₦airaland Forum

xangerar:
Good book it seems. It sure will make a wonderfully beautiful read.

9jaBloke:
To qualify as a Nepo baby, you have to be remarkably successful doing your own thing. All of them are still in their parents' shadows.

A “nepo baby” is a colloquial term, often used to describe a person who has achieved success or fame in a particular field, due to having a famous parent or family connections, rather than solely on their own talent or hard work.

The term is short for “nepotism baby,” highlighting the perceived advantage gained from family connections.

The core idea behind the term is that a “nepo baby” benefits from their parents’ fame and connections, allowing them to bypass the usual challenges and competition in their chosen field.

While the term is often used negatively, some argue that “nepo babies” can also be talented and deserving of their success. However, the perception remains that their path to success was made easier by their family’s influence.

MoneyCentral compiled a list of 10 successful Nigerians with famous parents from North, South, East and West of the country.

Nigerian celebrities and business people with famous parents

Seyi Tinubu – Seyi, born on October 13, 1985, is the son of President Bola Tinubu, and is an entrepreneur and CEO of Loatsad Promomedia, an outdoor advertising company, and has built his own profile through business and philanthropy, including the Noella Foundation.

However, the establishment’s portrayal of Seyi as a self-made figure deserves scrutiny. His success is undeniably boosted by his father’s political clout—access to high-value contracts and networks that others lack.

Florence Otedola (DJ Cuppy) – Daughter of Femi Otedola, a billionaire with interests in power and oil. She’s a well-known DJ and philanthropist, bringing some visibility to the Otedola name.

Uzoma Dozie – Uzoma Dozie is the son of late Pascal Gabriel Dozie, a prominent Nigerian billionaire and founder of Diamond Bank, with a high net worth, derived from banking, telecom investments (e.g., MTN Nigeria), and other ventures.

Uzoma, born in London in 1969, followed his father’s footsteps in finance, serving as Group Managing Director and CEO of Diamond Bank until its 2019 merger with Access Bank. He later founded Sparkle, a digital microfinance bank, showcasing his own entrepreneurial streak.

Fatima Dangote – Daughter of Aliko Dangote, the richest man in Nigeria and Africa. She’s known to be involved in the family’s business interests and has a public presence tied to the Dangote Group.

Bella Disu – Daughter of Mike Adenuga, involved in Globacom’s operations and a prominent figure in the telecom giant’s leadership.

Khadija Indimi – Daughter of Mohammed Indimi, an oil magnate, known for her marriage to Mohammed Buhari, son of former and late Nigerian President Muhammadu Buhari, linking wealth and political circles.

Tochi Wigwe – Otutochi (Tochi) Wigwe, daughter of the late Herbert Wigwe, is a 26-27-year-old figure known for emotional tributes to her father, a banking mogul who died in 2024. She’s tied to his legacy, including Wigwe University, and faces a contentious inheritance dispute with her grandfather and relatives, despite court rulings favoring her.

Abdulrazaq Isa Rabiu – Son of Nigerian Billionaire Abdul Samad Rabiu, associated with BUA Group’s business activities.

Joshua Gana – Joshua Gana is likely the son of Professor Jerry Gana, a notable Nigerian politician and academic who served as a minister under multiple administrations, including Information and Agriculture.

Joshua, born into this influential family, is a member-elect representing the Lavun, Mokwa, and Edati Federal Constituency of Niger State in the Nigerian House of Representatives, elected in 2023 on the Peoples Democratic Party (PDP) platform.

His father’s prominence—once a Director at Sunti Sugar Company and a key figure in the Third Term Agenda under Obasanjo—suggests Joshua benefited from political networks, a common privilege in Nigeria’s elite circles.

Adamu Atiku Abubakar – Adamu is the son of Atiku Abubakar, a prominent Nigerian politician and businessman who served as Vice President from 1999 to 2007. Atiku, has a huge estimated fortune tied to oil, real estate, and political influence.

Adamu is the Honourable Commissioner of Works and Energy Development in Adamawa State under the PDP-led government of Governor Ahmadu Fintiri. This political appointment suggests he leverages his father’s influence.

CruzJoe:
Nice one....I believe you re into stocks.
I have a question.


which platform/app would you recommend for buying of shares, both Nigeria and Foreign shares, considering:
1: licenced ones
2: cheaper fees/charges/commissions
3: Auto reinvestment feature.

Thanks

MrTuthakhamun:
Now add inflation rate and see how those meager earnings are eroded away

drstranged:
First of all, people have a right to spend their money as they deem fit, whether on clubs or whatever and that's nobody's business. And that is besides the point, like way off point. Now that 3.8 million you talked about is worth USD 2,375 today going by your exchange rate of#1,600. That same 3.8million dividend in 2021 would have been worth USD 10,000 dollars in 2021 (going by the exchange rate of #380 to the dollar). So where's the wealth creation if your value dropped from USD 10,000 to USD 2,375. You're actually much poorer than you were in 2021. Statistics don't lie. Maybe you don't know that 3.8 million in Nigeria today is useless. You still think it's same 3.8million of 3-4 yrs ago. It's purchasing power is as useless as the p in psychology. 3.8 million could get you a sleek Corolla in 2021. Can quadruple of that get you same Corolla today? Please wake up from your dreams sir.

drstranged:
Point is, what was the value of the naira in 2021 compared to today. #21 in 2021 is equivalent to #105 today. So in essence the value of GTCo stocks actually depreciated, not appreciated. Do the maths yourself
What #20 to #30 could get you in 2021, even #200 cannot get you today. A house of #10 million in 2021, you can even get for #50million today. When you do the maths you'd know how bleeped the economy is.

alezzy13:
Hmm. From offer of N55 it has almost doubled. GT try oo. 💲💲

Africa’s richest man Aliko Dangote has filed paperwork to begin construction of a Deep seaport near his fertilizer and oil refinery plants to make it easier to export goods — including liquefied natural gas — and support the rapid growth of his industrial empire, Bloomberg reported.

Dangote plans “to build the biggest, deepest port in Nigeria,” took wings after he sent in the paperwork for permission in late June, he said in an interview.


The proposed Atlantic seaport in Olokola, Ogun state, lies about 100 kilometers (62 miles) by road from the billionaire’s fertilizer plant and petrochemicals refinery in Lagos. Dangote currently exports urea and fertilizer through an on-site jetty he built, that also receives heavy equipment for the refinery.

Once completed, the port will link the conglomerate’s logistics and export operations and rival facilities in Lagos, Nigeria’s commercial capital, including the Chinese-funded Lekki Deep Sea Port opened in 2023.

Lekki Deep Seaport currently has a capacity of 1.2 million TEUs (twenty-foot equivalent units) per year, which is planned to be expanded to handle 2.7 million TEUs annually.

It can accommodate vessels with a capacity of up to 18,000 TEUs, including container ships, bulk carriers, and oil tankers.

“It’s not that we want to do everything by ourselves, but I think doing this will encourage other entrepreneurs to come into it,” he said.

Dangote also plans to export liquefied gas from Lagos, a project that will involve constructing pipelines from Nigeria’s oil-rich Niger Delta., vice-president of the group Devakumar Edwin said in another interview.

“We want to do a major project to bring more gas than what NLNG is doing today,” he said, referring to Nigeria LNG Ltd., a joint-venture between the government, Shell Plc, Eni and TotalEnergies SA, which is currently the continent’s largest exporter of LNG.

“We know where there is a lot of gas, so run a pipeline all through and then bring it to the shore.”

Dangote already sources natural gas from the Niger Delta to supply his fertilizer plant, where it’s used as feedstock to produce hydrogen for ammonia — a key component in the production of the crop nutrient

CoronaVirusPro:
The most unprofitable business is building a house for profit.

Why spend 300m on a house you will have to wait for years to get to profit while maintenance keeps going on.

At 15 years, the house itself is already depreciating and only the land it sits on is appreciating, that’s even when you build in the right location.

Just sit that 300m in a money market account and start reaping profit instantly.

I don’t know who sold false narratives to people that building a house for rent purposes is profitable.

tosyne2much:
He outsmarted death

Most plane crash normally happen during take off or landing

Raf4:
If it takes you 2hrs to travel from Nsuka to Onitsha, a less than 60KM distance, then something is wrong somewhere. The development/infrastructure you want to claim here might not be available afterall.

dedonfranco:
Nigeria banking sector is making money more than oil sector.

Gboss247:
Oga, you need to know the difference between a subsidiary and a parent company.
First Bank (an unlisted company) is a 100% owned subsidiary of First Holdco Plc (a listed company). Gtbank also is a subsidiary of GTCO.
Note the difference!

Gboss247:
Seriously, First Bank, Globacom, GTbank should be on the list of quoted when they are not quoted.

Blackdisciple:
GTB done use people money go on top
Is MTN a Nigerian company??

SmartPolician:
That article focused on unicorns! I bet most Nigerians don't know what that means.

A unicorn is a relatively new company driven by technology that is worth $1 billions.

Nigeria has 4 unicorns - Andela, OPay, Interswitch and Flutterwave.

Yes, there's nothing wrong with the article. The writer just didn't explain it properly.

OboOlora:

So Avsex Bank isn't even there with all their acquisitions all over Africa