Runa Alam's DPI seals $200 million exit in African banking deal
DPI founder Runa Alam scored a $200 million exit as Morocco’s BCP bought the remaining stake in Atlantic Business International.
Uncle Nearest founder Fawn Weaver sues former CFO as whiskey brand remains under court oversight
Fawn Weaver sued Uncle Nearest’s former CFO Mike Senzaki, alleging fraud and inflated inventory as court oversight continues at the whiskey brand.
TotalEnergies and ABC Orjiako’s Zebbra reach understanding on Nigeria’s OPL 248 as Chevron seeks 40% stake
TotalEnergies and ABC Orjiako’s Zebbra say they reached an understanding over Nigeria’s OPL 248 as Chevron pursues a 40% offshore stake.
Cameroon taps Koné Dossongui’s AFG Bank to refinance $89 million in state arrears
Cameroon is leaning on AFG Bank Cameroon, founded by Bernard Koné Dossongui, to refinance CFA50 billion ($89.4 million) in arrears.
Soldier’s killing of a 13-year-old puts Indian billionaire Sandesara brothers, Sterling Oil and Nigeria military abuses under fresh scrutiny
A boy is killed outside a guarded industrial compound in Akwa Ibom, drawing focus to Sterling Global and Nigeria’s lethal security culture.
Ivorian tycoon Jean Kacou Diagou reshapes NSIA banking arm
NSIA founder Jean Kacou Diagou reshuffles executives, elevating Gomez Konan and tightening governance as the bank readies new West Africa growth.
Inside Nigeria’s petrol price war: Sayyu Dantata’s MRS takes on NNPC with Dangote refinery fuel
Sayyu Dantata controlled MRS is selling petrol at 739 naira per litre, sharpening competition with NNPC across Nigeria’s retail market.
Olugbenga Agboola's Flutterwave acquires open banking startup Mono for over $25 million
Flutterwave CEO Olugbenga Agboola says buying Mono ties payments and open banking together, aiming to unlock faster lending and safer account transfers.
Nigerian industrialist Rasaq Okoya marks 86th birthday with free cancer screenings, health outreach in Lagos
Industrialist Razaq Okoya is celebrating his 86th birthday by sponsoring a week of free cancer screenings and health checks in Ajah, Lagos.
Egypt's Orascom Investment narrows nine-month loss as operating revenue jumps
Orascom Investment cut its nine-month loss as revenue surged, and a much stronger third quarter helped offset a weak first half.
Zimbabwean billionaire Strive Masiyiwa's Econet plans 300-hectare industrial park near Harare airport
Masiyiwa's Econet InfraCo says an industrial park near Harare airport, backed by solar power and a data centre, could speed investment and jobs.
Sports betting billionaire Kunle Soname calls for referee reforms in Nigeria’s Premier Football League
Remo Stars owner Kunle Soname wants a weekly referee review panel, TV coverage and tougher sanctions to rebuild trust in Nigeria’s NPFL.
Jamaican billionaire Lee-Chin weighs sale of NCB Financial stake as $94 million bond due
Michael Lee Chin is weighing a sale of his NCB Financial Group stake as a US$94 million bond payment looms.
The late Nigerian billionaire Nuel Ojei built an empire from Mazda to EMO, then kept it out of the spotlight
From Mazda showrooms to EMO oil ventures, Nuel Ojei built a discreet conglomerate that touched Nigeria’s roads, ports and crude trade.
Custodian Investment chief Wole Oshin buys $2.3 million in shares in December trades
Custodian Investment chief Wole Oshin bought 87 million shares worth about N3.39 billion in December trades disclosed to the NGX.
Meet Olubunmi Peters, Nigerian businessman behind the $250 million deal for control of Eko DisCo
Olubunmi Peters is betting that new capital can turn Eko DisCo into a Lagos powerhouse.