Aliko Dangote sets September IPO launch for $50 billion refinery as pre-orders near $2 billion
Aliko Dangote told reporters at the Lekki refinery the IPO will launch in September with private placement requests already approaching $2 billion.
Central and West Africa
Air Peace's Allen Onyema says Nigerian airlines are bleeding $15 million a year to bird strikes
Allen Onyema says Nigerian airlines lose at least N20 billion annually to bird strikes, with Air Peace recording 49 incidents in just nine months last year.
Idrissa Nassa's Coris Holding joins a $430 billion banking coalition targeting Africa's $50 billion agricultural trade gap
Idrissa Nassa's Coris Holding has joined a 17-institution coalition targeting a $50 billion gap in African agricultural trade financing at the Nairobi summit.
The quiet Benin-born engineer who built a $900 million African oil empire nobody saw coming
A Benin-born engineer who once ran Gabon's hydrocarbons office quietly built a private empire worth nearly $1 billion through Petrolin Group.
Africa's richest man picks Kenya over Tanzania for a $17 billion refinery
Aliko Dangote has shifted his preferred site for a $15-17 billion East African refinery from Tanzania's Tanga port to Kenya's Mombasa.
Asantehene honors Ghanaian tycoon Daniel McKorley with commemorative gold medal on 27th enstoolment anniversary
Ghana's Asantehene Otumfuo Osei Tutu II has honored McDan Group's Daniel McKorley with a commemorative gold medal on his 27th enstoolment anniversary.
Rabiu adds $4 billion to net worth amid industrial expansion
Industrialist Abdul Samad Rabiu sees his fortune climb to $14.6 billion as strategic manufacturing expansions and high demand drive BUA Group growth.
Aliko Dangote's refinery exports 456,000 tonnes of fuel to Ghana, Togo and three other African nations
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.
Jim Ovia's Zenith Bank reclaims Nigeria's most valued lender
Jim Ovia's Zenith Bank Plc reclaimed its position as Nigeria's most valuable lender after shares surged to an all-time high of N111.
Energy tycoon Kola Karim says Iran conflict is a wake-up call and Nigeria must seize the global oil supply gap now
Shoreline Group's Kola Karim says Iran's conflict with the U.S. is the most dangerous supply shock in years and Nigeria must capitalize.
Africa's richest man to fund $1 million scholarhips for Bayero University Postgraduate students
Aliko Dangote has committed N1.5 billion to support postgraduate business students at Bayero University Kano through a five year scholarship scheme.
Share price of FCMB surges near 52-week high after $13.9 million cross deals
FCMB shares rise toward a 52-week high after $13.9 million in cross deals drive heavy trading on the Exchange.
How BUA founder Abdul Samad Rabiu climbed to Africa's fourth richest
How Abdul Samad Rabiu climbed to Africa fourth richest after BUA Foods delivered record profits and added over one billion dollars to his fortune.
Nigerian billionaire Abdul Samad Rabiu, Dangote, and MTN lead big wins at NGX Made of Africa Awards
BUA founder Abdul Samad Rabiu joined Dangote and MTN as industry giants claimed top honours at the NGX Made of Africa Awards in Lagos.
Dangote expands African investment, eyes Burundi opportunities and regional energy deal
Dangote Group is accelerating its pan-African expansion with new investment talks in Burundi and strategic energy negotiations with Ghana and Cameroon
Nigerian billionaire Arthur Eze suffers another loss as Chevron cuts ties with Atlas in Equatorial Guinea
Arthur Eze’s Atlas Petroleum lost its Block I stake after payment disputes with Chevron, as Equatorial Guinea moves to secure gas development.