Nigeria tycoon Tunde J. Afolabi's Amni denies receivership, says court order in Cenroc dispute is being misread
Amni says a court order in its Cenroc dispute does not place the firm in receivership and insists operations continue normally.
Central & West Africa
Globacom donates N1 billion to Lagos security fund as billionaire Adenuga backs safer city push
Globacom donated N1 billion to the Lagos State Security Trust Fund, a major boost tied to founder Mike Adenuga’s long record of big giving.
Nigerian billionaire Femi Otedola says Dangote refinery could expand to 1.4 million barrels a day as output ramps up
Femi Otedola toured the Dangote refinery and said capacity could expand to 1.4 million barrels a day, calling the project “history made.”
Report says Jeffrey Epstein explored Nigeria oil trade, then walked away over fraud fears
A report says Jeffrey Epstein explored a Nigerian crude deal in 2010 but pulled back, telling an associate he feared being defrauded.
Tony Elumelu says Tinubu wants faster power reforms and bigger support for young entrepreneurs
Tony Elumelu says President Bola Tinubu pledged faster power reforms and stronger support for entrepreneurs as Nigeria works to steady the economy.
IFC eyes $8 million stake in Adesuwa Okunbo Rhodes’ Aruwa Capital SME fund
IFC is weighing an $8 million stake in Aruwa Capital Fund II, boosting Adesuwa Okunbo Rhodes’ push to finance women focused SMEs in West Africa.
Nigerian oil tycoon Tunde J. Afolabi's Amni Petroleum in trouble over $15 million debt
A Lagos court appointed an administrator over Amni Petroleum assets in a debt dispute, a move the company says is being challenged.
Burkinabe finance tycoon Simon Tiemtore completes acquisition of Saham Assurances Niger
Vista Group says it has bought Saham Assurances Niger and will relaunch it under the Vista name as it builds a West African insurance network.
Billionaire Femi Otedola predicts stronger naira as Dangote Refinery reaches full capacity
Investor Femi Otedola believes the naira may strengthen significantly as Dangote Refinery’s full-scale operations reduce fuel imports and ease forex pressure
SIFAX Chairman Taiwo Afolabi drives ports and cargo turnaround after strategic reset
SIFAX Chairman Taiwo Afolabi has steered Ports and Cargo back to growth after restructuring stevedoring operations and refocusing on general cargo.
Tony Elumelu's UBA overhauls agency network to capture Nigeria’s booming POS market
UBA rolls out a new aggregator framework and RedPay incentives to expand agency banking and deepen its digital payments footprint.
Africa's richest man Aliko Dangote hails customers as the foundation of his business empire
Dangote tells partners that customer loyalty remains the foundation of the group’s expansion, supply chain upgrades and profit growth.
Sam Darwish's IHS Towers exits Brazil Fibre market in $452 million Deal
IHS Towers CEO Sam Darwish has signed a deal to exit Brazil fibre market, selling a majority stake in I Systems for $452.6 million.
Conoil records weakest profit in five years as borrowing costs grow
Conoil records its weakest profit in five years as surging finance costs and slowing fuel sales weigh heavily on earnings.
Billionaire Femi Otedola applauds Dangote as refinery hits full capacity
Femi Otedola has praised Aliko Dangote after the refinery reached 650,000 barrels per day, calling the milestone transformational for Nigeria economy.
BUA Foods names Khalifa Rabiu head of global procurement and operations
BUA Foods has appointed Khalifa Rabiu to lead global procurement and operations, reinforcing its focus on supply chain efficiency and operational performance