'Femi Asu (@asufemi) 's Twitter Profile
'Femi Asu

@asufemi

●Business journalist @TheAfricaReport ●Ex-news editor, BusinessDay ●Ex-asst. busines editor, PUNCH ●Trainer ●Winner, CNN African Journalist of the Year award

ID: 1717678998

calendar_today01-09-2013 04:38:12

3,3K Tweet

770 Followers

987 Following

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US President Donald Trump’s sudden hike in steel and aluminium tariffs to 50% has huge implications for several African countries. theafricareport.com/387227/how-wil…

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Who are the key people in the inner circle of Nigeria’s third-richest man Abdul Samad Rabiu, founder of a conglomerate that owns two of the largest listed companies? For this piece, I delved into the network of the brains behind the BUA empire. theafricareport.com/387113/bua-gro…

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[NEW] Dangote is stepping up his push to meet Africa’s fertiliser needs Three years after opening its $2.5bn fertiliser plant in Lagos, Dangote plans to double its production capacity and is on track to build a $3bn facility in Ethiopia. ⁦⁦ theafricareport.com/387813/dangote…

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[NEW] DP World, one of the world’s largest port operators, is exploring the development of logistics parks across Africa as part of a strategy to reduce transport costs and unlock growth. theafricareport.com/387826/dp-worl…

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In 2004, Shell made history as the first IOC in Nigeria to appoint a Nigerian as MD in the country. In a 20-year period, three Nigerians served as SPDC MD and country chair. Want to know more about the new chair and what’s left of Shell Nigeria? theafricareport.com/387757/meet-ma…

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Aside from becoming West Africa’s first bank to list its ordinary shares on the LSE, GTCO is the first Nigerian lender to cross the N100 mark in share price on the NGX. In my report, I asked analysts whether Zenith Bank, which listed GDRs on the LSE in 2013, will follow suit.

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“My three daughters, Mariya, Halima and Fatima, are all senior executives at the group, and I can tell you for a fact that they are critical to the success of our business.” In my latest piece, I shine a light on the increasing involvement of Dangote’s daughters in his empire.

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Nigeria-based Beta Glass says the blow from the naira’s massive devaluation was cushioned by a resultant surge in exports to other African countries. CEO Alexander Gendis told me at the company’s plant in Ogun State that capacity expansion is underway. theafricareport.com/389012/beta-gl…

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[NEW] In 2023 and 2024, many companies in Nigeria experienced an earnings bloodbath occasioned largely by the fallout of sweeping economic reforms. A growing number of them are now regaining ground. Analysts share useful insights in my latest piece. theafricareport.com/389104/guinnes…

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Since the start of petrol production at Dangote refinery 10 months ago, the country’s fuel market has seen several changes, including the elimination of subsidies, a drastic reduction in imports and increased competition across the value chain.

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A growing number of Nigerian oil and gas companies — some of which recently snapped up majors’ assets at home — are tapping opportunities in other African countries and beyond. In my report, I highlight recent expansion moves into six countries and feature insights from experts.

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TotalEnergies, Oando and Conoil, three of the four players in Nigeria‘s downstream oil sector listed on the stock exchange, ➡️ l.theafricareport.com/nYb saw their half-year petrol sales revenues plummet amid the disruption caused in the market by the giant Dangote Refinery. Report

TotalEnergies, Oando and Conoil, three of the four players in Nigeria‘s downstream oil sector listed on the stock exchange, ➡️ l.theafricareport.com/nYb saw their half-year petrol sales revenues plummet amid the disruption caused in the market by the giant Dangote Refinery.

Report
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[NEW] My latest report takes a deep dive into the developments that have played out since Bayo Ojulari took the helm as the group CEO of NNPC, which has long been the crown jewel of the country’s oil-dependent economy — plus insightful comments from industry experts.

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Nine months after Huaxin Cement agreed to acquire Holcim’s 83.4% stake in Lafarge Africa, Nigeria’s third-largest cement producer, the fate of the deal is still up in the air. The deal came under legislative scrutiny in March and is also faced with a legal setback.

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[NEW] In a further sign that the Nigerian oil and gas sector is turning the corner, Nigeria LNG (NLNG) has seen its fortunes improve with the signing of new long-term gas-supply contracts after a three-year feedstock squeeze that had threatened its $4.3bn expansion.

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Writing about the children of Nigeria’s second-richest man Mike Adenuga gulped more bandwidth than I had expended on similar research-based articles.

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[NEW] Nigeria has topped its OPEC quota three times in 2025, a turnaround driven by reforms and improved security. But can the gains last, and will OPEC let them? In December 2023, Angola exited OPEC following a row over production quota.

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[NEW] Dangote Cement has embarked on “an aggressive export strategy” to create a forex buffer following the recent currency devaluations in Nigeria that hurt its financials. We had an exclusive interview with its group CFO last Friday.

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[NEW] MRS Oil Nigeria, founded by Aliko Dangote’s half-brother Sayyu Dantata, is expanding like gangbusters, buoyed by its alliance with Dangote Petroleum Refinery. The number of retail stations in its network jumped to 404 last year from 178 in 2023. theafricareport.com/392858/how-dan…