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.
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Femi Otedola urges higher minimum as FirstBank hits $346 million capital target
FirstBank reaches $346 million minimum; Femi Otedola urges raising international banking capital to $692 million.
Nigerian executive Wola Joseph-Condotti-led West Power exits Eko DisCo in $250 million deal
West Power, led by Nigerian executive Wola Joseph-Condotti, has sold its 60 percent stake in Eko DisCo in a N360 billion, $250 million transaction.
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.
Aradel Holdings, led by Adegbite Falade, completes 40% stake acquisition in ND Western
Aradel completes 40 percent ND Western acquisition, strengthens OML 34 influence, and grows Nigerian oil and gas presence.
Nigerian banker Segun Agbaje-led GTCO to raise $6.8 million in private placement
GTCO plans $6.9 million private share placement, approved by CBN and SEC under Segun Agbaje’s leadership.
Nigerian tycoon Fidelis Ayebae gains $4.2 million from Fidson stake
Fidelis Ayebae gains $4.2 million as Fidson Healthcare shares rally on the Nigerian Exchange, lifting the value of his 33.1% stake.
Tanzanian billionaire Rostam Aziz clears legal hurdle for Mombasa LPG terminal
Rostam Aziz clears legal hurdle for $130.5 million Mombasa LPG terminal, boosting Kenya's regional energy supply.
Nigerian businessman Tony Elumelu’s Heirs Energies buys 20% of Seplat for nearly $500 million
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Kenyan businessman Julius Mwale halts contractor payment with deposit
Kenyan businessman Julius Mwale pauses contractor payment with $132,400 deposit while appealing a road dispute at MMTC.
South African pharma tycoon Stephen Saad’s Aspen to sell Asia-Pacific assets for $1.59 billion
Stephen Saad’s Aspen will sell most Asia-Pacific operations for $1.59 billion as the drugmaker trims debt and reshapes its global footprint.
Burna Boy’s “I Told Them…” tour tops $30.5 million, tracking site says
Burna Boy’s “I Told Them…” tour grossed $30.46 million from 302,801 tickets, Touring Data reports, a new high point for African touring.
Investment firm backed by Egypt's billionaire Sawiris family in talks to acquire Bugatti stake
Sawiris-backed HOF Capital and BlueFive are in talks to buy Porsche’s Bugatti Rimac stake, with a deal valued around $1.2 billion.