Africa’s richest man, Aliko Dangote, loses $455 million in 24 hours
The plunge in Dangote's wealth is largely attributed to a major sell-off in Dangote Cement shares on the Nigerian Exchange (NGX).
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Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
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Wale Tinubu’s Oando grows profit 10 percent as upstream output jumps in 2025
Oando Plc posted a stronger profit in 2025 as rising oil and gas output offset lower revenue from trading shifts and strategic portfolio realignment.
South African billionaire Michiel Le Roux’s Capitec to grow branches and ATM network as rivals scale back
Capitec plans to expand branches and ATMs in 2026, betting that physical access still matters as rivals cut networks and push deeper into digital banking.
Billionaire Aliko Dangote's refinery targets 75 million litres daily petrol supply
Dangote Refinery outlined petrol, diesel and aviation fuel volumes that exceed Nigeria’s estimated demand, according to figures released by the company.
South African billionaire Johann Rupert’s Richemont to sell Baume & Mercier to Italy’s Damiani
Richemont agreed to sell Baume & Mercier to Italy’s Damiani, handing control of one of Switzerland’s oldest watch brands to a family owned jeweler.