Aliko Dangote to pocket $615 million from cement dividend
Aliko Dangote will take home $615.83 million in dividends from his 86-percent share in his cement business for 2020.
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South African Exxaro Resources mining giant names CEO designate
Exxaro Resources has announced Nombasa Tsengwa as its new CEO-designate.
Abdul Samad Rabiu donates $500,000 to Sokoto State University
The Nigerian billionaire has donated N200 million ($525,250) to construct an ICT faculty building at Sokoto State University
Zenith Bank founder Jim Ovia makes $23.35 million during pandemic
In February, Zenith Bank’s Board of Directors declared its final dividend for 2020 on the Nigerian Stock Exchange.
Nigerian tycoon Oba Otudeko loses $976K in one day from stake in flour mill
Honeywell Group owner Obafoluke Otudeko has recorded a huge loss through his stake in his flour subsidiary.
Innocent Chukwuma’s IVM distances itself from Zugacoin
Nigerian cryptocurrency founder Archbishop Sam Zuga has made bold claims about the “partnership.”
Egyptian real estate tycoons keep busy during COVID-19 pandemic
Ever wonder what your favorite Egyptian real estate billionaires have been up to during the COVID-19 pandemic?
James Mwangi’s Equity Group receives $100 million facility from European development banks
Equity Group is collaborating on the facility with leading European development banks.
Aliko Dangote to earn $23.64 million in dividends from sugar refinery
The sugar industry is highly lucrative for the key players on the Nigerian market.
Technoking, Master of Coin: New titles for Tesla CEO and CFO
Elon Musk has announced new corporate titles for himself and Zach Kirkhorn.
Nigerian Billionaire Tony Elumelu set to pocket $3.3 million in dividends from United Bank of Africa
UBA Chairman Tony Elumelu set to earn $3.3 million from his shares in the bank.
FIFA names Patrice Motsepe president of Confederation of African Football
Patrice Motsepe takes the reins of the CAF after a turbulent decade marked by accusations of corruption.
Valued at over $1 billion, Flutterwave mulls dual listing on NSE, NYSE
Flutterwave is considering expansion on the local market and abroad.
Death sentence for Congolese whistleblowers sends Israeli mining tycoon back to U.S. sanctions regime
Two whistleblowers have been handed the death sentence after speaking out against a DRC bank.
Fugitive multimillionaire pastor Shepherd Bushiri faces extradition to South Africa
Pastor Shepherd Bushiri could soon be extradited from his home in Malawi.
Oil tycoon Uju Ifejika faces ire from Nigerian gas association over anti-labor practices
PENGASSAN has accused Brittania-U of anti-labor practices.