LAGOS JUNE 15TH (NEWSRANGERS)-Abdulsamad Rabiu, the chairman of BUA Group, has suffered a substantial loss to his fortune in the wake of the Naira’s devaluation. It had reported that the Central Bank of Nigeria announced that the naira exchange rate to the dollar will now be determined by market forces. The apex bank went further…
LAGOS OCTOBER 21ST (NEWSRANGERS)-Gilbert Chagoury, a Nigerian billionaire of Lebanese descent, has been named in the criminal case of a U.S. congressman Jeff Fortenberry who prosecutors say lied to FBI investigators about illegal contributions to his 2016 re-election campaign from foreign nationals. According to Associated Press, the indictment alleges that Fortenberry, U.S. Representative of Nebraska repeatedly lied to and misled…
LAGOS JUNE 24TH (NEWSRANGERS)-These are not the best of times for famous billionaire and chairman of Doyin Group of Companies, Prince Samuel Adedoyin, as one of his grandsons, Subomi Olabayo, on Tuesday, committed suicide. The 28-year-old Subomi is the son of Lola Olabayo, a daughter of Prince Adedoyin and Managing Director of Royals Fast Food,…
