Nigeria’s economy has officially entered a recession. The latest growth figures shows the economy shrunk by 2.06% between April and June.
United Bank for Africa (UBA) plans to increase its presence in Africa outside Nigeria to 25 countries from 18 now and inject capital into its subsidiaries in Kenya, Tanzania and Uganda, its chairman said on Tuesday.
Olatorera Oniru is one of Nigeria’s most assiduous and ambitious young entrepreneurs. The 29 year-old lady is the founder of Dressmeoutlet.com, a Lagos-based e-commerce startup that retails fashion products sourced from across the globe.
Lagos-based UBA Group has appointed Kennedy Uzoka as Group Managing Director, with effect August 1st, 2016 and contingent on the approval of Nigeria’s Central Bank.
African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.
If American politics are brutal, then those in Nigeria are a blood sport. Since 1963, there have been 14 Nigerian heads of state.
As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.
Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.
The Tony Elumelu Foundation (TEF) has announced the selection of the first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP).
This week, world leaders from the public and private sectors, civil society and academia are gathered at Davos to discuss a “new global context” – the theme of the World Economic Forum’s 2015 annual meeting.
Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp, has said that the Nigerian economy is more resilient to falling oil prices than is being projected.
Tony O. Elumelu, one of Africa’s wealthiest magnates (who recently launched a $100 million program to support entrepreneurship in Africa) is understood to have put an undisclosed sum into Silicon Valley-based mobile startup Wonderloop.
In the last week alone, the international media has been buzzing about Chi, a Nigerian drinks company, and Africell, the largest mobile phone operator in Sierra Leone and Gambia.
One of Africa’s richest businessmen, Tony Elumelu, has launched a $100 million program to support and promote entrepreneurship across the continent.
Nigeria has four new billionaires, according to wealth research done by Ventures Africa.
As Africa’s global business prominence continues to surge, so too does Aliko Dangote’s profile as one of the region’s most recognised entrepreneurs.
Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”
Tony Elumelu, Chairman of Heirs Holdings, a pan-African investment firm based in Lagos, Nigeria, talks about the investment climate and availability of capital in different African countries.
You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?
Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.
The Board of Directors of Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Mr. Emmanuel Nnorom as the President/Chief Executive Officer of the company.
Transcorp Chairman, Tony Elumelu, talks about his ambitious plans to grow the group into a billion dollar conglomerate within five years. Elumelu also explains why he chose Rwanda as the base for a new commodities exchange in Africa.
A new commodities exchange that launched late last week in Kigali, Rwanda, aims to use state-of-the-art technology to provide East Africa’s small-scale farmers access to agricultural and financial markets.