Nigerian billionaire Abdulsamad Rabiu drives FX loss cut as BUA Foods profit hits N507.73bn
BUA Foods sharply reduced FX losses in 2025 as disciplined operations and energy diversification lifted profit to N507.73 billion.
Central and West Africa
Senegalese comedian Khaby Lame’s leap into billionaire territory sparks global buzz
Following the announcement, Rich Sparkle’s shares exploded, climbing more than 650% within days
Nigerian billionaire Folorunsho Alakija awards $215,000 in grants to women entrepreneurs
Folorunsho Alakija’s Flourish Africa chose 100 women for 3 million naira grants after training, business plans and competitive pitches.
Nigerian billionaire Abdulsamad Rabiu tops stock gains in 2025, beats Dangote
Abdul Samad Rabiu emerged as Nigeria’s biggest stock market winner in 2025, overtaking Aliko Dangote as soaring share prices lifted billionaire fortunes.
Nigerian businessman Matthew Tonlagha signs $720,000 U.S. lobbying deal as Abuja courts Washington
Matthew Tonlagha, a Tantita Security Services executive, signed a six month $720,000 lobbying deal in Washington to boost U.S. Nigeria ties.
Nigerian billionaire Aliko Dangote's refinery secures new NNPC gas deals to power global expansion
Dangote Group has secured new gas supply agreements with NNPC units to support refinery expansion as Nigeria works to raise gas production.
Nigerian lawyer Gbenga Oyebode-led Okomu Oil’s profit nearly doubled in 2025 on strong palm oil sales
Okomu Oil Plc nearly doubled its 2025 net profit to N63.5 billion, driven by strong palm oil sales and favorable global prices, boosting revenue and margins
Wale Tinubu’s Oando grows profit 10 percent as upstream output jumps in 2025
Oando Plc posted a stronger profit in 2025 as rising oil and gas output offset lower revenue from trading shifts and strategic portfolio realignment.
Billionaire Aliko Dangote's refinery targets 75 million litres daily petrol supply
Dangote Refinery outlined petrol, diesel and aviation fuel volumes that exceed Nigeria’s estimated demand, according to figures released by the company.
Emeka Agbanari and the Seaman Group: How an Anambra industrialist built scale in mining, construction and energy services
Emeka Agbanari built Seaman Group in mining and construction, then diversified into energy services and scholarships, earning a national honour along the way.
Nigerian auto magnate Innocent Chukwuma's Innoson plans new plant for CNG trucks and electric vehicles
Innoson says a new Nnewi plant will build CNG trucks and electric vehicles, adding 2,000 jobs and a youth training scheme.
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.
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.