Emele Onu
@Emeleonu
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Bloomberg journalist; ex-money mkt editor at ThisDay Nigeria: ex-finance editor at Daily Independent; Award-winning writer; Media strategist; Opinions are mine.
Joined September 2010
Nigerian Firm’s Revival Plan Stalled by a Missing Foreign Investor - Bloomberg
bloomberg.com
A little known publicly traded company in Nigeria said its revival plan has stalled because it can’t trace its biggest shareholder.
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Dangote Cement to Spend $1 Billion to Boost Capacity by 2030 - Bloomberg
bloomberg.com
Dangote Cement Plc, Africa’s biggest producer of the building material, will spend $1 billion to boost capacity over the next four years as infrastructure construction spurs demand.
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Nigerian Stock Market Adds $21 Billion, Outpaces Emerging-Market Peers - Bloomberg
bloomberg.com
Nigerian stocks’ strong start to the year has helped them recover the market value wiped out by a sharp naira devaluation two years ago.
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African Startups Double Debt Funding as Equity Investors Demur - Bloomberg
bloomberg.com
African startups almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
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(USD: NGN) Nigeria Opens Official Dollar Market to Forex Bureaux - Bloomberg
bloomberg.com
The Central Bank of Nigeria has for the first time granted currency-exchange bureaux access to dollars at the official market, seeking to ease retail shortages and narrow the gap between the naira’s...
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Our exclusive... Tycoon Elumelu’s Startup Weighs Raising $100 Million to Expand - Bloomberg
bloomberg.com
Redtech Ltd., a Nigerian financial-technology company backed by tycoon Tony Elumelu is considering a plan to raise about $100 million in the next two years as the startup expands across Africa.
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Nigerian Naira (NGN) Rates Spread Widens As Investors Chase High Yields - Bloomberg
bloomberg.com
Investors seeking to lock in high yields on Nigerian debt ahead of an expected interest-rate cut by the central bank are fueling gains in the naira, which is at its strongest weekly level against the...
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Lagos Town Demolitions Leave Thousands of Nigerians Homeless - Bloomberg
bloomberg.com
Nigeria’s biggest city is demolishing two densely populated waterfront communities to make way for urban renewal, displacing thousands of poor residents in the process.
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The expensive diesel-powered generators that have long powered the Nigerian economy are making way for solar panels, breathing life into rural economies @Emeleonu
https://t.co/1fcohe0lZL
bloomberg.com
The diesel-powered generators that have long powered the Nigerian economy are making way for solar panels, thanks in part to a $750 million World Bank campaign.
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A Solar Boom in Rural Nigeria Lights Up Local Economies - Bloomberg
bloomberg.com
The diesel-powered generators that have long powered the Nigerian economy are making way for solar panels, thanks in part to a $750 million World Bank campaign.
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Check out what Agboola told us... African Unicorn Flutterwave Bets Mono Buy to Strengthen IPO Case - Bloomberg
bloomberg.com
Flutterwave Inc. is betting its purchase of open-banking platform Mono Technologies Nigeria Ltd. will boost earnings and strengthen the case for a potential initial public offering by Africa’s most...
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Christmas travels in Umuahia, Nigeria, Wednesday, Dec. 24. Men at work; faith people showcasing; commuters head all locations. It's the season. Compliments, wherever you are.
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Nigeria’s Heirs Energies Gets $750 Million Loan to Boost Output - Bloomberg
bloomberg.com
Nigerian oil producer Heirs Energies secured $750 million of credit from African Export–Import Bank to fund production, according to a company statement.
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Iri ji, Ohanaeze, Aboru, Lagos. Onye ahuru n'afo nke a, ka ahu ya n'afo ozo. Iseee!
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Nigeria Plans to Review Capital Gains Tax That Tanked Equities - Bloomberg
bloomberg.com
Nigeria will review a capital gains tax set to come into effect at the start of January, after stakeholders including the nation’s stock exchange called for a moratorium because of concern it will...
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