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No Rift Between Dangote And Tony Elumelu

Dangote Group: There is no rift between our founder and Tony Elumelu Dangote Group has denied Aliko Dangote, the founder of the company, fell out with Tony Elumelu, the chairman of United Bank for Africa (UBA).  The rebuttal follows a post by Oghneminehhhhh on X, claiming Dangote said “in 2021, when the refinery I was building was only half-completed, I ran out of funds to continue the project  The user further claimed that Dangote said he “reached out to many of my business colleagues for financial assistance, including Femi Otedola, Abdulsamad Rabiu, and Mike Adenuga”. According to the post, the billionaire said Elumelu “promised to assist me with $20 million,” but later “blocked my contact everywhere”. The user added that Dangote said his “other business colleagues came together and raised $500 million for me” and that Femi Otedola alone contributed $300 million. In a statement on Saturday by Anthony Chiejina, group chief branding and communications officer for ...
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Zenith Bank Opens Branch In Côte d’Ivoire

Zenith Bank is spreading like wildfire all over Africa as the bank has just opened a new branch in Côte d’Ivoire.  Safe to say that Côte d’Ivoire is red. 🇨🇮  Love to see homegrown Nigerian brands that started from here, playing big on the global stage.  Things I love to see.
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The Current Short-let Epidemic In The Country

The proliferation of short-let apartments in Lagos is the primary driver behind the recent surge in rental prices, which is spreading rapidly like a virus throughout the city.  Unfortunately, residents who are unable to afford the exorbitant rents are relocating to Ogun State and to the east , as the rental hike is unsustainable and exceeds the means of many individuals, given that income levels have not increased commensurately with the rent hike.  Historically, properties in Lagos were considered a stable investment, a store of value providing a reliable source of annual income and a valuable asset that could be liquidated in times of financial need.  However, the emergence of the short-let apartments culture has altered this paradigm.  Landlords have discovered that they can generate daily and monthly income by converting their properties into short-let apartments, rather than waiting for a full year to realize a return on their investment.  This ...
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Why Do So Many Youths Want To Do Fraud?

So, this electrician came to my house the other time to fix some basic stuff.  He did a good job, but I was taken aback this morning to receive a message from him stating that he is available to learn work from me, and in case I have an online update to share with him, he will be grateful because he is tired of this work.  Online update?  Confused, I had to call him in case I did not get the memo about the new online update.  And then he said, 'Senior man! I know you Dey street. Please connect your brother.'  I was further confused because I don’t understand what he means by street.  Street! From where to where?  Only for him to bluntly say, 'I know that's what you do. You are a yahoo boy. Please, your brother wants to learn work too.'  I don’t know whether to get upset or to laugh because the whole thing sounded very funny to me.  I also did not understand what he saw in me that gave him the impression that I’m a yahoo boy, but regardless, I...
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Samsung And IPhone Are The Two Most Popular Phones In The Country

Walk into any Nigerian gathering, and there’s a high chance the phone beside you is either a Samsung or an iPhone. New NCC data says: - Samsung users: 37.8% - iPhone users: 21.4% So basically, 1 in every 2 smartphone users is carrying one of those two brands. Latest industry data has revealed that over 50% of Nigerians are either Samsung or iPhone users, reflecting the purchasing power of Nigerians and brand perception despite the high cost of these smartphones.  But there’s another story happening quietly underneath. - Tecno jumped from 10.9% → 14.2%. - Xiaomi climbed to 7.8%. Affordable Android brands are growing aggressively because they’re becoming the gateway to the internet for millions of Nigerians. So this how they are ranked  1) Samsung  2)iPhone  3) Tecno  4) Xiaomi  5) Huawei The 5G rankings are interesting too. The most adopted 5G device in Nigeria right now? Not iPhone. Not Samsung. Huawei Mate 40 Pro 5G. Meanwhile, 5G penetration ...
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How Nigerian Governors Embezzle Money

I don’t know how many of us have been following Yahaya Bello’s EFFC trial  Please, if you are not following, I beg you to follow the proceedings.  The trial will give you a clue how our 36 states' governors are looting their states dry every month till their tenure is over and why our country is irredeemable as long as these present political elites are in charge.  So this is the looting template.  Receive allocation from Abuja and then generate revenue from helpless poor citizens of their state through IGR, and then the looting starts.  For those who have a conscience, they loot by awarding an overinflated contract, and through that funnel, funds are recycled to them, which are instantly converted to dollars.  Most times, The highly inflated contract are not executed as they awarded as a way of siphoning money.  For those of them that don’t have a conscience like Yahaya Bello, they simply loot with brazenness and without fear of God without recours...
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Abdulsamad Rabiu Is Now Africa's Second Richest Man

The top 2 richest people in Africa are Nigerians. Abdulsamad Rabiu is now Africa's second richest man, nearing the $20 billion mark. Abdulsamad Rabiu has become Africa's second-richest man in Africa after an impressive year-to-date increase of $8.88 billion. Rabiu now trails only Aliko Dangote, surpassing South Africa's Johann Rupert, whose net worth dropped to $17.7 billion.
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