julius Berger, the construction giant in Nigeria. Indeed, according to data reported by Billionaires.Africa, the value of his stake in Julius Berger has soared dramatically, reaching over $3.4 million within just eight days.
Africa: Trump plans to close american embassies and consulates
During his first term, Donald Trump had already shocked with his derogatory remarks about African nations, notably when he referred to them as “shithole countries”…
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Nigeria: Nnamdi Kanu faces another legal setback
The Federal High Court sitting in Abuja on Tuesday rejected the fresh bail application filed by the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, seeking to be released on bail pending the determination of the charges against him by the Nigerian government. Instead, Justice Binta Nyako ordered an accelerated hearing on the seven charges leveled against him by the government.
Series of kidnappings in Nigeria: The United Nations calls for action
Recent waves of mass kidnappings in Nigeria have raised serious concerns within the United Nations, which called on Friday for thorough investigations to ensure that those responsible are brought to justice. These kidnappings, which have affected hundreds of children and others, have been carried out by criminal gangs primarily operating in the northwest of the country, targeting schools, villages, and highways to quickly abduct large numbers of people for ransom.
Cement price hike: Billionaires Dangote and Rabiu to be summoned by legislators soon
The recent surge in cement prices in Nigeria has sparked outrage among federal legislators, who have summoned some of the industry’s leading tycoons to account for this steep increase. Among those summoned are iconic figures such as Africa’s richest businessman, Aliko Dangote, and prominent entrepreneur Rabiu Abdulsamad.
Death of Mohbad: singer Primeboy reportedly arrested
La scène musicale nigériane est une fois de plus secouée par des développements choquants alors que la police de l’État de Lagos a récemment appréhendé Ibrahim Owodunni, plus connu sous le nom de Primeboy, dans le cadre de l’enquête sur la mort controversée du chanteur Mohbad. Cette arrestation, survenue mardi dernier alors que le musicien se rendait au Département d’enquête criminelle de l’État à Panti, Yaba, aux côtés d’Ayobami Fisayo, alias Sending, soulève de nombreuses questions quant à la tournure de cette affaire déjà complexe.
Tony Elumelu invests in Africa's tech future
Tony Elumelu, one of Nigeria’s most influential tycoons, continues his visionary quest to boost Africa’s economic development with the launch of Heirs Technologies. This new entity, a subsidiary of Heirs Holdings, is committed to being a major player in the digital transformation of the continent.
Poverty in Nigeria: writers issue a call to Tinubu
Nigerian writers, united under the banner of Writers for Democratic Change (WfDC), have recently issued a passionate appeal to President Bola Tinubu to take concrete steps towards the welfare of citizens affected by poverty and other pressing issues. In a statement released by their coordinator, Wole Adedoyin, the group highlighted the growing difficulties faced by millions of Nigerians and urged the current administration to pay particular attention to these pressing concerns.
This Famous Brand Has Chosen Burna Boy as Its Face
In a bold and innovative move, G-Star recently unveiled its latest collaboration with afro-fusion superstar Burna Boy. Renowned well beyond his native borders for his groundbreaking contributions to music, Burna Boy also brings to this collaboration a sense of style that resonates with G-Star’s daring. The announcement of this partnership was made in a spectacular fashion, through the release of a captivating video clip showcasing the first pieces from this creative union.
Nigeria: a religious figure makes bleak predictions
Father Ejike Mbaka, The Spiritual Director of Adoration Ministry Nigeria (AMEN), has sounded the alarm about an imminent wave of famine that could devastate the country. Speaking during his Sunday homily, the religious leader warned President Bola Tinubu of the devastating consequences of growing insecurity and difficulties in Nigeria. Mbaka, while acknowledging the obstacles he himself has overcome to ascend to the presidency through an act of providence, criticized Tinubu‘s lack of political will to address the nation’s problems.
Dangote refinery poised to import crude from US by end of February
The Dangote Refinery in Nigeria, the largest in Africa, is poised to reach a major milestone by diversifying its sources of crude oil supply. According to well-informed traders, the Trafigura Group is reported to have sold 2 million barrels of WTI Midland to the Dangote refinery for delivery by the end of February. This transaction marks a significant turning point for the refinery, as it prepares to import crude oil from the United States for the first time, according to a Bloomberg report.