Nigerian gambling magnate Kessington Adebutu loses $3.6 million from Wema Bank shares
This setback follows a challenging year for Adebutu, who saw his Wema Bank stake drop by $2.73 million in 2024.
Related
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.
Latest
$9 billion U.S.-backed Congo cobalt deal stalls amid billionaire Dan Gertler sanctions concerns
A U.S.-backed consortium's $9 billion bid for Congo's cobalt and copper mines is stuck over one unresolved sanctions question in Washington.
Ghanaian tycoon Ibrahim Mahama's Engineers and Planners lands $205 million loan for Gold Fields
Stanbic Bank and Standard Bank have arranged a $205 million loan for Ibrahim Mahama's Engineers and Planners to expand its Gold Fields contract.
Ibrahim Mahama, brother of Ghana's president, takes delivery of $70 million Bombardier Global 6500 private jet
Ibrahim Mahama, brother of Ghana's president, has taken delivery of a $70 million Bombardier Global 6500 private jet branded Dzata.
Nigerian government awarded a $15.7 million contract to controversial businessman Nasiru Danu, a man once arrested at Heathrow with a fake passport
Nigeria's aviation minister awarded a N21.68 billion contract to a firm whose initials point directly to a businessman with a fraud-laden past.