₦airaland Forum

SpaceX, under the visionary leadership of Elon Musk, is on the verge of achieving a remarkable milestone in the world of startups. With its valuation inching closer to a staggering $180 billion, SpaceX is set to offer insider shares at $97 each in a tender offer, according to reports from reliable sources like Bloomberg.

Read more details here, >>>
https://businesselitesafrica.com/2023/12/13/whats-happening-with-spacex-almost-180-billion-net-worth-as-world-2nd-top-startup/

Herbert Wigwe, one of Nigeria’s most influential banking executives and the group managing director of Access Holdings recently achieved a remarkable feat in the world of finance. Over the past 26 days, the market value of Wigwe’s stake in Access Holdings experienced a substantial upswing, adding a staggering N10.18 billion ($12.89 million) to his already impressive portfolio.

Read more details >>> https://businesselitesafrica.com/2023/12/13/how-nigerian-banking-prodigy-herbert-wigwe-scored-a-12-million-win-with-access-bank-shares/

In a challenging economic climate, the National Population Commission (NPC) is resolute in its pursuit of N693.3 million for the postponed 2024 national population and housing census. This budget request marks a significant increase compared to the N10.52 million allocated for the same purpose in the 2023 budget.

Read more details here>>https://businesselitesafrica.com/2023/12/12/amid-economic-strain-npc-insists-on-n693-3m-for-2024-delayed-census/

During a political event in Borno state, then-Senator Bola Tinubu pledged to rejuvenate Lake Chad if he won the election.
President Bola Tinubu has now made a strong call for help from around the world to fix Lake Chad, which is running out of water. With concerns that African countries, like Nigeria, are facing big problems because of climate change.

Read more>>> https://businesselitesafrica.com/2023/12/12/can-tinubu-take-on-the-multi-billion-dollar-lake-chad-restoration-project/

The CAF award is a historic win for Nigeria

Victor Osimhen’s triumph at the Confederation of African Football (CAF) Awards is a historic moment for Nigerian football. He is the first Nigerian to win this prestigious award since Nwankwo Kanu in 1999. This 24-year gap highlights the significance of Osimhen’s achievement in bringing the accolade back to Nigeria, underlining the country’s resurgence in the football world.

Read more details here, https://businesselitesafrica.com/2023/12/12/five-things-about-victor-osimhen-winning-the-caf-award-after-24-years/

In a significant move that has sent shockwaves through the pharmaceutical industry in Africa, GlaxoSmithKline (GSK), a British multinational pharmaceutical company, has decided to quit Kenya, just four months after it departed from Africa’s largest economy, Nigeria.

Read more details here, https://businesselitesafrica.com/2023/12/11/gsk-quits-kenya-following-nigerias-exit-after-4-months/

Starting a business to pass it on to generations is an admirable and strategic undertaking. Not only does it create a legacy, but it also provides a foundation for long-term financial security for your family. The idea of building a business that not only serves current needs but also stands the test of time to benefit future generations is a unique blend of ambition, foresight, and dedication.


Read more details here, https://businesselitesafrica.com/2023/12/11/how-to-create-a-business-legacy-that-can-be-passed-down-through-generations/

Geregu Power Plc, under the astute leadership of Femi Otedola, is gearing up to generate an estimated N31.24 billion ($39.56 million) in revenue during the first quarter of 2024. This ambitious financial forecast, revealed in the company’s recently published earnings forecast, marks a substantial leap from the N14.23 billion ($18 million) earned in the same period of 2023.

Read more details here, https://businesselitesafrica.com/2023/12/11/how-femi-otedolas-power-company-aims-to-generate-39-56-million-in-revenue-q1-of-2024/

AfCFTA Forecasts Intra-African Trade to Surpass $70 Billion

During the 2023 Regional Integration Issues Forum held in Accra, Ghana, Silver Ojakol, the Chief of Staff of the AfCFTA Secretariat, highlighted the prospect of intra-African trade within the Africa Continental Free Trade Area (AfCFTA) surpassing $70 billion, thus outstripping the level of development assistance.

Read more here, https://businesselitesafrica.com/2023/10/06/afcfta-forecasts-intra-african-trade-to-surpass-70-billion/

How Oprah Winfrey, the World's Wealthiest Black Woman, Gained $300 Million in 5 Days 

Solidifying her status as the wealthiest Black woman on the planet, Oprah Winfrey has experienced a remarkable upswing in her financial worth within the past five days, fueled by the recent uptick in the value of her diverse investment portfolio.

Continue reading here, https://businesselitesafrica.com/2023/10/06/how-oprah-winfrey-the-worlds-wealthiest-black-woman-gained-300-million-in-5-days/

10 Simple Tips for Writing a Great Business Plan

Whether you’re launching a startup, seeking investors, or steering an existing business toward new horizons, a well-structured business plan is your compass. Writing a winning business plan is like setting the sails of a ship before embarking on a journey, it is the blueprint that navigates your entrepreneurial course.

Continue reading, https://businesselitesafrica.com/2023/10/04/10-simple-tips-for-writing-a-great-business-plan/

The Black Book Achieves Remarkable Milestone with 17 Million Views, Dominating in 69 Countries

The action-packed Nollywood thriller, “The Black Book,” directed by Editi Effiong, has achieved a remarkable milestone, accumulating a staggering 17 million views and securing a position in the top ten Netflix movies in 69 countries. Since its release on September 22, 2023, it has garnered widespread acclaim.

Continue reading here, https://businesselitesafrica.com/2023/10/04/the-black-book-achieves-remarkable-milestone-with-17-million-views-dominating-in-69-countries/

Benue Governor Slams Dunamis Church Over Collapsed Building, Death Of Resident Pastor

Governor Hyacinth Alia of Benue State has criticized the leadership of the Dunamis International Gospel Centre regarding the tragic collapse of their church building in Makurdi, which resulted in the death of the resident pastor, Ahmed Sunday.


Read more details here, https://businesselitesafrica.com/2023/10/04/benue-governor-slams-dunamis-church-over-collapsed-building-death-of-resident-pastor/

For many regions across the globe, including Africa, high internet prices have long posed a formidable barrier to accessing the digital realm. However, a glimmer of hope emerges as some African countries lead the way in making the internet more accessible to their citizens by providing affordable data plans.

Read more details here, https://businesselitesafrica.com/2023/10/03/cheapest-internet-prices-in-africa-for-2023-revealed/

On Monday, the Nigerian Air Force announced that it successfully eliminated numerous terrorists belonging to Boko Haram and the Islamic State of West Africa Province (ISWAP) through airstrikes conducted on the outskirts of Lake Chad in the Borno State.

Read more details here, https://businesselitesafrica.com/2023/10/03/nigerian-air-force-executes-precision-airstrikes-decimating-lake-chad-terrorist-faction/

Abdel-Fattah El-Sisi, president of Egypt has officially announced his candidacy for another term in the upcoming December elections, where he is widely anticipated to secure victory. This decision comes at a critical time for the nation, as it grapples with its most severe economic crisis in years.

Read more details here, https://businesselitesafrica.com/2023/10/03/president-sisi-announces-re-election-bid-amidst-deepening-economic-crisis-in-egypt/

Space Exploration Technologies Corp., led by billionaire Elon Musk, is poised to form a partnership with e-commerce firm Jumia Technologies AG to expand its satellite broadband services across Africa. Jumia, which boasts investors like Pernod Ricard SA and Goldman Sachs Group Inc., will kick off the sale of satellite terminals of Starlink and associated equipment in specific African nations.

Read more details here, https://businesselitesafrica.com/2023/10/03/elon-musks-starlink-joins-forces-with-jumia-for-rapid-internet-expansion-in-africa/

Several Nigerian soldiers from the 154 Taskforce Battalion of the Nigerian Army, who are on deployment to combat terrorists in the Northeast region of the country, have expressed their dissatisfaction with the quality of their meals. Despite an increase in the allocated funds for their food allowances, they are receiving inadequately cooked rice.

Read more details here, https://businesselitesafrica.com/2023/10/03/nigerian-soldiers-share-photos-of-burnt-rice-and-inadequate-meals-despite-increased-allowance/

Nigeria's two main worker groups, the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), have announced a non-stop strike beginning October 3. They want the national government to solve severe problems and difficulties in the country caused by removing fuel subsidies.

Read more here, https://businesselitesafrica.com/2023/09/27/celebrating-googles-25th-birthday-tracing-the-evolution-from-idea-to-billion-dollar-giant/

Many companies around the world are letting their workers do their jobs from home. African companies are doing this too, going remote. They are changing the way they work by using computers and the Internet, and it’s helping them do their jobs better. This is really important because it shows that companies in Africa are able to adapt and try new things to keep up with the rest of the world.

Continue reading, https://businesselitesafrica.com/2023/09/26/7-african-companies-have-fully-gone-remote/

Perez Medcare Hospital, the medical facility where the deceased Nigerian musician Ilerioluwa Oladimeji Aloba, professionally known as Mohbad, was reportedly taken to before his passing, has stated that he was already dead upon arrival.

Continue reading here, https://businesselitesafrica.com/2023/09/26/mohbad-was-dead-on-arrival-says-lagos-hospital/

Under the leadership of President Bola Ahmed Tinubu, the Nigerian government has assigned the task of constructing the Lagos-Calabar Coastal Highway to Hitech Road Construction Company. This company is a subsidiary of Hitech Construction Company, a construction conglomerate owned by Gilbert Chagoury, a billionaire of Nigerian-Lebanese descent.

Continue reading here, https://businesselitesafrica.com/2023/09/25/president-tinubu-of-nigeria-grants-highway-contract-to-billionaire-associated-with-sani-abacha/

Tigst Assefa, Ethiopian long-distance runner broke the women’s marathon world record in Berlin this past Sunday. She slashed over two minutes from the prior record to finish with an official time of two hours, 11 minutes, and 53 seconds.

Continue reading here, https://businesselitesafrica.com/2023/09/25/ethiopias-tigst-assefa-makes-history-setting-a-new-womens-marathon-world-record-in-berlin/

With the 21-day ultimatum set by the organized labour drawing to a close, the Federal Government appears unfazed by the looming prospect of an economic standstill if the strike holds. The recent deadlock in Monday's negotiations has further entrenched the divide between the two parties, particularly on the contentious issue of removing the petrol subsidy.

Continue reading here, https://businesselitesafrica.com/2023/09/21/labour-prepares-for-strike-action-as-ultimatum-nears-its-close-while-nigerias-fg-stands-firm/

The efficacy of a government often hinges on the strength and capability of the people within the leader's inner network. Under President Bola Tinubu’s government consists of trusted allies, seasoned politicians, and technocrats who not only bring expertise to their respective domains but also wield considerable influence within the broader governance structure.

Read more details here, https://businesselitesafrica.com/2023/09/20/5-most-powerful-players-in-bola-tinubus-government/

Africa is home to some of the world’s most unique and mysterious forests, each with its unique set of challenges and opportunities. While these African forests are often portrayed as dangerous due to factors such as wildlife, challenging terrain, or even socio-political issues, they are also brimming with untapped economic potential.

Read more details, https://businesselitesafrica.com/2023/09/20/10-most-dangerous-african-forests-breaming-with-economic-potential/

Following the recent military coup that ousted President Ali Bongo, Gabon has been partially excluded from the Commonwealth. The decision came after a meeting of Commonwealth foreign ministers, which took place alongside the United Nations General Assembly.

Read more details here, https://www.reddit.com/user/Biggdammy/comments/16nh21c/gabon_faces_partial_exclusion_from_commonwealth/

Less than a fortnight after the Presidential Election Petition Tribunal (PEPT) confirmed Bola Tinubu’s triumph in the February 25, 2023 elections, Atiku Abubakar and Peter Obi, the presidential candidates from the Peoples Democratic Party and Labour Party respectively, have mounted an exhaustive 86-ground appeal at the Supreme Court. The aim is to overturn what they describe as an “erroneous” verdict that affirmed Tinubu’s election.

Read more details here, https://businesselitesafrica.com/2023/09/20/atiku-and-obi-challenge-tinubus-victory-with-extensive-86-ground-appeals-at-supreme-court/

Aderoju Mathew, popularly known as Dj Splash who previously worked closely with Naira Marley, has rapidly gained attention online after he revealed some jaw-dropping claims about the workings of Marlian Records. The revelations came during an intimate conversation with actress Iyabo Ojo, who visited DJ Splash at his home.

Read more details here, https://businesselitesafrica.com/2023/09/20/dj-splash-drops-bombshell-information-on-marlian-records/

How safe are you when exploring the diverse landscapes and bustling cities across Africa? This vast continent offers a wealth of experiences, from vibrant cultures to natural wonders. However, it's crucial to consider the varying crime rates in African cities when planning a visit or even a move. 

It is important to understand the root causes of crime in Africa, whether it's poverty, lack of education, poor governance, or other factors, is key to developing effective safety strategies. So, how do these African cities compare to each other and to global standards in terms of crime rates?

Read more details, https://businesselitesafrica.com/2023/09/19/how-safe-are-you-exploring-the-10-african-cities-with-the-highest-crime-rates-their-global-standings/

In just 17 days, Nigerian businessman Wale Tinubu has seen the market value of his stake in Oando Plc surge by more than $40 million on the Nigerian Exchange (NGX) as investors continue to mop up Oando shares on the Nigerian Exchange.

Read more details, https://businesselitesafrica.com/2023/09/19/wale-tinubu-profits-40-million-from-oando-shares/

The BBNaija All Stars announced the names of four housemates who have secured their spots in next week's grand finale. The list includes some of the show's most iconic personalities, setting the stage for what promises to be a captivating conclusion to this special season.

Read more details here, https://businesselitesafrica.com/2023/09/19/four-housemates-secure-finalist-spots-in-bbnaija-all-stars-biggie-announces/