₦airaland Forum

Ahead of the United Nations General Assembly in New York, Nigerian President Bola Tinubu engaged in a comprehensive bilateral discussion with South African President Cyril Ramaphosa. The dialogue focused on harnessing the mutual strengths of both nations, particularly encouraging South African companies to invest in Nigeria's burgeoning solid minerals sector.

Read more details here, https://businesselitesafrica.com/2023/09/19/tinubu-calls-on-south-african-companies-to-invest-in-nigerias-solid-mineral-sector/

Benin City was the epicenter of escalating political tension yesterday, as Godwin Obaseki, Edo State Governor barred his deputy, Philip Shaibu, from entering the Government House. The move caught the deputy governor and his aides off guard, signaling a deepening rift between the two leaders.

Read more details here, https://businesselitesafrica.com/2023/09/19/governor-obaseki-restricts-deputy-shaibu-from-entering-government-house/

Jim Ovia, a towering figure in the African financial arena, is not only Nigeria’s wealthiest banker but also a pivotal player in the nation’s business landscape. As the founder and chairman of Zenith Bank PLC, Nigeria’s premier commercial bank, Jim Ovia’s impact on the African financial sector is undeniable.

Read more details here, https://businesselitesafrica.com/2023/09/15/jim-ovias-5-most-valuable-assets/

Pat Nebo, a distinguished Nigerian production designer and art director, passed away on Thursday, September 14, following a prolonged illness. His death was confirmed by Shaibu Husseini, a movie journalist and juror at the African Movie Academy Awards, who described Nebo as a “Master of the Craft of film production design.”

Read more details here, https://businesselitesafrica.com/2023/09/15/nollywood-mourns-as-renowned-production-designer-pat-nebo-passes-away/

President Bola Tinubu has appointed Zacch Adedeji as the interim head of the Federal Inland Revenue Services (FIRS), according to an official communication released on Thursday by Ajuri Ngelale, the Special Adviser on Media and Publicity to the President.

Read more details here https://businesselitesafrica.com/2023/09/15/tinubu-appoints-zacch-adedeji-as-acting-firs-boss/

Agriculture is an important economic sector in many African countries. It’s important to note that the types of crops that dominate the agricultural sector can vary significantly from one country to another. However, some crops like cash crops are widely grown across various regions and contribute significantly to the economies of multiple African countries.

Read more details here, https://businesselitesafrica.com/2023/09/14/top-5-cash-crops-dominating-africas-agricultural-sector/

Nigeria is once more experiencing a power outage after a collapse in the national grid, managed by the Transmission Company of Nigeria (TCN) based in Osogbo, Osun State. An investigation revealed that electrical output has dropped to a scant 273 megawatts, generated from only two of the country’s more than 27 power plants.

Read more details here https://businesselitesafrica.com/2023/09/14/nigeria-faces-nationwide-power-outage-following-another-grid-collapse/

A truck driver lost his life and his assistant was injured in a tragic fatal incident in Apapa, Lagos. Eyewitness Bode Olumuyiwa reported that the truck collided with a parked tipper on Wharf Road near the Area B Police Command while leaving Apapa. Olumuyiwa suspects brake failure caused the driver to lose control of the vehicle, leading to the devastating accident.

Read more details here, https://businesselitesafrica.com/2023/09/13/fatal-accident-on-lagos-bridge-motor-boy-killed-as-haulage-truck-capsizes/

Kayode Egbetokun, the inspector-general of police has been asked to look into claims of false arrests by the police. The Ogun State House of Assembly has leveled allegations against the police for purportedly colluding with individuals seizing land unlawfully in the region. During a recent Tuesday session, Speaker Olakunle Oluomo and other representatives discussed widespread incidents of land expropriation in various districts.


Read more details here https://businesselitesafrica.com/2023/09/13/ogun-assembly-accuses-police-of-colluding-with-land-grabbers-petitions-inspector-general/

Bola Tinubu, the President of Nigeria, is on his way back to his home country following successful meetings in the United Arab Emirates with President Mohamed bin Zayed Al Nayan on the visa ban issues. Before his UAE visit, he was in New Delhi participating in the G-20 Summit, where he engaged with world leaders on issues of bilateral trade.

Read more details https://businesselitesafrica.com/2023/09/12/president-tinubu-departs-uae-for-nigeria-after-resolving-visa-ban-issues/

President Bola Tinubu has mandated a thorough inquiry into the frequent occurrences of boat accidents across the nation. In light of two devastating boat tragedies in Adamawa and Niger states that resulted in numerous fatalities, the president’s spokesperson, Ajuri Ngelale, announced on Tuesday that maritime safety agencies have been directed to investigate the matter.


Read more details here https://businesselitesafrica.com/2023/09/12/president-tinubu-launches-probe-into-ongoing-maritime-accidents-in-niger-and-adamawa-states/

Elon Musk has redefined what it means to be an entrepreneur in the 21st century. As the world’s richest man and the CEO of SpaceX, he is more than just a business magnate, he is known for his audacious ambitions and his astonishing ability to disrupt traditional industries. Musk’s ventures have not only earned him unimaginable wealth but have also revolutionized industries and captured the global imagination.


Read more details here, https://businesselitesafrica.com/2023/09/12/the-worlds-richest-man-5-lessons-to-learn-from-elon-musk/

Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, announced that Nigeria is actively looking for avenues to enhance its trade and investment ties with India. She is also actively engaging with Indian business leaders already operating in Nigeria to further strengthen the relationship.

Read more details here https://businesselitesafrica.com/2023/09/12/nigeria-and-india-poised-for-trade-expansion-says-trade-minister/

Olufemi Hakeem Gbajabiamila has been a key player in the country’s legislative arena for over two decades. Starting his career as a distinguished lawyer, Femi Gbajabiamila shifted his focus to serve the people, first as a member of the House of Representatives and later as its Speaker. Known for his competence, leadership acumen, and track record of public service, he has recently been appointed as Chief of Staff to President Bola Tinubu.

Read more details here https://businesselitesafrica.com/2023/09/11/femi-gbajabiamila-5-things-to-know-about-tinubus-chief-of-staff/

Aishah Ahmad, Deputy Governor at the Central Bank of Nigeria (CBN), is a key figure in Nigeria’s financial landscape, responsible for promoting financial system stability. With over 22 years of experience in corporate finance, Ahmad’s portfolio is as impressive as it is extensive and she also serves as Chairman of the Financial Institutions Training Centre (FITC).

Read more details here https://businesselitesafrica.com/2023/09/11/whos-aishah-ahmed-the-deputy-gov-of-cbn-in-police-custody/

Nigeria’s economy has experienced a continuous downturn over the past few years, with little sign of improvement. The economy’s value has shrunk from $546 billion in 2015 to just $477 billion in 2022 according to a report.

Read more details here https://businesselitesafrica.com/2023/09/11/nigeria-grapples-with-solutions-amidst-contracting-economy/

Former Vice President Atiku Abubakar, who is also the presidential candidate for the People’s Democratic Party (PDP), criticized Vice-President Kashim Shettima’s legacy, stating that he has turned Borno State from ‘the Home of Peace’ into a hellish condition.


Read more details here https://businesselitesafrica.com/2023/09/08/atiku-confronts-shettima-over-joke-about-his-retirement/

Peter Obi, the presidential candidate of the Labour Party (LP), has pledged to take his case to the Supreme Court to challenge the election win of Bola Tinubu from the All Progressives Congress, in light of the decision made by the Presidential Election Petition Tribunal (PEPT).

Read more details here https://businesselitesafrica.com/2023/09/08/peter-obi-appeals-to-supreme-court-accuses-inec-of-voters-subversion/

Nigerian football stars Victor Osimhen and Asisat Oshoala have both made it to the 2023 Ballon d’Or shortlist for men’s and women’s categories. The esteemed award ceremony is set to be held in Paris on October 30.

Read more here https://businesselitesafrica.com/2023/09/07/victor-osimhen-and-asisat-oshoala-make-the-ballon-dor-shortlist/

The Malawi Flames will play against Guinea in a match that has no bearing on qualification for the 2023 Africa Cup of Nations (Afcon). The Afcon qualifiers game is set to take place at Bingu National Stadium in Lilongwe on September 9, 2023.

Read more details here, https://businesselitesafrica.com/2023/09/07/guinea-and-malawi-square-off-for-more-than-points-in-afcon-qualifiers/

The Big Brother Naija (BBNaija) All-Stars Season 8 has been a rollercoaster of emotions, dramas’ of course, tasks. Week 7 was no exception, featuring a special task sponsored by Oriflame Nigeria. The task was not just another competition but a promotional event that tested the housemates’ teamwork, creativity, and presentation skills. So, who emerged victorious in this high-stakes challenge?

After the long session of presentations and evaluations, Biggie announced Group 1 as the winner. Congratulations were in order for Team Giordani, consisting of Adekunle, Soma, Ilebaye, and Whitemoney. Read the details here, https://businesselitesafrica.com/2023/09/07/who-won-bbnaija-all-stars-season-8-week-7-oriflame-task/

For the second year in a row, Bukayo Saka has been honored as England’s Men’s Player of the Year, in association with EE, a British national mobile network operator, and internet service provider.

https://businesselitesafrica.com/2023/09/06/bukayo-saka-earns-top-honors-as-englands-player-of-the-year-in-2023/

Starlink, a satellite-based internet service developed by SpaceX, which is owned by Elon Musk, made its debut in the African market In January 2023. The goal was to offer high-speed, low-latency internet in areas where connectivity is either unreliable or unavailable. The launch was highly anticipated, with eight months of buildup leading to significant public interest.

Read more here https://businesselitesafrica.com/2023/09/05/elon-musk-how-has-starlink-performed-in-africa/

The Nigerian film industry experienced a remarkable surge in box office revenue in August 2023, with a 25% increase compared to the previous month. The Cinema Association of Nigeria reported total earnings of N603 million from ticket sales across the country, up from N482.5 million in July. The uptick in revenue was attributed to a variety of factors, including a strong lineup of films and increased patronage.

Read more here https://businesselitesafrica.com/2023/09/05/nigerian-box-office-sees-significant-revenue-boost-in-august-2023/

Nigerian billionaire Mike Adenuga has a journey of compelling tales of ambition, resilience, and innovation. As a self-made billionaire, from making his first million at the age of 26 to becoming the owner of Nigeria’s second-largest telecom network, Globacom, his achievements are nothing short of extraordinary.

Read more details here https://businesselitesafrica.com/2023/09/05/mike-adenuga-5-biggest-milestones-attained-by-the-nigerian-billionaire/

Nigerian conglomerate, Dangote Group, led by its flagship company, Dangote Cement Plc, has defied the odds to post jaw-dropping earnings in 2023, capturing the attention of global investors and analysts.

See more details https://businesselitesafrica.com/2023/09/05/5-jaw-dropping-earnings-of-dangote-group-in-2023-so-far/

NYSC Member currently serving as a Minister

Deji Adeyanju, a prominent advocate for human rights and the Convener of Concerned Nigerians has initiated a legal action against Hannatu Musawa, Minister of Arts, Culture, and Creative Economy. This comes after it was disclosed that Hannatu Musawa is presently a serving member of the National Youth Service Corps (NYSC) and at the same time freshly appointed and serving on the advisory team of President Bola Tinubu as a Minister of the Federal Republic of Nigeria.

https://businesselitesafrica.com/2023/08/31/legal-showdown-deji-adeyanju-takes-on-hannatu-musawa-over-nysc-cabinet-position/

Dr. Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, during a stakeholder engagement event in Abuja, said that over the course of less than a decade, the insurgency in certain parts of Nigeria has led to several reported cases of missing individuals amounting to about 23,000 people.

Read in detail here, https://businesselitesafrica.com/2023/08/31/government-reports-over-23000-individuals-missing-in-nigeria-within-a-decade/

Another coup in Gabon!

Here are some facts you should know about the ongoing coup in Gabon

https://businesselitesafrica.com/2023/08/30/coup-in-gabon-5-top-facts-you-need-to-know/

Another military coup in Africa! Could this be the beginning of more coups to come?

Army personnel made a televised announcement asserting that they had taken control in Gabon, following President Ali Bongo’s re-election for a third term in the Central African country. These officers declared the nullification of the election results from Saturday, an election that the opposition had criticized as being tainted by fraudulent practices.



Read in detail here, https://businesselitesafrica.com/2023/08/30/coup-in-gabon-military-seizes-power-amidst-outcry-over-president-bongos-third-term-victory/

Heartbreaking! The dollar might continue to crush the naira

The rapid rate at which the naira is depreciating against the exchange rate of the dollar has ignited a cause for alarm as Nigerians continue to worry about why it is so. More than ever, there has been a persistent deprecation of the naira since the Central Bank of Nigeria (CBN) announced new operational measures in the foreign exchange market.

https://businesselitesafrica.com/2023/08/30/5-reason-why-the-dollar-will-continue-to-crush-the-naira/