Business
“I’m resting … ” Dangote replies Otedola’s Invitation to Invest in Eko Atlantic City”
“Maybe soon, not now I’m resting right now. Having delivered the refinery, I need some rest, but I’ll come; I’ll be here very soon. “
“I’m resting after delivering the $20 billion Dangote Petroleum Refinery.”
Alhaji Aliko Dangote stated the above words today in response to Mr Femi Otedola’s invitation to come and invest in Eko Atlantic City.
Speaking during the groundbreaking ceremony of the 43-storey building new First Bank Head Office at Eko Atlantic City in Lagos, Dangote said that he’s now resting after delivering the project.
“Maybe soon, not now I’m resting right now. Having delivered the refinery, I need some rest, but I’ll come; I’ll be here very soon. “
So I want to congratulate you (Otedola) and the entire board and management of First Bank for taking this bold move of building a massive edifice in the new City of Lagos,” he said.
He said that the Eko Atlantic has become the new City of Lagos and with FirstBank joining the list of corporate entities in the emerging industrial city, more banks would come in.
The groundbreaking is attended by Vice-President Kashim Shettima, Governors of Lagos, Ogun, and Ondo – Babajide Sanwo-Olu, Dapo Abiodun, and Lucky Aiyedatiwa, respectively.
Others are Deputy Governor of Lagos State, Dr. Femi Hamza; former Senate President, Dr. Bukola Saraki; former Governor of Delta State, James Ibori, among others.
Other billionaires and CEOs in attendance included the CEO of Pacific Holdings, Dr. Deji Adeleke; CEO of Sapetro, Senator Daisy Danjuma; Ambassador Gilbert Chagoury; Alhaji Mustapha Indimi, among others.
Business
Ghana Moves to Cut Domestic Airfares as Ticket Prices Stay High
Arthur said the GCAA does not fix airfares because ticket pricing is deregulated and largely determined by market forces.
Ghana Civil Aviation Authority (GCAA) is taking steps to lower domestic airfares as concerns over high ticket prices persist.
The Director -General of the GCCA, Rev Stephen Wilfred Arthur, disclosed this, saying that the plan centres on encouraging more airlines to enter the domestic market and reducing operating costs, including through the removal of import duties on aircraft spare parts.
The GCAA said making domestic air travel more affordable will require measures to reduce airlines’ operating costs and increase competition within the market.
Arthur said the GCAA does not fix airfares because ticket pricing is deregulated and largely determined by market forces.
However, the regulator can intervene where airlines engage in anti-competitive practices or price collusion.
The GCAA is encouraging more airlines to enter Ghana’s domestic market.
Arthur said new operators that meet regulatory requirements could increase available seats and competition.
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Business
TIME Names Moniepoint CTO Felix Ike Among 50 Global Executives of the Year
In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.
TIME magazine has named Felix Ike, co-founder and Chief Technology Officer of Nigerian fintech Moniepoint, to its inaugural Executives of the Year: Tech and Data list.
Ike is the only executive representing an African company among the 50 leaders selected for the 2026 list.
The list, unveiled on Tuesday, September 22, recognises chief information officers, chief technology officers, chief data officers and chief product officers whose decisions are shaping how major organisations deploy technology and use data.
Moniepoint is also the only African company represented on the inaugural list.
Ike was named alongside executives from Netflix, CrowdStrike, Dell, Duolingo, AT&T, OpenAI, Anthropic, Shopify and Reddit, among others.
In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.
“The recognition follows Moniepoint’s inclusion in TIME’s 2025 list of the 100 Most Influential Companies, giving the Lagos-founded fintech another global distinction.
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