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Dr. Mike Adenuga Jnr.: Celebrating A Business Guru At 66

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By Michael Effiong

Today across the globe, in the homes and the hearts of the millions that Dr Mike Adeniyi Agbolade Ishola Adenuga Jnr has touched and impacted with his businesses, they will definitely say a word of prayer for him as he clocks 66.

Indeed, when the history book of Nigeria’s business elites is written, there is no shadow of doubt that many chapters will be reserved for Mike Adenuga Jnr.

The business genius who is simply called The Guru and who signs his name as MA Jnr clocks 66 today and The Boss is raising a a toast to this giant, this remarkable spirit of Africa that has dared to thread were others dread and has impacted the African continent with his entrepreneurial spirit.

Before Globacom, Adenuga whom many also call The Chairman was one of Nigeria’s silent billionaires, he was known but never seen. His Consolidated Oil was achieving remarkable feats in the oil and gas industry without any fanfare.

Then came Glo- and he became one of the most recognisable Nigerians alive. The reason was because Globacom, the first and only telecommunications brand wholly owned by a Nigerian,  became a mega success in  a very short space of time.

Glo introduced innovative products and delivered first-rate service and before long, Adenuga had taken this winning formula to other African Countries-Republic of Benin, Ghana and Cote D’Ivoire.

It also became the first indigenous company to lay an international submarine cable, Glo 1, which has gigantic capacity to Africa directly to Europe and America. The optic fibre cable provides excess bandwidth to all the cities connected to the cable, and has lead to a much faster and robust connectivity for voice, data and video.

Though Forbes will rate him as Nigeria’s second richest Man, many who should know have confirmed that Adenuga is the unchallenged richest man in Nigeria and Africa.

Adenuga has over the years learnt to mold his companies into major, if not dominant, players. In the oil and gas sector, Conoil Plc is one of the largest and most profitable oil marketing companies in Nigeria. Conoil Producing, the downstream arm of the conglomerate, made history by becoming the first Nigerian company to strike oil and produce it in commercial quantity in 1991. In banking, Equitorial Trust Bank (ETB) was one of the few banks that effortlessly met the N25 billion capital requirement during the 2005 banking consolidation exercise without going to the stock market. It only merged with Devcom Bank which was also owned by Adenuga, and later merged with Sterling Bank.

With his fortunes in oil and gas, real estate and the cash cow of telecommunications, it is doubtful if any Nigerian has his raw cash.It is difficult to access his earning because most of his wealth are not listed and held privately, it is not for nothing that The bullish bull has been on the Billionaires List for decades.

The taciturn man of vision, who has been described as an angel of mercy for his philanthropy and immense propensity to give ceaselessly,  will certainly not be throwing a huge party today, but in the homes of many who have felt him, there will be abundant prayers and celebration.

He is a quintessential leader who has the uncanny ability to spot and nurture talents. Reputed to be very hands on in the operations of his businesses, Dr Adenuga who has appointed his cerebral daughter, Mrs Bella Disu as Executive Vice Chairman, Globacom, still gets briefs on the day-to-day running of his business empire.

Dr Mike Adenuga Jnr ‘s contribution to the business world has not only been recognised locally but he has also attained international acclaim.

In Nigeria, he holds the highest civilian honiour of Grand Commander of the Order of the  Niger (GCON) and in Ghana, he was awarded the highest civilian honour of Companion of the Star of Ghana (CSG).

According to President John Mahama  who conferred the indefatigable businessman with the honour at a state ceremony ” You have touched many lives in Ghana.You have provided employment  for our teeming youths, artists, footballers and many more.I am particularly proud of you.T his award is our way of a saying a simply thank you”

The entrepreneur extraordinaire was also honoured with the award of Chavalier de la Legion d Honnuer, the highest National honour of France which was bestowed on him by French President, Emmanuel Macron.

Explaining while the French Government decided to confer the honour on Adenuga, President Macron who described the serial businessman as a true model of Africa noted that he had contributed immensely to the African and French Economy.

He also applauded Adenuga for his promotion of the French Language and culture in Nigeria. Adenuga is single-handledly rebuilding the Allance Francaise, Lagos which will now be part of the Mike Adenuga Centre located on Osborne Road, Ikoyi.

It is in order therefore to salute the remarkable business guru, this exemplary son of Africa at 66.

 

 

 

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Insecurity: Akpabio Begs Tinubu to Reinstate Police Orderlies for NASS Members

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Senate President, Godswill Akpabio, has appealed to President Bola Tinubu to reconsider the directive withdrawing police orderlies from members of the National Assembly, citing safety concerns.

Akpabio made the appeal during the presentation of the 2026 budget to a joint session of the National Assembly, by President Tinubu, warning that some lawmakers fear they might be unable to return home safely following the withdrawal.

His said: “As we direct the security agencies to withdraw policemen from critical areas, some of the National Assembly said I should let you know they may not be able to go home today.

“On that note, we plead with Mr. President for a review of the decision.”

President Tinubu, on November 23, ordered the withdrawal of police officers attached to Very Important Persons (VIPs), directing that they be redeployed to core policing duties across the country.

According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu issued the directive after a security meeting with Service Chiefs and the Director-General of the Department of State Services (DSS) following heightened security issues in the country.

Under the order, VIPs requiring security are to seek protection from the Nigeria Security and Civil Defence Corps, as the Federal government seeks to boost police presence in communities, particularly in remote areas grappling with insecurity.

Tinubu later reaffirmed the directive on December 10, moments before presiding over the Federal Executive Council, expressing frustration over delays in implementation.

He instructed the Minister of Interior, Olubunmi Tunji-Ojo, to work with the Inspector-General of Police (IGP), Kayode Egbetokun, and the Civil Defence Corps to immediately replace withdrawn escorts to avoid exposing individuals to danger.

“I honestly believe in what I said…It should be effected. If you have any problem because of the nature of your assignment, contact the IGP and get my clearance,” Tinubu said.

“The minister of interior should liaise IG and the Civil Defence structure to replace those police officers who are on special security duties.

“So that you don’t leave people exposed,” he said.

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Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

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President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

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Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

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Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles. 

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

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