Business

Nigerian-born entrepreneur Kase Lawal is the epitome of the American dream. Arriving to the US a young, idealistic student, Lawal has carved a name for himself in one of the most competitive industries in the world: Oil.

Now head of a multi-billion dollar empire, his Houston-based company, CAMAC, is one of the largest black-owned businesses in the U.S., generating over $2 billion dollars a year.

Founded nearly 25 years ago, Lawal built CAMAC (which stands for Cameroon-American) from a small agriculture business into a global oil company. But it's taken a lot of hard work, determination and guts ...

Some 400 Nigerian professionals and foreign businessmen have arrived Abuja to explore investment potential of the country and help in reversing the brain drain phenomenon.

The group, which is visiting Nigeria under the aegis of the New Nigeria Initiative in the Diaspora, is expected to meet President Goodluck Jonathan late on Saturday after which it will make its activities known through a press conference on Sunday.

Coordinator and chairman of the advisory council of the group, Chief Peter Mozie, who spoke on behalf of the group in Abuja, said that the group was made of Nigerian experts a...

The Turkish Minister for Foreign Trade, Zafer Caglayan has disclosed that the volume of trade between Nigeria and Turkey stands at about 1 billion dollars, just as he said that there were projections for an increase in the coming years.

Speaking in Abuja while addressing a delegation of Turkish and Nigeria business men, Caglayan who called for an increase in trade relations between Nigeria and Turkey, stressed that Nigeria was the fastest growing economy in the Western part of Africa, adding that as a nation, Nigeria must harness its potentials to the fullest because of the important role it...

Oprah Winfrey, Jay-Z, or BET founder Robert Johnson come to mind when thinking of some of the most affluent black people in the world. However, there is another black billionaire who isn’t a household name here in the United States but is making headlines throughout the world with his business organizing a $5 billion London share sale.

His name is Alhaji Aliko Dangote, owner of a multi-billion dollar conglomerate known as the Dangote Group based in Nigeria and with operations throughout Africa. He is ranked in Forbes as one of the richest black African descendants behind Mohammed Al Amoudi ...