Tag Archives: wealth

#Lagos – Home of #Nigeria’s Champagne Culture –


This is an interesting article in Forbes Africa, about Nigeria’s biggest city of Lagos which it describes as “one of the world’s greatest party capitals” where people do not blink at spending $50,000 (US!) on a night out on the town.

Contrary to images of poverty and insurgency in Nigeria’s northwest, Lagos feels like a different planet. The wealth in Lagos is eye popping and the city is well known for its non-stop party scene. It is well known that Nigeria has the second fastest growing rate of champagne consumption in the world (second only to #France).

Feel free to read for an alternative view of Africa.

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Africa’s Richest Man to Buy Stake in Arsenal FC?


http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article7133927.ece

Apparently Aliko Dangote is planning to buy a stake in Arsenal FC.  Dangote is a VERY rich tycoon, a multi-billionaire and probably the richest black man on Earth.  He recently celebrated his 53rd birthday with the purchase of private jet.

I’m not sure what the strategic business interest is here, since Dangote’s business empire is known largely for cement, sugar and flour. Will be very interesting to see what comes of this, since it could (a) trigger a takeover battle at Arsenal, and/or (b) lead to more money being made availablefor player purchases.

….or will the Emirates Stadium be renamed the “Dangote Stadium” one day?!