Nigerian billionaire Aliko Dangote's refinery takes in a record 735,000 barrels a day
Crude deliveries to Aliko Dangote's refinery near Lagos climbed to a record 735,000 barrels a day in October, as US oil filled a larger share.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Indian billionaire Mukesh Ambani overtakes Zhang Yiming as Asia’s richest person after Reliance shares surge nearly 12%
Mukesh Ambani overtook ByteDance’s Zhang Yiming as Asia’s richest person after Reliance shares jumped nearly 12%, lifting his fortune to $88.8 billion.
South African billionaire Christo Wiese's Invicta warns half-year earnings could fall 29%
Invicta Holdings, the industrial parts group chaired by South African billionaire Christo Wiese, expects headline earnings per share to fall by up to 29%.
American billionaire Dario Amodei's Anthropic IPO set to turn staff into millionaires
Anthropic, led by billionaire siblings Dario and Daniela Amodei, is heading for a Nasdaq listing that will turn many of its 5,300 employees into millionaires.
Namibian oil tycoon Knowledge Katti's Sintana Energy stake falls by $3.2 million
Namibian oil tycoon Knowledge Katti's stake in Sintana Energy has lost about $3.2 million in a year after the explorer's shares fell 37%.
American billionaire Rupert Murdoch beats Trump's $10 billion Epstein letter lawsuit
A federal judge in Miami dismissed Donald Trump's defamation lawsuit against Rupert Murdoch and the Wall Street Journal with prejudice, ending the Epstein letter case.
Billionaire Magic Johnson-backed insurer lent $2.3 billion tied to Dodgers owner
Amistad Financial Group, in which Magic Johnson holds a minority stake, lent about $2.3 billion tied to Dodgers owner Mark Walter. Johnson is not accused.
Spanish billionaire Sandra Ortega's $280 million Portugal resort opens in May 2027
Na Praia, the beach resort backed by Zara heiress Sandra Ortega on Portugal's Tróia peninsula, opens on May 1, 2027, with suites from €1,323.
American billionaire Gwynne Shotwell gives 2 million SpaceX shares to children
SpaceX president Gwynne Shotwell and her husband are giving more than 2 million SpaceX shares to children from lower-income areas through Trump Accounts in December.
American billionaire investor Nelson Peltz offers $1.4 billion to buy Wendy's
Nelson Peltz's Trian, which owns 16.3% of Wendy's, has offered $7.35 a share in cash to take the struggling burger chain private.
Late Italian billionaire Giorgio Armani's fashion house weighs LVMH, L'Oréal for 15% stake
The fashion house built by late Italian billionaire Giorgio Armani is weighing LVMH, L'Oréal and EssilorLuxottica as buyers for the first 15% of the company.
Burkinabe billionaire Idrissa Nassa's Coris Bank posts $106 million nine-month profit
Coris Bank International, the lender founded by Burkinabe billionaire Idrissa Nassa, raised nine-month profit 17.8% to $106 million as customer deposits surged.
Indian billionaire Mukesh Ambani's Reliance posts record $3.1 billion second-quarter profit
Reliance Industries, led by Indian billionaire Mukesh Ambani, posted record second-quarter profit of $3.1 billion as fuel margins soared and Jio reported its first results.
American billionaire Elon Musk's SpaceX loses $500 billion in value in a month
SpaceX shares fell to a nine-week low of $135.90, wiping more than $500 billion off the market value of Elon Musk's rocket and AI company.
Nigerian oil tycoon Wale Tinubu's Oando posts $55 million nine-month pre-tax loss
Wale Tinubu's Oando posted a ₦74.7 billion pre-tax loss in the first nine months of 2026 as interest costs wiped out a recovery in operations.
Eswatini's King Mswati III plans a 50,000-seat football stadium
Eswatini's King Mswati III said the country will build a 50,000-seat national stadium, up from the 40,000 seats he ordered in May.