Nigerian oilman Wale Tinubu gets lifetime award at Africa Energy Week as local champions gain spotlight
Oando chief Wale Tinubu was honored with a lifetime achievement award at Africa Energy Week for shaping indigenous energy growth.
Central and West Africa
Nigerian gas tycoon Julius Rone nears FID on $5 billion FLNG project with Vitol as key buyer
At Africa Energy Week 2025 in Cape Town, Rone confirmed the $5 billion FLNG project is nearing FID, with Vitol and Seplat on board.
Nigerian multimillionaire oil trader Mustapha Fasinro’s Linetrale wins NNPC LNG tender
Mustapha Fasinro’s Linetrale secures LNG cargoes from NNPC, signaling a rare breakthrough for a Nigerian firm in the international gas market.
Court stops oil union strike against Dangote refinery
A Nigerian court halts PENGASSAN’s planned strike against Dangote Refinery amid warnings of sabotage and fuel supply risks to Africa’s biggest economy.
Dangote lashes out at Nigerian oil union over ‘economic sabotage’
Africa’s richest man accuses Nigeria’s powerful oil union of decades-long sabotage, blaming it for energy shortfalls and hardship for millions of citizens.
Nigerian billionaire Abdul Samad Rabiu hails President Tinubu’s reforms for economic gains
BUA Chairman Abdul Samad Rabiu praises Tinubu’s reforms for stabilizing the naira, lowering food prices and encouraging private-sector investment despite ongoing economic pressures.
Nigerian tycoon Tein Jack-Rich’s Belemaoil struggles as wife’s Elin Air takes off
Belemaoil struggles with low output on OML 55 while Elizabeth Jack-Rich’s Elin Group gains ground in Nigeria’s aviation sector, redefining the Jack-Rich business empire.
Tony Elumelu set to pocket $1.11 million dividend as UBA profit climbs in H1 2025
Tony Elumelu nets over US$1.1 million as UBA posts modest profit growth and boosts asset base in tough economic climate.
Kola Aluko resurfaces promoting Los 7 Ángeles tequila—is this the exiled tycoon’s next act?
Former oil tycoon Kola Aluko aggressively promotes Los 7 Ángeles tequila on Instagram, sparking speculation about a potential investment or new business chapter.
Ghanaian tycoon Daniel McKorley says quiet hustle, not social media noise, builds empires
Daniel McKorley urges entrepreneurs to shield early-stage ventures from scrutiny, crediting “building in silence” for McDan Group’s rise across logistics, aviation, shipping, and mining.
Burkina Faso’s richest man begins work on 244km Gabon road link to boost trade
EBOMAF, led by Burkinabe entrepreneur Mahamadou Bonkoungou, begins a 244-km Yombi–Mandji–Omboué road project in Gabon, promising jobs, infrastructure upgrades, and stronger provincial links.
Cameroon's richest woman Kate Fotso shuts Telcar Cocoa plants amid bean crisis
Kate Fotso has suspended Telcar Cocoa’s operations in Cameroon, citing a bean quality crisis that threatens both local farmers and global chocolate supply.
Nigerian-Lebanese billionaire Bassim Haidar scores big as Klarna IPO surges
Nigerian-Lebanese billionaire Bassim Haidar’s Knuru Capital bet on Klarna years ago. Klarna’s New York debut likely turned that stake into millions.
Nigerian media mogul Nduka Obaigbena faces pressure as court revives First Bank loan dispute
A Nigerian appellate court revived First Bank’s loan battle tied to Arise TV founder Nduka Obaigbena, intensifying scrutiny of his embattled media empire.
Burkinabe billionaire Idrissa Nassa seals deal to acquire TotalEnergies Burkina
Idrissa Nassa’s Coris Invest Group has acquired TotalEnergies Burkina, marking a historic shift toward African ownership in the energy sector.
The quiet power of Christian Kerangall, Gabon’s richest man
Christian Kerangall, Gabon’s richest man, turned quiet dealmaking into an empire spanning banks, retail, and utilities—shaping the nation’s economy for generations.