The family office of Africa’s richest person, Aliko Dangote, is set to become more prominent from the first quarter of 2027 as it develops into a strategic hub for wealth management, investment and succession planning for the Dangote family. Halima Dangote, one of the billionaire’s daughters leading the initiative, disclosed this in a Bloomberg TV interview, saying the Dubai-based family office will have a broad mandate covering governance, capital management and philanthropy. “By the first quarter of next year, you will start to see the presence of the family office,” Halima said. The development comes as the Dangote Group enters…
Author: Elvis Eromosele
MoMo Payment Service Bank (MoMo PSB), the financial technology subsidiary of MTN Nigeria, has appointed Bode Abifarin, former Flutterwave Chief Operating Officer, as its new Managing Director and Chief Executive Officer. Her appointment takes effect on September 1, 2026. Abifarin brings more than 23 years of experience across financial services, consulting, digital payments, fintech, strategy, operations and business transformation to the role. Before joining MoMo PSB, she served as Chief Operating Officer at Flutterwave, where she led strategic expansion initiatives across multiple markets, developed scalable operating structures, strengthened regulatory engagement and supported the delivery of payment solutions aimed at expanding…
The Lagos Waste Management Authority (LAWMA) has stepped up enforcement of environmental regulations across the Ajah-Lekki axis, identifying 24 markets, commercial outlets and institutions for compliance action over persistent waste management violations. Dr Muyiwa Gbadegesin, Managing Director and Chief Executive Officer of LAWMA, disclosed this on Wednesday, August 26, 2026, following an enforcement operation conducted the previous day. The exercise was carried out by LAWMA’s Project WISE team, in collaboration with officials of the Lagos State Environmental Sanitation Corps (KAI), the military and the Nigeria Police. According to Gbadegesin, the 24 facilities were identified following monitoring activities that revealed breaches…
…When Westernised workplace informality meets African codes of respect By Ishola Nasirudeen Ayodele, FIMC-CMC At a graduation ceremony for UBA’s Graduate Management Accelerated Programme, a trainee stood to address the bank’s Group Chairman: “Good morning, Tony.” Elumelu, visibly caught off guard, asked if she’d meant to say “Toyin.” She hadn’t. “No, you won’t call me Tony,” he replied. “You’ll call me Mr. Elumelu or TOE… I don’t subscribe to that kind of Oyinbo life, okay?” She corrected herself and moved on. The exchange lasted seconds. The internet did not let it end there. What followed wasn’t really a debate about…
The Lagos State Government has concluded plans to commence rehabilitation works on Oke-Afa Bridge in Isolo Local Government Area, LGA, for three weeks. Oluwaseun Osiyemi, Commissioner for Transportation, announced this on Monday, ahead of the commencement scheduled for Friday, August 28 to Friday, September 18, 2026, about three weeks. Oluwaseun explained that the works will be carried out in two phases; the first phase will cover the outbound Isolo-to-Ejigbo axis of the bridge, from Friday, August 28, 2026, to Friday, September 11, 2026 while the second phase will cover the bridge inbound Isolo from Ejigbo, running from Saturday, September 12,…
The Guild of Corporate Online Publishers (GOCOP) has expressed deep sadness over the death of its former President and publisher of The Eagle Online, Dotun Oladipo, who died on Tuesday, August 25, 2026, at the age of 56. Oladipo served as GOCOP President from 2017 to 2021 and was among the publishers who played a significant role in shaping the organisation during its formative years. His death has been described as a major loss to GOCOP, The Eagle Online and the wider Nigerian media industry. Oladipo began his journalism career in the traditional media, where he worked as a journalist and editor before…
MTN Nigeria has called for stronger economic integration between Nigeria and South Africa, saying deeper bilateral cooperation could unlock investment, enterprise growth and greater local participation across both economies. The telecoms company is supporting the Nigeria-South Africa Chamber of Commerce (NSACC) August 2026 Breakfast Forum, where business leaders are expected to explore practical ways to strengthen cross-border investment and enterprise development. The forum, scheduled for August 27 at Eko Hotel & Suites, Victoria Island, Lagos, is themed “Building Local Content Together, 25 Years of Shared Growth.” It will bring together corporate leaders from the finance, advertising, technology and strategic communications…
Nigeria’s electricity distribution companies (DisCos) failed to collect N669.49 billion in electricity bills issued to customers in 2025, highlighting persistent revenue challenges in the power sector. The figure is contained in the Nigerian Electricity Regulatory Commission’s (NERC) 2025 Annual Report. According to the report, DisCos supplied electricity valued at N3.68 trillion during the year and billed customers N2.99 trillion. However, only N2.32 trillion was ultimately collected. This translated to a 77.60 per cent collection efficiency, meaning DisCos recovered about N77.60 for every N100 billed to customers. NERC said the value of unpaid electricity bills increased significantly during the year. The…
The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), is offering N700 billion in Nigerian Treasury Bills (NTBs) in its second and final scheduled auction for August 2026. The auction is being conducted today, Wednesday, August 26, across three maturities: 91-day, 182-day and 364-day bills. According to the CBN’s Invitation to Tender, authorised Money Market Dealers are required to submit bids through the CBN S4 Web Interface between 8:00 a.m. and 11:00 a.m. The offer comprises N100 billion for the 91-day bill, N100 billion for the 182-day bill and N500 billion for the 364-day bill.…
African health ministers have adopted a new plan to add 3 million health workers by 2035 as the continent faces the risk of a severe workforce crisis that could leave it short of more than 6 million health professionals. The Africa Health Workforce Agenda 2026–2035 was adopted on Wednesday, August 26, during the 76th session of the World Health Organisation (WHO) Regional Committee for Africa in Addis Ababa, Ethiopia. The agenda commits African countries to plan, educate, employ and retain 3 million additional health workers over the next decade. The move comes as countries across the continent, including Nigeria, struggle…