Kevin Hart becomes shareholder in $32 billion Authentic Brands Group
Kevin Hart joins $32 billion Authentic Brands Group as shareholder, expanding his global media, lifestyle, and fitness ventures.
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Nigerian oil mogul Mohammed Indimi gains $22 million from Jaiz Bank stake in 2025
Jaiz Bank’s shares rose sharply in 2025, lifting Mohammed Indimi’s stake by $22 million amid stronger earnings and a firmer naira.
Aliko Dangote’s $20 billion refinery warns fuel prices may double in Nigeria
Dangote Refinery says petrol prices could rise to N1,400 per liter if Nigeria relies on imports instead of local refining.
Nigerian energy tycoon Tope Shonubi's Sahara Group plans 7,000 MW expansion
Sahara Power targets 6,500 to 7,000 megawatts in three to five years, backed by policy reforms, debt repayment and new energy investments.
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.
Idrissa Nassa opens $1.33 million amphitheater in Burkina Faso
Burkinabe businessman Idrissa Nassa opens a $1.33 million amphitheater to enhance education and professional training.
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.
Algerian tycoon Abderrahmane Benhamadi’s Condor enters Egyptian market under $1 billion expansion plan
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $10.16 million profit
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts record profit of N14.54 billion ($10.16 million) in 2025.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.
South African billionaire Michiel Le Roux gains $1.1 billion from Capitec in 2025
Capitec Bank’s 2025 share rally lifted Michiel Le Roux’s stake by $1.1 billion, boosted by strong earnings and a firmer rand.
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.
Tanzanian billionaire Rostam Aziz to invest $500 million in Zambia’s energy sector
Rostam Aziz’s Taifa Group plans to invest over $500 million in Zambia, targeting gas, solar power and mining to ease energy gaps.