Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria

Adenuga rank next to Dangote in Forbes billionaires ranking

Globacom Chairman Mike Adenuga Jnr, with interests in oil exploration and real estate has moved up, ranking next to Aliko Dangote as Africa’s second richest man. Forbes magazine said Adenuga’s net worth rose tremendously from $5.3 billion to $9.2 billion. He is now just $800million away from Dangote Group President Aliko Dangote, whose wealth dipped […]

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Petroleum marketing firms laments over lack of deregulation

Petroleum marketing companies in the country have said the lack of deregulation in the downstream sector of the nation’s oil and gas sector is taking a toll on their business and hampering investment. They said that full deregulation of the sector would help to stabilise the fuel market and boost local refining. The Chairman, Conoil […]

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Combined wealth of five Nigerians can end poverty: Oxfam

Oxfam International on Wednesday in Abuja unveiled its ‘Inequality in Nigeria’ report, which revealed the harsh economic reality in a country where 112 million citizens live in abject poverty, stating that the combined wealth of five of her richest citizens, put at about $29.9bn, could end extreme poverty in the nation. Quoting Forbes, the agency […]

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Adenuga, 6 others nominated for Technology Times awards

Technology Times has announced six nominees for its person of the year 2016 award. These nominees include the Chairman, Globacom Limited; Mike Adenuga; the Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar Danbatta; and the Chairman, Zinox Technologies, Leo Stan Ekeh Others are the pioneer Minister of Communications Technology, Omobola Johnson; the Chief Executive Officer, […]

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