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Nigerians Lead Forbes Black Billionaires List



  • Nigerians Lead Forbes Black Billionaires List

Nigerians are the richest black people in the world as they top Forbes’ list of black billionaires, 2019.

Out of the 13 billionaires of black origin, Nigeria and USA topped the list with four billionaires apiece.

Britain, South Africa, Zimbabwe, Canada and Angola had one each on the list released on the 5th of March.

On top of the list is the richest black man alive, Aliko Dangote, from Nigeria with a net worth of $10.9 billion, according to Forbes. The figure is below the newly adjusted net worth of $16.6 billion by Bloomberg, suggesting Forbes is yet to adjust its figure for Dangote’s new fertilizer plant.

Mike Adenuga, the founder and executive chairman of Globalcom, came second with an estimated net worth of $9.1 billion.

Others are:

Robert Smith, $5 billion, American

David Steward, $ 3 billion, American

Oprah Winfrey, $2.5 billion, American

Strive Masiyiwa, $2.4 billion, Zimbabwean

Isabel Dos Santos, $2.3 billion, Angolan

Patrice Motsepe, $2.3 billion, South African

Michael Jordan, $1.9 billion, American

Michael Lee-Chin, $1.9 billion, Canadian

Abdul Samad Rabiu, $1.6 billion, Nigeria

Folorunsho Alakija, $1.1 billion, Nigeria

Mohammed Ibrahim, $1.1 billion, British

Nigeria is the largest economy in Africa with almost 200 million people but about 87 million of that number lives in extreme poverty and that number, according to Brookings Institution, will rise to 152 million in 2050 when Nigeria’s population would have reached 429 million.

GDP per capita remained low at $1084 while economic growth has dropped in recent years from 6 per cent to 1.93 per cent after global oil glut that plunged oil prices eroded most of her foreign revenues.

The unemployment rate rose from 18.8 per cent in 2017 to 23.1 per cent in the third quarter of 2018, leaving 20.9 million people unemployed.

People have criticised the likes of Dangote for using political connections to amass wealth at the expense of the poor majority. Dangote that was named the sixth most charitable person in the world last year shrugged off that criticism each time, saying broad investment in the local economy will boost job creation and gradually ease poverty through improved economic activity.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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