Ethiopian Airlines bids for Arik Air

Nigeria's leading airline could soon be under new management. Ethiopian Airlines has submitted a formal offer to take charge of troubled carrier Arik Air, which accounts for more than half of Nigerian air passenger traffic, according to official statistics.

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10 Richest Black Billionaires In The World For 2017

Three of the top ten world black billionaires are Nigerian

1. Aliko Dangote ($12.2 billion) Nigeria, Sugar, Cement, Flour

2. Mohammed Al-Amoudi ($8.4billion) Saudi-Ethiopian tycoon, Oil

3. Mike Adenuga ($6.1 billion) Nigeria, Oil

4. Isabel Dos Santos ($3.1 billion) Angola, Investments

5. Oprah Winfrey ($3 billion) US, Television

6. Robert Smith ($2.5 billion) US, Private Equity

7. Patrice Motsepe ($1.81 billion) South Africa, Mining

8. Folorunsho Alakija ($1.61 billion) Nigeria, Oil

9. Michael Jordan ($1.31 billion) US, Basketball

10. Mohammed Ibrahim ($1.14 billion) UK, Mobile Telecoms, Investments

Source: CEOworld magazine