Nigerian billionaire Abdul Samad Rabiu's BUA Foods posts $330 million nine-month profit
BUA Foods, controlled by Nigerian billionaire Abdul Samad Rabiu, raised nine-month profit 11% to ₦450.5 billion as lower costs lifted its margins.
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.
American billionaire Mark Zuckerberg’s $170 million Miami mansion next to Jeff Bezos comes with a residency catch
Mark Zuckerberg paid $170 million for a Miami mansion next to Jeff Bezos, but a Meta board agreement keeps him a California resident for eight years.
Indian billionaire brothers Nitin and Chetan Sandesara buy Eni's 5% stake in Nigerian oil venture
Sterling Oil, owned by Indian tycoons Nitin and Chetan Sandesara, has bought Eni's Nigerian onshore unit and its 5% stake in the Renaissance oil venture.
South African billionaire Patrice Motsepe earned $1.7 million before stepping back at ARM
Patrice Motsepe was paid R28.5 million for his last seven and a half months as executive chairman of African Rainbow Minerals, its annual report shows.
Russian fishing billionaire Vitaly Orlov sues Norwegian newspaper over sanctions reports
Vitaly Orlov, owner of Russian fishing group Norebo, is suing The Barents Observer, a six-person Norwegian outlet, for defamation in London's High Court.
Minecraft billionaire Markus Persson lists Beverly Hills mansion for $70 million
Swedish billionaire Markus Persson, the creator of Minecraft, has put his Beverly Hills mansion on the market for $70 million, the same price he paid.
Ghanaian waste tycoon Joseph Siaw Agyepong's Jospong signs $46 million Gambia deal
Jospong Group, controlled by Ghanaian tycoon Joseph Siaw Agyepong, has signed a $46 million concession to collect, treat and recycle waste in The Gambia.
Seplat posts $260 million nine-month profit
Seplat Energy, the Nigerian oil producer 21% owned by Tony Elumelu's companies, earned $260.2 million in nine months and lifted its dividend.
American billionaire Elon Musk says SpaceX can build a US mobile network in two or three years
Elon Musk says SpaceX can build a US mobile network in two or three years; Verizon’s CEO says four to six years and $500 billion.
Nigerian billionaire Aliko Dangote in talks to supply fuel to Botswana
Botswana has held talks with Nigerian billionaire Aliko Dangote on fuel from his refinery, as the landlocked nation seeks new sources after a price shock.
Indonesian billionaire Prajogo Pangestu, four other tycoons lose $57 billion in stock rout
Indonesian energy billionaire Prajogo Pangestu and four other tycoons have lost about $57 billion since MSCI first warned it could downgrade Indonesia's stock market.
American billionaire Elon Musk’s SpaceX could get up to $120.5 billion from Anthropic
Anthropic’s IPO filing shows it agreed to spend up to $120.5 billion with SpaceX on compute through 2029, cancellable after early 2027.
American billionaire David Grain's firm sells airwaves to SpaceX for $8 billion
Grain Management, founded by African-American billionaire David Grain, is selling its nationwide 800 MHz airwaves to SpaceX for about $8 billion to power Starlink Mobile.
American billionaire Mark Zuckerberg's Meta plans $97.5 billion stock sale to fund AI
Meta, controlled by billionaire Mark Zuckerberg, priced $37.5 billion of new stock and plans up to $60 billion more for AI data centers.
American billionaire Elon Musk's Tesla sell ratings hit 11-year low on merger hopes
Analysts are turning less bearish on billionaire Elon Musk's Tesla as they bet on a SpaceX merger, with sell ratings at an 11-year low.
American billionaire Taylor Swift becomes youngest member of Nashville Songwriters Hall of Fame
Taylor Swift, 36, a billionaire songwriter, became the youngest member of the Nashville Songwriters Hall of Fame on Monday, inducted by Brad Paisley.