The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country. Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II. The royal honor came after he helped the British...
Entering Nnewi, a bubbling industrial town in the southern zone of Anambra State, one would be greeted with what would at first seem a noisy town. Coming from Awka, Onitsha or even Orlu in Imo State, a visitor is faced with the sight of a sea of heads, all scrambling for space, and hurrying to God knows where.
Cletus M. Ibeto (born November 6, 1952) is a Nigerian businessman from the industrial city of Nnewi. He is head of The Ibeto Group, the largest business enterprise from Nnewi, a city unique for its entrepreneurial spirit
