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Showing posts from May, 2026

Professor Oloyede and the congratulations I withheld for ten years, By Aliu Akoshile (with rahim7867)

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Professor Oloyede asked us to defer congratulations “till, if God wills, this assignment comes to a successful end.” It has. He met JAMB on a stretcher. The surgery held. The patient lived. He is leaving it walking — with a solid balance sheet, with dignity and efficiency, and with the dangerous idea that a Nigerian […] The post Professor Oloyede and the congratulations I withheld for ten years, By Aliu Akoshile appeared first on Premium Times Nigeria . Source

El-Rufai camp signals shift as son backs Ashiru despite ADC primary revolt by top ally (with rahim7867)

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“When you see the son of a former governor celebrating with Ashiru while his father’s ally is protesting, it tells you there are deeper political calculations going on.” The post El-Rufai camp signals shift as son backs Ashiru despite ADC primary revolt by top ally appeared first on Premium Times Nigeria . Source

Gov Sani commends Kaduna pilgrims in Makkah (with rahim7867)

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Governor Sani reminded the pilgrims that Hajj is a pillar of Islam that requires patience, perseverance and total devotion to Allah (SWT) The post Gov Sani commends Kaduna pilgrims in Makkah appeared first on Premium Times Nigeria . Source

Wealth Intelligence: The Motsepe Architecture — How a Mining Fortune Became a Diversified Pan-African Capital Platform (with rahim7867)

A wealth-architecture profile of Patrice Motsepe, whose $4.3 billion fortune now spans diversified mining, gold, digital banking, renewable energy, and a presence on the share register of the world's largest sovereign wealth fund. Source

Burkina Faso billionaire Inoussa Kanazoe acquires key gold mines as foreign firms are pushed out under Traore (with rahim7867)

Inoussa Kanazoe's Soleil Resources International acquired the BMC and Roxgold gold mines as Burkina Faso's President Ibrahim Traore accelerates the push to replace foreign miners with domestic owners. Source

Egyptian dairy tycoon Safwan Thabet at war with Qatari shareholder Baladna over Juhayna stake (with rahim7867)

Egypt's Juhayna Food Industries has locked out Baladna, its Qatari second-largest shareholder with over 15% of the company, in a fresh ownership dispute at the country's biggest dairy producer. Source

Ogun strengthens school security with new multi-agency initiative (with rahim7867)

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The governor said the initiative became necessary in response to recent security developments in neighbouring states The post Ogun strengthens school security with new multi-agency initiative appeared first on Premium Times Nigeria . Source

Children’s Day: Tinubu pledges intensified rescue efforts for abducted pupils in Oyo, Borno (with rahim7867)

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In a statement on Wednesday marking the 2026 Children’s Day celebration, Mr Tinubu said children abducted in Oyo and Borno states remained a priority for his administration, noting that the government would not abandon affected families. The post Children’s Day: Tinubu pledges intensified rescue efforts for abducted pupils in Oyo, Borno appeared first on Premium Times Nigeria . Source

NYSC member builds ramp, renovates Abuja school (with rahim7867)

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Inspired by a physically challenged pupil who dropped out due to a lack of accessible walkways, NYSC member Nature-Iboro Edet renovated four classrooms and constructed a ramp at LEA Nomadic Primary School in Abuja to improve school accessibility. The post NYSC member builds ramp, renovates Abuja school appeared first on Premium Times Nigeria . Source

President of AfDB, Sidi Ould Tah, says Africa is not poor. It just has $4 trillion sitting in the wrong places (with rahim7867)

AfDB president Sidi Ould Tah has opened the bank's 61st annual meeting in Brazzaville by unveiling a plan to mobilize Africa's $4 trillion in pension and sovereign wealth funds to close a $400 billion annual development financing gap. Source

Aliko Dangote's sugar company just opened a $300 million rights issue. The naira almost killed it first (with rahim7867)

Dangote Sugar Refinery has opened a N485.9 billion ($300 million) rights issue at N60 per share, offering two new shares for every three held, in a bid to slash debt and revive its Sugar for Nigeria backward integration programme. Source

Jim Ovia, Ogunlesi, Mwangi and Jonah named Lifetime Achievement winners at ABLA 2026 (with rahim7867)

Jim Ovia, Adebayo Ogunlesi, James Mwangi and Sam Jonah have been named Lifetime Achievement Award winners at the 16th African Business Leadership Awards 2026. Source

Flooding: Anambra community protests, seeks urgent govt intervention (with rahim7867)

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The protesters, including youths, community leaders, and other stakeholders, described the natural disaster as severe and is threatening livelihoods, property, and public safety. The post Flooding: Anambra community protests, seeks urgent govt intervention appeared first on Premium Times Nigeria . Source

2027: Atiku wins ADC presidential primary in Edo (with rahim7867)

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According to the chairperson of the electoral committee , Atiku polled 17,729 votes to defeat his closest rival, former Rivers governor Rotimi Amaechi, who secured 10,116 votes, while Mohammed Hayatu-Deen garnered 1,906 votes. The post 2027: Atiku wins ADC presidential primary in Edo appeared first on Premium Times Nigeria . Source

Femi Azeez opens up on dream Super Eagles debut after historic brace against Zimbabwe (with rahim7867)

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On a night filled with fresh faces and renewed optimism under Éric Chelle, Azeez emerged as the headline act, delivering a stunning two-goal performance that instantly announced his arrival on the international stage The post Femi Azeez opens up on dream Super Eagles debut after historic brace against Zimbabwe appeared first on Premium Times Nigeria . Source

African Wealth Briefing — Wed., May 27, 2026 (with rahim7867)

South Africa is the only African country in the global top 20 for billionaire growth; Hiridjee joins Jumia board; Moulay Elalamy takes 92.3% of Sweden's Arktika bank; and Anthropic pays SpaceX $1.25B/month. Source

Executive Insight: Standard Bank at R517 Billion — The Pan-African Banking Hierarchy Has Been Structurally Reordered (with rahim7867)

The May 25 milestone is not a one-day market event. It is the cumulative confirmation of a 24-month structural repositioning of the South African Big Four. Source

The Inside Story: Canal+'s JSE Listing on June 3 and the Architecture of the New Pan-African Media Cycle (with rahim7867)

The Canal+ JSE listing arrives at a structurally distinctive moment. Source

Bye-election: Ex-minister Maku emerges LP candidate in Nasarawa North, Eze in Enugu North (with rahim7867)

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The candidates emerged during the party’s primaries held on Monday across the affected constituencies. The post Bye-election: Ex-minister Maku emerges LP candidate in Nasarawa North, Eze in Enugu North appeared first on Premium Times Nigeria . Source

Hayatu-Deen boycotts ADC presidential primary result announcement over alleged rigging (with rahim7867)

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Mr Hayatu-Deen announced his decision via a post on X, stating he would not be present at the result declaration scheduled for Tuesday. The post Hayatu-Deen boycotts ADC presidential primary result announcement over alleged rigging appeared first on Premium Times Nigeria . Source

Unity Cup: Debutant Azeez fires Super Eagles past Zimbabwe into final (with rahim7867)

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Femi Azeez wasted little time announcing himself on the international stage The post Unity Cup: Debutant Azeez fires Super Eagles past Zimbabwe into final appeared first on Premium Times Nigeria . Source

Most African boards have a strong executive bench but no CEO-ready successor, Heidrick and Struggles warns (with rahim7867)

Only four in 10 African board members feel confident their CEO succession planning leaves the organisation stronger, according to the 2026 Heidrick and Struggles CEO and Board Confidence Monitor. Source

Egypt's billionaire El-Sewedy family eyes Cameroon investments as part of a new Algeria-Egypt industrial consortium (with rahim7867)

Egypt's Elsewedy Electric is part of a new Algerian-Egyptian industrial consortium targeting investments in Cameroon's energy and industrial sectors, according to reporting from News du Camer. Source

South Africa's Datatec posts one of its best years ever as AI drives record demand for cybersecurity and IT infrastructure (with rahim7867)

Datatec posted gross invoiced income of $8.5 billion and headline earnings per share up 56.5% in FY2026, with CEO Jens Montanana describing it as one of the strongest years in the group's history. Source

TRENDING: ‘Blood Sisters’ trailer sparks Nollywood’s accuracy versus creativity debate (with rahim7867)

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Netflix Nigeria’s Blood Sisters Season 2 teaser has reignited widespread online conversations after viewers criticised the prison uniforms featured in the series as unrealistic and disconnected from Nigerian prison realities. The post TRENDING: ‘Blood Sisters’ trailer sparks Nollywood’s accuracy versus creativity debate appeared first on Premium Times Nigeria . Source

2027: Olaniyi emerges SDP governorship candidate in Lagos (with rahim7867)

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Mr Olaniyi promised policies aimed at boosting small businesses and creating a more enabling environment for technology and creative industries to thrive. The post 2027: Olaniyi emerges SDP governorship candidate in Lagos appeared first on Premium Times Nigeria . Source

Former Kwara PDP chairman Oyedepo wins ADC senatorial ticket (with rahim7867)

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Kwara PDP chairman and ex-lawmaker Iyiola Oyedepo formally enters the Kwara South senatorial race amid growing political realignments ahead of the 2027 elections. The post Former Kwara PDP chairman Oyedepo wins ADC senatorial ticket appeared first on Premium Times Nigeria . Source

Elon Musk's SpaceX has a secret weapon: Anthropic is paying it $1.25 billion a month to keep training its AI (with rahim7867)

Anthropic is paying SpaceX $1.25 billion a month for access to its Colossus supercomputing clusters through May 2029, a $15 billion annual deal disclosed in SpaceX's S-1 that transforms the IPO's investment case beyond rockets and satellites. Source

How Nigerian tycoon Hassan Hammoud built Mamuda Group from leather into a $150 million conglomerate with 11,000 workers (with rahim7867)

Hassan Hammoud turned his late father's failing Kano tannery into a Nigerian conglomerate with 11,000 workers spanning leather, food, care products and beverages. Source

The curious case of Prateek Suri, the billionaire Africa cannot seem to verify (with rahim7867)

Prateek Suri claims a $5 billion acquisition made him Africa's richest Indian. The acquirer changes names depending on which publication you read, and his products are nearly impossible to find in African retail. Source

WHO releases emergency funds as Ebola response scales in DRC, Uganda (with rahim7867)

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“So far, 101 cases have been confirmed in DRC with 10 confirmed deaths. In Uganda, five cases and one death have been confirmed, linked to cross-border movement,” he said. The post WHO releases emergency funds as Ebola response scales in DRC, Uganda appeared first on Premium Times Nigeria . Source

Between Tinubu’s kindness and Fayemi’s betrayal, By Olabode Opeseitan (with rahim7867)

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For those who lived through his tenure as Ekiti State governor, the cognitive dissonance was almost physically painful. His administration operated less like a democracy and more like a well-run fiefdom. Candidate lists for elective offices were drawn from the governor’s office, with the quiet efficiency of a procurement exercise. Loyal party men and women […] The post Between Tinubu’s kindness and Fayemi’s betrayal, By Olabode Opeseitan appeared first on Premium Times Nigeria . Source

Kayode Fayemi: The misunderstood intellectual and strategic force in Nigerian politics, By Olusegun D Lawal (with rahim7867)

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Perhaps because Fayemi is calm, reflective, intellectual, and measured, many people misunderstand his personality and political style. In an environment where loudness is often mistaken for strength, his restraint is sometimes wrongly interpreted as weakness or indecision. Yet beneath that composed personality lies one of the most experienced, sophisticated, resilient, and internationally connected political actors […] The post Kayode Fayemi: The misunderstood intellectual and strategic force in Nigerian politics, By Olusegun D Lawal appeared first on Premium Times Nigeria . Source

Aigboje Aig-Imoukhuede headlines civil service summit as foundation returns as diamond partner (with rahim7867)

Access Holdings chairman Aigboje Aig-Imoukhuede has delivered the keynote at Nigeria's 2026 International Civil Service Conference as his Foundation returned as Diamond Partner. Source

Standard Bank overtakes Capitec and FirstRand to become Africa's most valuable bank at R517 billion (with rahim7867)

Standard Bank closed Friday at a market cap of R517 billion, overtaking both Capitec and FirstRand to become Africa's most valuable bank on the JSE. Source

Canal Plus, controlled by French billionaire Vincent Bollore, lists on the JSE on June 3 (with rahim7867)

Canal Plus will list on the Johannesburg Stock Exchange on June 3 as it battles declining DStv subscribers, with MultiChoice revenue falling 6% in Q1 2026. Source

Kingsley Chinda: Parliament’s opposition leader serving as ruling party’s gubernatorial candidate (with rahim7867)

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The recent emergence of House Minority Leader Kingsley Chinda as the APC governorship candidate in Rivers State caused shocking waves in the political circles. The post Kingsley Chinda: Parliament’s opposition leader serving as ruling party’s gubernatorial candidate appeared first on Premium Times Nigeria . Source

Zamfara 2027: Despite daunting odds, opposition parties hopeful (with rahim7867)

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Since Governor Lawal left the PDP, the party has been trying to rebound as NDC pushes for relevance. The post Zamfara 2027: Despite daunting odds, opposition parties hopeful appeared first on Premium Times Nigeria . Source

BUK loses mass communication lecturer (with rahim7867)

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Mr Labaran passed away in Kano in the early hours of Monday following a brief illness, as confirmed to PREMIUM TIMES by his colleague, Ibrahim Siraj. The post BUK loses mass communication lecturer appeared first on Premium Times Nigeria . Source

Niger ADC endorses Atiku for 2027 presidential election (with rahim7867)

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Niger ADC says Atiku’s endorsement was based on his “distinguished record of public service,” his role in defending democracy, and what it described as his broad national acceptance The post Niger ADC endorses Atiku for 2027 presidential election appeared first on Premium Times Nigeria . Source

S&P upgrades Nigeria's credit rating and names Dangote Refinery as a key reason why (with rahim7867)

S&P upgraded Nigeria's sovereign credit rating to B from B-, specifically naming the Dangote Refinery's ramp-up to near full capacity as a key driver of the country's improving economic outlook. Source

African Wealth Briefing — Mon., May 25, 2026 (with rahim7867)

Aliko Dangote's refinery exports gain momentum as regional demand surges; James Mwangi accelerates Equity Group's expansion into Central Africa; Strive Masiyiwa invests in African satellite and connectivity infrastructure. Source

Executive Insight: Othman Benjelloun and the Moroccan Banking Complex (with rahim7867)

Othman Benjelloun has surfaced in Billionaires.Africa coverage five times in two weeks. A 93-year-old engineer from Fez built one of Africa's most geographically distributed banking networks. What the May visibility represents. Source

Don Jazzy begins search for wife in Uganda, Tanzania (with rahim7867)

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Don Jazzy has opened up about his evolving love life, joking that his search for a life partner may now extend beyond Nigeria. The post Don Jazzy begins search for wife in Uganda, Tanzania appeared first on Premium Times Nigeria . Source

Gates Foundation commits $15 million to support Ebola response in DRC, Uganda (with rahim7867)

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According to the statement, $5 million will go to Africa CDC for regional coordination, rapid deployment and cross-border surveillance, while another $5 million will support frontline operations through WHO’s African regional office (WHO AFRO) The post Gates Foundation commits $15 million to support Ebola response in DRC, Uganda appeared first on Premium Times Nigeria . Source

JUST IN: Rangers crowned NPFL champions after decisive win over Ikorodu City (with rahim7867)

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The victory in Lagos confirmed Rangers as NPFL champions for the ninth time in the club’s history The post JUST IN: Rangers crowned NPFL champions after decisive win over Ikorodu City appeared first on Premium Times Nigeria . Source

African Wealth Briefing — Sun., May 24, 2026 (with rahim7867)

Aliko Dangote says Africa's next industrial revolution must be powered by local capital; James Mwangi targets Francophone Africa in Equity Group's next expansion phase; Strive Masiyiwa backs major African data-center expansion. Source

South African tycoon Tokyo Sexwale says the ANC presidency is dangerous and he does not want the job (with rahim7867)

South African mining billionaire Tokyo Sexwale says running for ANC president is dangerous and he does not want the role, backing Paul Mashatile to succeed Cyril Ramaphosa instead. Source

Moroccan billionaire Moulay Hafid Elalamy acquires majority stake in Sweden's Arktika Capital, a debt portfolio specialist (with rahim7867)

Moroccan billionaire Moulay Hafid Elalamy has acquired a majority stake in Arktika Capital AB, a Swedish licensed credit institution that buys and manages non-performing loan portfolios across Europe. Source

SpaceX IPO will make Elon Musk a trillionaire and mint at least four new billionaires from his inner circle (with rahim7867)

SpaceX filed for a $2 trillion IPO that will make Elon Musk the world's first trillionaire and turn at least four of his close allies into billionaires. Source

Tanzania eyes takeover of billionaire Mohammed Dewji's idle Mbeya tea estates (with rahim7867)

Tanzania's government told parliament it is negotiating a takeover of over 2,000 idle hectares of Mo Dewji's MeTL tea estates in Mbeya to restart production and protect farmers. Source

Gombe APC delivers every vote to Tinubu in presidential primary (with rahim7867)

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Governor Muhammadu Yahaya announced the outcome after the collation of results from the 11 local government areas of the state The post Gombe APC delivers every vote to Tinubu in presidential primary appeared first on Premium Times Nigeria . Source

INTERVIEW: Why Rangers are avoiding title talk before final-day NPFL showdown — Fidelis Ilechukwu (with rahim7867)

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Rangers International Coach Fidelis Ilechukwu sat down with PREMIUM TIMES to discuss pressure, preparation, mentality, Rivers United’s challenge and what another league title would mean for the Flying Antelopes from Enugu The post INTERVIEW: Why Rangers are avoiding title talk before final-day NPFL showdown — Fidelis Ilechukwu appeared first on Premium Times Nigeria . Source

Semi Ajayi returns to Premier League as Hull City seal dramatic promotion (with rahim7867)

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Ajayi now becomes the second Super Eagles player to secure Premier League promotion this season after Frank Onyeka achieved the feat with Coventry City. The post Semi Ajayi returns to Premier League as Hull City seal dramatic promotion appeared first on Premium Times Nigeria . Source

Moroccan billionaire Anas Sefrioui discusses $46 million CIMAF cement expansion plan with Gabon's president (with rahim7867)

Anas Sefrioui's CIMAF presented a CFA26 billion expansion plan to Gabon's president on May 20, targeting a third cement line and expanded clinker production at the Owendo factory. Source

Ugandan tycoon and MTN's largest individual shareholder Charles Mbire says the telecom giant is open to partnering with Starlink (with rahim7867)

MTN Uganda chairman Charles Mbire said the company is open to a Starlink partnership after Uganda formally licensed the satellite internet provider on May 15. Source

African Wealth Briefing — Sat., May 23, 2026 (with rahim7867)

Aliko Dangote's $20 billion refinery nears full capacity as fuel exports begin; Peter Munga increases his financial services stake as banking competition intensifies; Strive Masiyiwa backs new African AI and digital infrastructure fund. Source

Silicon valley oligarchs as doomsday preppers?, By Osmund Agbo (with rahim7867)

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Mark Zuckerberg, the billionaire founder of Facebook and the sixth richest man in the world, according to Forbes, is not known for throwing money around frivolously. In fact, his favourite everyday outfit is a simple T-shirt paired with jeans, both of which an average Walmart shopper could easily access. But in this one project, however, […] The post Silicon valley oligarchs as doomsday preppers?, By Osmund Agbo appeared first on Premium Times Nigeria . Source

We’ve completed 414 road projects in three years — Otti (with rahim7867)

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“We can confidently say that we have restored the pride of our people,” the governor said. The post We’ve completed 414 road projects in three years — Otti appeared first on Premium Times Nigeria . Source

Senegal’s President sacks PM, dissolves government after months of tension (with rahim7867)

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Mr Sonko believed that President Faye was drifting away from the party’s original agenda and had previously threatened to pull PASTEF out of government and return to the opposition. The post Senegal’s President sacks PM, dissolves government after months of tension appeared first on Premium Times Nigeria . Source

INEC yet to receive judgement nullifying key election schedules – Official (with rahim7867)

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"We all read about the judgement yesterday and are yet to receive the Certified True Copy of it. Until we do and deliberate on it, I can't comment on it." The post INEC yet to receive judgement nullifying key election schedules – Official appeared first on Premium Times Nigeria . Source

Minister expresses satisfaction with Igbo-Eze South’s support for Mbah’s reelection bid (with rahim7867)

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While visiting Igbo-Eze South on Thursday as an observer during the APC governorship primaries, Minster Udeh, a Senior Advocate of Nigeria, described the massive turnout and resounding endorsement of the governor as a clear reflection of the people’s appreciation for the transformational leadership across Enugu State. The post Minister expresses satisfaction with Igbo-Eze South’s support for Mbah’s reelection bid appeared first on Premium Times Nigeria . Source

2027: Igbo-Eze South chairman salutes Gov Mbah on securing APC ticket (with rahim7867)

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Mr Ukwueze, in a statement he issued on Friday, described Mr Mbah’s victory as “historic.” The post 2027: Igbo-Eze South chairman salutes Gov Mbah on securing APC ticket appeared first on Premium Times Nigeria . Source

Sue Nabi studied water engineering in Algeria and ended up running a $6 billion global beauty empire (with rahim7867)

Sue Nabi studied water engineering in Algeria, joined L'Oréal as a sales rep and spent three decades building one of global beauty's most remarkable careers Source

Elon Musk lost his $134 billion case against OpenAI in under two hours. He says he is going to appeal (with rahim7867)

A California jury dismissed Elon Musk's $134 billion lawsuit against OpenAI and Sam Altman in under two hours on May 18, finding his claims barred by the statute of limitations, clearing the way for OpenAI's planned IPO. Source

Billionaire Abdul Samad Rabiu says BUA Cement prices will fall as naira stability eases costs (with rahim7867)

BUA Cement chairman Abdul Samad Rabiu told shareholders cement prices will fall as naira stability eases costs, after the company posted a record 2025 profit. Source

Court orders company to drop ‘Naira’ from its name (with rahim7867)

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The judge agreed with the CBN and other defendants' arguments that though the company had been incorporated since 2004, it had a misleading name. The post Court orders company to drop ‘Naira’ from its name appeared first on Premium Times Nigeria . Source

APC affirms Gov Namadi as consensus Jigawa governorship candidate (with rahim7867)

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The affirmation took place on Saturday at the Dutse Township Stadium during a large gathering attended by party leaders, elders, stakeholders, elected officials, and APC supporters drawn from the 27 local government areas of the state. The post APC affirms Gov Namadi as consensus Jigawa governorship candidate appeared first on Premium Times Nigeria . Source

Alia defeats challengers Orbunde and Kuraun in Benue APC governorship primary (with rahim7867)

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The outcome further consolidates the governor’s hold on the Benue APC following recent victories by his allies in the senatorial and House of Representatives primaries. The post Alia defeats challengers Orbunde and Kuraun in Benue APC governorship primary appeared first on Premium Times Nigeria . Source

Executive Insight: James Mwangi’s Lobito Corridor Bet and the Next Phase of Pan-African Banking Consolidation (with rahim7867)

James Mwangi just announced Equity Group's expansion into Angola, Zambia and Mozambique along the Lobito Corridor — the most ambitious single banking expansion announcement of 2026. Source

The Inside Story: What Dangote, Motsepe, Masiyiwa, Rabiu, Kagame and the Others Are Now Saying in Coordination, and What Foreign Investors Should Read Into It (with rahim7867)

Seven African industrial principals — Dangote, Motsepe, Masiyiwa, Rabiu, Kagame, Tinubu, Nahdi — have converged on one coordinated policy framework over six days. What foreign investors should read into it. Source

African Wealth Briefing — Fri., May 22, 2026 (with rahim7867)

Aliko Dangote says his refinery will end Africa's dependence on imported fuel; James Mwangi accelerates Equity Group's regional expansion with new banking licenses; Patrice Motsepe pushes deeper into renewable energy. Source

APC Primaries: Kogi senator declares self winner (with rahim7867)

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Isah Jibrin, the senator representing Kogi East, insisted that he remains the rightful candidate of the party for the district. The post APC Primaries: Kogi senator declares self winner appeared first on Premium Times Nigeria . Source

Lagos Archery Schools Programme gains momentum across six communities (with rahim7867)

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The Lagos State Archery in Schools programme has reached more than 500 students and about 80 sports masters across six Lagos communities. The post Lagos Archery Schools Programme gains momentum across six communities appeared first on Premium Times Nigeria . Source

2027: APC awards Kano, Jigawa governors reelection tickets (with rahim7867)

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The APC held governorship primaries nationwide on Thursday, The post 2027: APC awards Kano, Jigawa governors reelection tickets appeared first on Premium Times Nigeria . Source

Nigerian energy tycoon Olakunle Williams’ Tetracore signs UK tech deal for 5,000 BPD gas-to-liquids plant in Ogun (with rahim7867)

Tetracore GTL has signed a technology agreement with UK-based Velocys to develop a 5,000 BPD gas-to-liquids plant in Atakabo, Ogun State, Nigeria. Source

Nigerian oil billionaire Igho Sanomi turns 51 with a standout philanthropy record (with rahim7867)

Nigerian oil billionaire Igho Sanomi turns 51 with a philanthropy record spanning hospital wards, flood zones and cancer research labs on two continents. Source

South African multimillionaire Nkululeko Sowazi named as new Investec Bank chair (with rahim7867)

South African investment veteran Nkululeko Sowazi has been appointed to Investec's board and will become chair of Investec Bank Limited from August 6, 2026. Source

“My children don’t deserve this burden; I’m deeply saddened” — Frank Edoho breaks silence (with rahim7867)

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He denied domestic violence and infidelity allegations levelled against him by his ex-wife, saying the matter is now before the courts. The post “My children don’t deserve this burden; I’m deeply saddened” — Frank Edoho breaks silence appeared first on Premium Times Nigeria . Source

Defection as Survival: Court-sacked lawmaker explains why he joined APC (with rahim7867)

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Mr Bagos recently won the APC primary election for Jos South/Jos East, defeating the incumbent lawmaker. The post Defection as Survival: Court-sacked lawmaker explains why he joined APC appeared first on Premium Times Nigeria . Source

“Gunners for Life” — Kwam 1 celebrates Arsenal’s EPL victory with new song (with rahim7867)

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The special anthem praises Bukayo Saka, Eberechi Eze, Noni Madueke and Ethan Nwaneri for their contributions to the club’s historic season. The post “Gunners for Life” — Kwam 1 celebrates Arsenal’s EPL victory with new song appeared first on Premium Times Nigeria . Source

African Wealth Briefing — Wed., May 20, 2026 (with rahim7867)

James Mwangi eyes Equity Group bank acquisitions along the Lobito Corridor; Japan's Asahi clears regulators for the $2.3 billion EABL takeover with mandatory minority offer exemption; Wale Tinubu and Edha Nahdi call for Africa to fund its own future. Source

Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery (with rahim7867)

Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday. Source

African Wealth Briefing — Thurs., May 21, 2026 (with rahim7867)

Aliko Dangote says Africa's industrial future depends on fixing electricity first; Patrice Motsepe calls for more local mineral processing; Strive Masiyiwa says Africa must build global companies from home. Source

Ghana wants 30% of every gold ounce, and Kenneth Ashigbey isn't ready to sign

Table of Contents Kenneth Ashigbey isn't ready to sign. The chief executive officer of the Ghana Chamber of Mines told Reuters this week that negotiations over the central bank's push to raise its compulsory gold offtake from 20% to 30% of annual output remain unresolved, with pricing and discount terms still on the table. Ghana, Africa's biggest gold producer, launched the bullion purchase program in 2022 to rebuild foreign reserves after the country's worst macroeconomic crisis in a generation. The government revamped the program in February, with a goal of accumulating 157 metric tons of gold by 2028, equivalent to 15 months of import cover. Paul Bleboo, head of the Bank of Ghana's Gold Management Program, told Reuters on Thursday that the central bank intends to negotiate for 30% of industrial mining output going forward, all of it delivered in doré form to give the state full traceability over volumes and refining margins. State gold trader GoldBod wil...

Lawal sets up committee for 3rd anniversary of ‘Rescue Administration’

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Governor Abiodun wins Ogun East APC senatorial ticket May 18, 2026

How tycoon William Tewiah built a $420 million energy empire in Ghana with no oil experience and one contract

Table of Contents William Tewiah is not the kind of man who shows up in a sector with connections and capital and a family name that opens doors. He showed up with none of those things. No background in oil and gas. No network in Ghana's downstream petroleum industry. No university degree. What he had was 20 years of financial discipline earned in London's banking world, a clear-eyed question about why Ghanaian companies were not serving Ghana's own mining sector, and enough stubbornness to drive 300 kilometers each way to prove that they could. Today ZEN Petroleum Holdings PLC, the company he founded in 2010 with a single mining contract worth half of Gold Fields' fuel supply needs, is listed on the Ghana Stock Exchange with a total market capitalisation of GHS 4.83 billion. It employs over 1,400 people, operates more than 63 retail service stations across Ghana, supplies nearly half of all fuel consumed by the country's major mining companies, distributes...

Tycoon William Tewiah's $338 million ZEN Petroleum stake makes him the richest stockholder on the Ghana Stock Exchange

Table of Contents William Tewiah has become the richest individual stockholder in the history of the Ghana Stock Exchange. His 80% stake in ZEN Petroleum Holdings PLC, the indigenous downstream energy group he founded in 2010 and listed on the exchange in April 2026, is currently worth GHS 3,865,600,000, approximately USD 338.1 million at the prevailing exchange rate of GHS 11.44 to the dollar. No single individual investor has ever sat on a disclosed listed equity position of that size on the Ghana bourse. The valuation is based on ZEN Petroleum's current share price of GHS 7.55 on the Ghana Stock Exchange, where the stock trades under the ticker ZEN. Tewiah holds 512,000,000 shares in the company. The stock listed at GHS 5.00 per share in April and has since appreciated nearly 51%, a gain that has added hundreds of millions of cedis to the value of his position in a matter of weeks. At current prices, ZEN Petroleum is the 11th most valuable stock on the exchange, with a ...

Ghana wants 30% of every gold ounce, and Kenneth Ashigbey isn't ready to sign

Table of Contents Kenneth Ashigbey isn't ready to sign. The chief executive officer of the Ghana Chamber of Mines told Reuters this week that negotiations over the central bank's push to raise its compulsory gold offtake from 20% to 30% of annual output remain unresolved, with pricing and discount terms still on the table. Ghana, Africa's biggest gold producer, launched the bullion purchase program in 2022 to rebuild foreign reserves after the country's worst macroeconomic crisis in a generation. The government revamped the program in February, with a goal of accumulating 157 metric tons of gold by 2028, equivalent to 15 months of import cover. Paul Bleboo, head of the Bank of Ghana's Gold Management Program, told Reuters on Thursday that the central bank intends to negotiate for 30% of industrial mining output going forward, all of it delivered in doré form to give the state full traceability over volumes and refining margins. State gold trader GoldBod wil...

Iheanacho wins Scottish Premiership after Celtic’s late comeback heroics (with rahim7867)

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Iheanacho was introduced at half-time for Sebastian Tounekti as Celtic fought back from the brink of losing the league crown The post Iheanacho wins Scottish Premiership after Celtic’s late comeback heroics appeared first on Premium Times Nigeria . Source

Awoniyi honoured by Nottingham Forest after 100th appearance (with rahim7867)

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The recognition comes during a crucial period for Forest as they continue battling to secure their Premier League status under manager Vítor Pereira The post Awoniyi honoured by Nottingham Forest after 100th appearance appeared first on Premium Times Nigeria . Source

APC disqualifies Fubara’s loyalists, others from Reps primaries (with rahim7867)

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The party did not publicly state specific reasons for the disqualifications The post APC disqualifies Fubara’s loyalists, others from Reps primaries appeared first on Premium Times Nigeria . Source

Court sets May 25 to rule on Tunde Ayeni bail application in $11.3 million fraud case (with rahim7867)

An Abuja court fixed May 25 to rule on Tunde Ayeni's bail application, with the EFCC opposing his release and five SANs arguing for constitutional presumption of innocence. Source

South African tycoon Robert Gumede takes on Transnet in rail tender court fight (with rahim7867)

Businessman Robert Gumede has launched a court challenge against Transnet over a rail tender accused of favouring foreign suppliers. Source

African Wealth Briefing — Sat., May 16, 2026 (with rahim7867)

Abdul Samad Rabiu wins CEO of the Year at the Africa CEO Forum and tells African leaders to get serious; Appolinaire Compaoré dies at 73; long-form profiles of Shingi Mutasa and Zandré Campos; LVMH explores $2 billion Fenty Beauty exit. Source

Senate increases, passes FCT 2026 budget (with rahim7867)

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The budget passed by the Senate was not accompanied by details of its revenue sources, prompting some lawmakers to raise concerns during debate on the report of the committee that considered it. The post Senate increases, passes FCT 2026 budget appeared first on Premium Times Nigeria . Source

N80.2bn Fraud Trial: Witness tells court how ex-Governor Yahaya Bello’s nephew paid for Abuja property (with rahim7867)

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The witness testified in the ongoing N80.2 billion money laundering trial of former Kogi State Governor, Yahaya Bello, at the Federal High Court in Abuja. The post N80.2bn Fraud Trial: Witness tells court how ex-Governor Yahaya Bello’s nephew paid for Abuja property appeared first on Premium Times Nigeria . Source