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Katsina’s Surayyah Ahmad Sets New Precedent for Nigeria and Africa at Oxford

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By Joel Popoola

In the hallowed halls of Oxford’s Saïd Business School, a quiet revolution is taking shape; Nigerian entrepreneur and investor Surayyah Ahmad has been named one of the Best & Brightest MBAs of 2025 by Poets&Quants, the world’s leading platform for graduate business education.

The accolade, reserved for a select group of the most outstanding MBA students across global institutions, recognises not only academic achievement, but also extraordinary leadership, community impact, and entrepreneurial innovation.
Surayyah’s inclusion is groundbreaking, not just as a Nigerian woman excelling on the global stage, but as a former Fulani girl who defied every odd stacked against her.

Born in Ibadan to a nomadic family with no formal education tradition, she began primary school late and by age 12 still could not read or write in English. Fast-forward two decades, and she now stands as one of the most recognised African voices in global business education, entrepreneurship, and impact investment.

She is currently completing her MBA at the prestigious Saïd Business School, University of Oxford, where she is not only excelling academically, but actively shaping Africa-focused initiatives on campus. She serves as Co-Chair of the Oxford Africa Business Alliance, a Laidlaw Scholar, and an Oxford Impact Lab Fellow, roles through which she bridges global capital, policy, and entrepreneurship with emerging opportunities on the continent.

The recognition by Poets&Quants is a fitting crown on an extraordinary journey, acknowledging both her story and the scale of her ambition. In addition to her studies, Surayyah is the Co-Founder and General Partner at Sabou Capital, a venture capital firm investing in underserved markets in West and Central Africa, with a particular focus on women-led enterprises and inclusive business models. Sabou Capital is not just providing capital, it’s reshaping who gets funded in Africa, and why.

“We invest in the parts of Africa the world often overlooks,” she says. “Not just Lagos or Nairobi, but Kano, Bangui, Maroua, places with talent, energy and ideas that are too often ignored. We want to fund African businesses that are scalable, inclusive and representative of real people.”
Before founding Sabou Capital, Surayyah was a successful entrepreneur in Nigeria.

She launched YDS Online, one of the country’s early logistics and fulfilment platforms for e-commerce businesses. She grew and scaled the company in a challenging business environment and exited in 2022, an experience that gave her a deep, firsthand understanding of the barriers African founders face, and the systems needed to support them.
What makes Surayyah’s journey even more compelling is the consistency with which she connects personal experience with broader systems change. Her work is not limited to investing—she is actively advocating for inclusive growth models, shaping policies that support emerging markets, and advising global stakeholders on how to rethink investment strategies for Africa.

At Oxford, she has continued to distinguish herself, not only through her academic performance, but as a thought leader engaging peers and global investors in dialogue about Africa’s future. Her story has inspired business leaders, students, and aspiring entrepreneurs across the globe, many of whom see in her a role model who has lived and led from the margins to the centre.

For a young woman who once doubted her ability to catch up in school, her global recognition today represents far more than personal achievement, it is a beacon for others. Her journey reminds us that excellence can emerge from anywhere, and that Africa’s next generation of leaders may not be born into privilege, but they are rising nonetheless, equipped with vision, grit, and boundless potential.

As the first Nigerian to be featured on Poets&Quants’ Best & Brightest MBAs in recent years, Surayyah Ahmad has not only made history—she has set a powerful new precedent.

Joel Popoola is a Managing Partner at Anchora Advisory, and Chair of the Institute of Directors Africa Group

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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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