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A Moon Amongst the Stars: Celebrating Dr. Mike Adenuga at 72

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By Femi Opadere

As the sun rises on yet another beautiful day, Nigeria and the world take a moment to honour a giant, a visionary, and a true leader in business – Dr. Mike Adenuga Jr., the Chairman of Globacom and Conoil Plc, as he celebrates his 72nd birthday.

Just like the moon shining brightly among the stars, Dr. Adenuga’s brilliance lights up various industries, inspires countless individuals, and changes lives for the better. Today, we pay tribute to a man whose impact on telecommunications, oil and gas, real estate, sports, entertainment, and philanthropy has set new standards of excellence in Nigeria and beyond.

The Telecom Revolution: Lighting Up Africa
In 2003, Dr. Adenuga’s Globacom (Glo) burst onto the Nigerian telecom scene with a ground-breaking promise: to make communication both affordable and accessible. At a time when call rates were sky-high, Glo shook things up with per-second billing, empowering millions of users. Not stopping at Nigeria’s borders, Glo expanded into Ghana and the Benin Republic, leading the way with innovative technologies like 2.5G and later, 4G LTE. Today, Glo stands as a shining example of Adenuga’s vision, an indigenous brand that competes fiercely with international giants, proving that Nigerian creativity can truly make waves on a global scale.

Oil & Gas: A Trailblazer in Energy
Long before his telecom success, Dr. Adenuga made his mark in the oil and gas industry. His company, Conoil Producing, became the first local firm to discover oil in commercial quantities back in 1991. This landmark achievement broke the hold of foreign oil companies and opened the door for local players in Nigeria’s most lucrative sector. Conoil continues to be a powerhouse, showcasing Adenuga’s unwavering determination and sharp business sense.

Real Estate: Building Legacies
Beyond telecoms and oil, Dr. Adenuga’s ventures in real estate have transformed city skylines across Nigeria. From the iconic Mike Adenuga Towers in Lagos and Abuja to luxurious residential and commercial projects, his influence in property development reflects a man who doesn’t just build structures, but creates lasting legacies.
Sports & Entertainment: Fueling Passion and Talents

Mr. Chairman has made a significant mark in the world of sports and entertainment, where his support has truly changed the game. He proudly owns the historic Ijebu United FC and has been a key sponsor of major sporting events, like the Glo-CAF Awards, which have honored African football legends for a decade. His passion for the arts is just as strong, through Glo, he has backed initiatives like Glo Naija Sings, Battle of the Year, Glo X-Factor, Lafta Fest, and other platforms that highlight Nigeria’s lively entertainment scene. Many of today’s shining stars in Nigeria’s entertainment industry owe their success to his generous philanthropic efforts.

Philanthropy: A Heart as Vast as His Empire
Dr. Adenuga’s generosity is nothing short of legendary. His Mike Adenuga Foundation has provided scholarships, healthcare support, and disaster relief, positively impacting countless lives. During the COVID-19 pandemic, he stepped up by donating billions to aid Nigeria’s battle against the virus. His philanthropy, though quiet, is incredibly impactful, reflecting his reserved yet deeply caring nature.

In a galaxy of achievers, Dr. Mike Adenuga shines like the moon, radiant, steady, and impossible to overlook. At 72, he continues to embody resilience, innovation, and national pride. His life is a testament to the idea that with vision, hard work, and a love for one’s country, greatness isn’t just a dream, it’s a certainty.

Happy 72nd Birthday, Dr. Adenuga, the Chairman of all chairmen, the pride of Africa, and a beacon of hope for the continent. May your light keep shining, guiding Nigeria and Africa to even greater heights.

Femi Opadere (Satijackson) writes from Lagos

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US Cancels Visa Processing for Nigeria, Brazil, Russia, 72 Other Countries

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The Trump administration is suspending all visa processing for applicants from 75 countries, a State Department spokesperson said on Wednesday.
The spokesperson did not elaborate on the plan, first reported by Fox News, which cited a State Department memo.
The pause will begin on January 21, Fox News said.
Somalia, Russia, Iran, Afghanistan, Brazil, Nigeria, Thailand are among the affected countries, according to the report.
The memo directs U.S. embassies to refuse visas under existing law while the department reassesses its procedures. No time frame was provided.
The reported pause comes amid the sweeping immigration crackdown pursued by Republican U.S. President Donald Trump since taking office last January.
In November, Trump had vowed to “permanently pause” migration from all “Third World Countries” following a shooting near the White House by an Afghan national that killed a National Guard member.
Source: Reuters

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‘A Friend of a Thief is a Thief’, Defence Minister Warns Gumi, Other Bandit-Sympathizers

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The Minister of Defence Minister, Lt.-Gen. Christopher Musa, (rtd), has warned Sheikh Ahmed Gumi and other persons in the country against including bandits in northern brotherhood.

General Musa, via a statement on Wednesday in Maiduguri, declared: “A friend of a thief is a thief,” warning Nigerians against supporting terrorists and bandits in any form.

He said that the warning statement is neither accidental nor symbolic; explaining that it is a clear response to narratives previously promoted by Sheikh Gumi, who described bandits’ hiding in the bush as “our brothers” and argued that society cannot do without them.

General Musa’s message draws a firm line between compassion and complicity. While empathy has its place, justifying or normalising terrorism only strengthens criminal networks that have devastated communities, displaced families, and claimed innocent lives.

Labeling bandit as “brothers” does not reduce violence it legitimizes and undermines national security efforts.

The Defence minister’s warning serves as a reminder that terrorism thrives not only on weapons but also on moral cover. Anyone who excuses, defends, or shields criminals through words, influence, or silence shares responsibility for the consequences. In matters of national security, neutrality is not an option.

Nigeria cannot defeat banditry and terrorism while dangerous rhetoric blurs the line between victims and perpetrators. The choice is clear: stand with the law and the nation, or be counted among those enabling crime.

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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