BUA group founder Abdul Samad Rabiu now second wealthiest African as net worth hits $18.6bn

Abdul Samad Rabiu, Nigerian businessman and founder of BUA Group, has reportedly overtaken Johann Rupert to become Africa’s second richest person, according to the latest figures from the Bloomberg Billionaires Index. Rabiu’s fortune is reported to have climbed to $18.6 billion, placing him 138th on the global wealth rankings after gaining approximately $8.47 billion since…

I never promised to fix power grid in three months — Nigeria’s new power minister Joseph Tegbe

Joseph Olasunkanmi Tegbe has denied reports claiming he promised to fix Nigeria’s electricity grid within three months. In a statement released through his spokesperson, Adeola Adelabu, the minister designate said his comments during his Senate screening had been misrepresented by sections of the media. “Our attention has been drawn to inaccurate media reports alleging that…