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Jimoh Ibrahim
Jimoh Ibrahim (born 24 February 1967) is a Nigerian lawyer, politician, businessman and philanthropist. He is the chairman and chief executive officer of Global Fleet Group, a diversified conglomerate based in Nigeria, with business interests and subsidiaries in neighboring West African countries. In July, 2022, he was awarded a doctorate degree in Business by the University of Cambridge, United Kingdom. This makes him the first doctorate degree holder in Business from the same university since it was first established in 1209. Background Ibrahim traces his origins to Ondo State, in southwestern Nigeria. He studied law at Obafemi Awolowo University in Ile Ife, Osun State, Nigeria, graduating with the degree of Bachelor of Laws (LLB). Subsequently, he obtained the degree of Master of Public Administration (MPA), also from Obafemi Awolowo University. Later, he attended Harvard University in Cambridge, Massachusetts, USA, graduating with a combined Master of Laws (LLM) and Master's ...
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Ondo State
Ondo State ( yo, Ìpínlẹ̀ Oǹdó) is a state in southwestern Nigeria. It was created on 3 February 1976 from the former Western State. It borders Ekiti State to the north, Kogi State to the northeast, Edo State to the east, Delta State to the southeast, Ogun State to the southwest, Osun State to the northwest, and the Atlantic Ocean to the south. The state's capital is Akure, the former capital of the ancient Akure Kingdom. The State includes mangrove-swamp forest near the Bights of Benin. Nicknamed the "Sunshine State", Ondo State is the 19th most populated state in the country, and the 25th-largest state by landmass. The state is predominantly Yoruba, and the Yoruba language is commonly spoken. The state economy is dominated by the petroleum industry. Cocoa production, asphalt mining, and activities related to the state's extensive coastline also are part of the economy. It is the home to the Idanre inselberg hills, playing host to the highest geographical point in the ...
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West Africa
West Africa or Western Africa is the westernmost region of Africa. The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo, as well as Saint Helena, Ascension and Tristan da Cunha ( United Kingdom Overseas Territory).Paul R. Masson, Catherine Anne Pattillo, "Monetary union in West Africa (ECOWAS): is it desirable and how could it be achieved?" (Introduction). International Monetary Fund, 2001. The population of West Africa is estimated at about million people as of , and at 381,981,000 as of 2017, of which 189,672,000 are female and 192,309,000 male. The region is demographically and economically one of the fastest growing on the African continent. Early history in West Africa included a number of prominent regional powers that dominated different parts of both the coastal and internal trade networks, suc ...
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Accra
Accra (; tw, Nkran; dag, Ankara; gaa, Ga or ''Gaga'') is the capital and largest city of Ghana, located on the southern coast at the Gulf of Guinea, which is part of the Atlantic Ocean. As of 2021 census, the Accra Metropolitan District, , had a population of 284,124 inhabitants, and the larger Greater Accra Region, , had a population of 5,455,692 inhabitants. In common usage, the name "Accra" often refers to the territory of the Accra Metropolitan District as it existed before 2008, when it covered .Sum of the land areas of Accra Metropolitan District, Ablekuma Central Municipal District, Ablekuma North Municipal District, Ablekuma West Municipal District, Ayawaso Central Municipal District, Ayawaso East Municipal District, Ayawaso North Municipal District, Ayawaso West Municipal District, Korle Klottey Municipal District, Krowor Municipal District, La Dadekotopon Municipal District, Ledzokuku Municipal District, and Okaikoi North Municipal District, as per the 2021 ce ...
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Energy Bank
Energy Bank Sao Tome e Principe, also referred to as Energy Bank STP, but commonly known as Energy Bank, is a commercial bank in Sao Tome. It is one of the eight commercial banks licensed by the Central Bank of São Tomé and Príncipe, the country’s banking regulator. , Energy Bank is a small financial services provider in Sao Tome. The bank’s total assets are estimated at about US$10 million. The shareholders’ equity is estimated at about US$6.8 million. History Energy Bank Sao Tome & Principe (STP), commenced operation as Oceanic Bank (STP) on 14 July 2008. Its second branch, in the proximity of the main market was opened on 11 May 2010. A one hundred percent acquisition of the bank was done by Global Fleet (United Kingdom), under the leadership of Dr. Jimoh Ibrahim, OFR - Chairman, which transaction transferred ownership and control of Oceanic Bank in June, 2011. Ownership The shares of stock of Energy Bank are privately owned. The major shareholders in the bank are (a) ...
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Investments
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Abuja
Abuja () is the capital and eighth most populous city of Nigeria. Situated at the centre of the country within the Federal Capital Territory (FCT), it is a planned city built mainly in the 1980s based on a master plan by International Planning Associates (IPA), a consortium of three American planning and architecture firms made up of Wallace, Roberts, McHarg & Todd (WRMT – a group of architects) as the lead, Archisystems International (a subsidiary of the Howard Hughes Corporation), and Planning Research Corporation. The Central Business District of Abuja was designed by Japanese architect Kenzo Tange. It replaced Lagos, the country's most populous city, as the capital on 12 December 1991. Abuja's geography is defined by Aso Rock, a monolith left by water erosion. The Presidential Complex, National Assembly, Supreme Court and much of the city extend to the south of the rock. Zuma Rock, a monolith, lies just north of the city on the expressway to Kaduna. At the 2006 ce ...
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Nigeria Reinsurance Corporation
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first internal uni ...
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Virgin Nigeria
Air Nigeria (originally Virgin Nigeria Airways, and then Nigerian Eagle Airlines) was the national flag carrier of Nigeria, which operated scheduled regional and domestic passenger services. The airline's base was Murtala Mohammed International Airport in Ikeja, its head office was in Lagos Island, Lagos and the C&M building in Crawley, and its registered office was in Ikoyi, Lagos. The airline, which effectively replaced the defunct Nigeria Airways, was founded in 2004 as a joint venture between Nigerian investors and the Virgin Group. Virgin withdrew from the business between 2008 and 2010. Following two name changes, Air Nigeria announced on 6 September 2012 that it had made its staff redundant and ceased operations on 10 September 2012. History Origins Nigerian institutional investors owned 51% of the company and Virgin Atlantic the remaining 49%. The airline's inaugural flight was on 28 June 2005 from Lagos to London Heathrow, using an Airbus A340-300 aircraft. Virgi ...
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Air Nigeria
Air Nigeria (originally Virgin Nigeria Airways, and then Nigerian Eagle Airlines) was the national flag carrier of Nigeria, which operated scheduled regional and domestic passenger services. The airline's base was Murtala Mohammed International Airport in Ikeja, its head office was in Lagos Island, Lagos and the C&M building in Crawley, and its registered office was in Ikoyi, Lagos. The airline, which effectively replaced the defunct Nigeria Airways, was founded in 2004 as a joint venture between Nigerian investors and the Virgin Group. Virgin withdrew from the business between 2008 and 2010. Following two name changes, Air Nigeria announced on 6 September 2012 that it had made its staff redundant and ceased operations on 10 September 2012. History Origins Nigerian institutional investors owned 51% of the company and Virgin Atlantic the remaining 49%. The airline's inaugural flight was on 28 June 2005 from Lagos to London Heathrow, using an Airbus A340-300 aircraft. Vir ...
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Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ...
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