Family office of Morocco's King Mohammed VI appoints new CEO
Morocco’s Al Mada promoted deputy CEO Noufissa Kessar after Hassan Ouriagli’s death, betting on continuity at one of Africa’s biggest investors.
Central and West Africa
Nigerian businessman Abdulaziz Yari’s Ma'am Energy set for $12 million Geregu Power dividend payout
Geregu Power’s N9 dividend hands Ma'am Energy a N17.325 billion payout, boosting Abdulaziz Yari’s profile in Nigeria’s power sector.
Five years on, Elumelu's Heirs Energies reshapes Nigeria’s OML 17 with production gains and discipline
Five years after assuming control of OML 17, Heirs Energies points to production growth, safety milestones and financial discipline as proof of its operating model.
Nigerian billionaires Bayo Ogunlesi, TY Danjuma and Hakeem Belo-Osagie lose out on TotalEnergies’ 10% Nigeria stake
Well-funded bids by Nigeria’s richest investors fell apart as VAARIS Resources quietly secured TotalEnergies’ stake in a major oil joint venture.
Nestoil, Neconde and Ernest Azudialu’s appeals suffer defeat as the Supreme Court orders them back to the Court of Appeal
The Supreme Court halted multiple appeals, directing parties back to the Court of Appeal and warning lawyers that debt recovery disputes should focus on repayment, not delays.
Nigerian billionaire Abdul Samad Rabiu offers cash bonuses to Super Eagles after Algeria win
Rabiu promised $500,000 for a semifinal win and $1 million for the title, adding extra payments for every goal scored.
Nigerian businessman Nzan Ogbe's Levene Energy secures $64 million Afreximbank loan for Axxela stake
Afreximbank approved a $64 million facility for Levene Energy as founder Nzan Ogbe pushes deeper into Nigeria’s gas infrastructure.
Aliko Dangote petitions anti-corruption agency to probe ex oil regulator Farouk Ahmed
Dangote has asked Nigeria’s EFCC to investigate former oil regulator Farouk Ahmed, escalating a dispute over alleged lavish spending and abuse of office.
Oil tycoon Wale Tinubu salutes Otedola, Elumelu deals reshaping Nigeria’s energy sector
Wale Tinubu’s post praising Otedola and Elumelu spotlights two late 2025 megadeals and a fast changing pecking order in energy.
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.
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.
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.
Olugbenga Agboola's Flutterwave acquires open banking startup Mono for over $25 million
Flutterwave CEO Olugbenga Agboola says buying Mono ties payments and open banking together, aiming to unlock faster lending and safer account transfers.
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.