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Tuesday, October 4, 2022
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Business

On this Category, we discuss news, reports and events about businesses and offer balanced perspectives on the business climate of Nigeria.

Abidjan (AFP) - The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts...
Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. The 62-year-old Nigerian businessman and Africa’s most prominent industrialist...
It’s the length of a soccer field and the weight of 320 large elephants, but the world’s biggest oil-refining tower has finally reached its destination -- Nigeria -- after an 11,000 mile voyage. The...
Nigeria’s biggest airline entrepreneur & Chief Executive Officer of Air Peace Airlines, Chief Ifechukwu Allen Onyema has been indicted in the U.S. for bank fraud and money laundering of up to $20 million from Nigeria through several...
As the federal government is grappling with a its false start with the Nigeria Air national carrier, Akwa Ibom Gov. Udom Emmanuel has taken a giant stride, launching the first Nigeria States' wholly-owned airline, Ibom Air. The governor announced the...
A new Nigerian start-up airline, Green Africa Airways is ordering 100 Boeing 737 MAX 8 aircrafts with a whooping price tag of $11.7 billion dollars. The carrier founder and CEO is Babawande Afolabi - a former investment banker with Morgan...
It is now been confirmed that there will be a merger of Diamond Bank and Access Bank. Rumours swirled around the banking sector last month, but this was quickly denied. However, on Monday 17 December, the Board of Diamond Bank...
It’s not easy running a fashion magazine in Nigeria. Printing presses are few, and high-quality paper stock is hard to find. In Lagos, the country’s largest city and the hub of its fashion industry, consistent electricity is an issue, with...
Nigeria’s pop culture dominance is here to stay. From the hype surrounding the West African nation’s 2018 World Cup soccer kit developed in partnership with Nike, to the country’s growing footprint on the international music scene. Meanwhile, Nigerian mega...
Nigerians take the lead on lists of black billionaires, and one, Aliko Dangote, takes the top spots. With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. According to Forbes, he’s also...

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