Nigerian billionaire Femi Otedola now owns 18.12% stake in First HoldCo
Femi Otedola has raised his combined stake in First HoldCo to 18.12%, adding to his influence in a major banking group.
Central and West Africa
The £2 Million Question: What Really Happened at Harrods? How the Diezani Alison-Madueke trial became a masterclass in narrative inflation
On trial in London, Diezani Alison Madueke is cast as a symbol of graft. Her defenders say the story has often outrun the evidence.
Burkinabe tycoon Idrissa Nassa taps former Endeavour Mining chief to run Mansa Resources after Hummingbird takeover
Idrissa Nassa has hired former Endeavour Mining CEO Sebastien de Montessus to lead Mansa Resources and restart mines acquired from Hummingbird.
Dangote brings MTN Group CEO Ralph Mupita onto fertiliser board as IPO plans gather pace in Nigeria
Dangote Industries tapped MTN Group CEO Ralph Mupita for its fertiliser board as it moves toward expansion and a planned NGX listing.
Nigerian Energy tycoon Olakunle Williams' Tetracore Energy Group commissions Ghana's first Gas Virtual Pipeline Network CNG Facility
Tetracore Energy Group has launched Ghana’s first compressed natural gas facility in Tema, a $15m project built to scale supply and cut emissions.
Tetracore Energy Group charts next phase of growth with gas-to-liquids and ammonia-urea expansion
Tetracore Energy Group Limited is advancing plans to diversify into Gas-to-Liquids (GTL) and ammonia-urea fertilizer production, aiming to deepen Nigeria’s gas-based industrial economy.
Indian father and son hold $186 million stake in Nigeria’s Mecure Industries as shares surge 239%
Mecure shares surged 239% in under three months, pushing Samir and Arjun Udani’s combined stake to about N266.7 billion.
Aliko Dangote seeks Sassou Nguesso’s support for Congo potash project
Aliko Dangote has approached Congo’s president about backing a potash mining project as he looks to secure fertiliser inputs regionally.
Cameroonian President Paul Biya leans on billionaire Baba Danpullo to restart talks with rival Tchiroma after disputed election
Cameroon’s leadership is leaning on tycoon Baba Danpullo to quietly reconnect President Paul Biya with rival Issa Tchiroma Bakary.
Senegalese billionaire Yerim Sow launches LYNEA as Teyliom expands Dakar housing push
Yerim Sow’s Teyliom Properties has launched LYNEA and is pushing ahead with more Senegal housing projects aimed at families and diaspora investors.
No respite for Ernest Azudialu-Obiejesi as court of appeal sacks Wole Olanipekun SAN as consortium of banks tighten their grip on Nestoil and Neconde
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.
How Nigerian businessman Denzel Henry Akogwu built Elipse International Ltd into one of Africa’s Rising Mining and Mineral Powerhouses
Elipse International Ltd is a leading Nigerian indigenous mining and mineral trading company offering integrated exploration, processing, testing, logistics, and export.
Olakunle Williams' Tetracore Energy Group honoured with first indigenous energy excellence & strategic award by Nigeria House Davos
Tetracore Energy Group has received the Indigenous Energy Excellence & Strategic Award from Nigeria House Davos, recognising its impact on Nigeria’s gas and power infrastructure and indigenous leadership.
Nigerian oilman Wale Tinubu predicts electric vehicles could make up half of country’s fleet within 20 years
Oando chief Wale Tinubu predicts electric vehicles could reach half of Nigeria’s fleet within 20 years as costs drop.
Olakunle Williams' Tetracore Energy Group scales gas infrastructure, delivers measured growth
Tetracore Energy Group, led by Dr. Olakunle Williams, scales Nigeria’s CNG infrastructure as Atakobo throughput rises from 3.1 to 7.64 MMSCFD, supplying major industries including Dangote.
Nigerian monarch and energy tycoon Obateru Akinruntan plans 200 Obat Oil stations in nationwide expansion
Obat Oil, owned by Nigeria’s Olugbo of Ugbo Kingdom, targets 200 stations, leaning on Apapa tank farms, a jetty and tech upgrades.