Otedola's aggressive accumulation of nearly 28% of First HoldCo — Africa's largest banking group by ambition — has lifted him from Forbes's lowest-ranked African billionaire to a fortune that eclipses eight continental peers.
A N70.9 billion monthly rebound in currency held outside the banking system, alongside a N139.38 trillion broad money supply, reveals the persistent tension between Nigeria's cash economy and its formal financial infrastructure.
Three straight months of private-sector credit growth mask a structural threat: the federal government's appetite for domestic debt is competing directly with businesses for bank funds.
The UN Secretary-General's call for global support underscores that Africa remains the region furthest off-track on Sustainable Development Goals with the 2030 deadline approaching.
Nigeria's star striker Victor Osimhen has been ruled out of the Super Eagles' Group L AFCON qualifying campaign after missing Galatasaray's 4-0 loss to Trabzonspor, with Nottingham Forest's Taiwo Awoniyi named as his replacement.
Three converging developments reshape conditions for workers, agribusiness, and vehicle owners across South Africa in mid-2025.
The Falconets beat England to reach the last eight of the FIFA U-20 Women's World Cup, where Colombia stands between them and a semi-final berth.
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