Business

For years, Aliko Dangote has cast himself as the high priest of African self-reliance. His message is simple, forceful, and on its face compelling: Africans must invest in Africa, build Africa, and ultimately free the continent from its dependency on foreign capital and expertise. If he does not lead, he warns, others will not follow. […]

The attempt to dress this up as a “skills gap” problem collapses the moment you look at the scale and  context. Hiring a handful of foreign specialists for a highly technical, first-of-its-kind facility is one thing. Recruiting an army of roughly 11,000 expatriates, predominantly Indians, to operate the crown jewel of Nigeria’s industrial ambition is something […]

There are governments that save for the rainy day, governments that prepare for the storm, and governments that, when the heavens open and money falls like tropical rain, rush outside with buckets full of holes. Nigeria, under President Bola Tinubu, has perfected a fourth category: the government that borrows during a windfall. It is a […]

In an age too often seduced by the narrow arithmetic of quarterly returns, Tony Elumelu stands as a rather inconvenient rebuke: a capitalist who insists that profit, properly understood, must carry within it the moral obligation of progress. If the modern boardroom has produced its fair share of tacticians and empire-builders, it has rarely produced […]

In a move to reaffirm his commitment to empowering African entrepreneurs, Chairman of Heirs Holdings, UBA Group and Founder of the Tony Elumelu Foundation (TEF), Tony O. Elumelu, CFR, has announced 3,200 beneficiaries for the 2026 TEF Entrepreneurship Programme.   The announcement, made in Abuja, coincides with the philanthropist’s annual reflection on impact, purpose, and […]

In Nigeria’s oilpatch, reputations are often built on acreage and access. Abdulrazaq Isa has chosen a harder route: institutions. Over three decades he has constructed, with almost bankerly fastidiousness, a business that mirrors the evolution of indigenous participation in Africa’s largest hydrocarbon economy; from marginal fields to modular refining and, increasingly, industrial ambition. If Nigeria’s […]

Nigerian tycoon billionaire, Tony Elumelu has chosen Rwanda as the launchpad for the continental expansion of his investment bank, United Capital, establishing a new entity inside the fast rising Kigali International Financial Centre (KIFC). The move underscores Rwanda’s growing ambition to become Africa’s premier financial hub; but it comes at a moment of escalating geopolitical […]

For a country that lives and dies by oil, the guardianship of its pipelines is never merely a technical matter. It is a question of who holds the balance of power in the creeks. That is why the likelihood that President Bola Ahmed Tinubu may cancel the pipeline surveillance contract held by Government Ekpemupolo, aka […]

Nigeria has always been prickly about sovereignty. Born from anti colonial struggle and shaped by decades of military rule, the country’s political class instinctively bristles at foreign boots on its soil. Yet today, as 200 US troops quietly embed themselves within Nigerian military formations in Bauchi and Borno, the sovereignty debate has returned; this time […]

United Bank for Africa (UBA) Plc, Africa’s Global Bank has launched a simplified instant account opening digital platform designed to make banking faster, more accessible, and truly borderless for customers across Africa and in the diaspora.   The new platform enables prospective customers to begin and complete their account opening journey fully online, eliminating the […]