BUA Cement triples 2025 profit to N356bn as Abdul Samad Rabiu’s giant lifts dividend and cuts leverage
BUA Cement’s 2025 profit surged to N356 billion as sales topped N1.17 trillion, prompting a higher dividend and reduced leverage.
Central & West Africa
Ghanaian tycoon Joseph Siaw Agyepong drawn into scrutiny over $130 million Kenyan waste contract
A $130 million Mombasa waste deal tied to Jospong has triggered court petitions and political pressure, putting Joseph Siaw Agyepong in focus.
Billionaire Abdul Samad Rabiu's BUA Group takes Nigeria’s food manufacturing drive to Paris
BUA Group spotlights its food manufacturing capacity in Paris, pushing Nigeria’s ambition to shape global food systems and trade
Aliko Dangote swaps luxury lifestyle for bold Nigeria industrial push
Aliko Dangote gave up luxury cars and global homes to focus on building factories and transforming Nigeria’s industrial future
Regius Capital makes market debut with $20 million Johnvents commercial paper deal
Regius Capital debuts in Nigeria’s debt market, backing Johnvents’ $20 million commercial paper issuance under its broader programme.
Aliko Dangote unveils plan to turn refinery into industrial powerhouse with massive detergent chemical plant
Aliko Dangote has announced a major petrochemical project that will turn his refinery into an industrial hub and position Nigeria as Africa’s largest supplier of detergent raw materials.
Nigerian entrepreneur Seyi Ebenezer’s Payaza targets $33 million in fresh commercial paper offer
Payaza opens a $33 million commercial paper offer to boost working capital and support expansion across its payments network.
Court says Tunde J. Afolabi's AMNI not in receivership, fixes ruling date
Federal High Court clarifies AMNI is not in receivership and sets a date to rule on the stay request in the Cenroc dispute.
Nigerian oil magnate Muhammadu Indimi’s Oriental Energy ordered to pay daughters $43.51 million in dividend feud
A Nigerian court ordered Oriental Energy to pay Mohammed Indimi’s twin daughters $43.51 million, a sharp turn in a bitter family dividend fight.
Aliko Dangote says his refinery can meet Nigeria’s petrol demand and export up to 20 million litres daily
Aliko Dangote says his refinery will supply up to 65 million litres of petrol daily, leaving surplus fuel for export.
Karl Toriola leads MTN Nigeria to record $11.2 billion market value
MTN Nigeria has surged to the top of the Nigerian Exchange as its most valuable listed firm, a milestone widely credited to CEO Karl Toriola’s strategic leadership and investor-focused growth strategy
Nigerian billionaires Aliko Dangote and Abdul Samad Rabiu lead Africa’s billionaire gains in 2026
Dangote and Rabiu post Africa’s strongest billionaire gains in 2026, outperforming Rupert, Oppenheimer and Sawiris on Bloomberg rankings.
Wale Tinubu's Oando launches second tranche of 1.28bn share dividend plan
Oando approves over 600 million shares in second tranche of its 1.28 billion share dividend programme for investors
Nigerian tycoon Taiwo Afolabi expands digital education drive with AI training for Lagos students
Taiwo Afolabi has strengthened his digital education push, training 90 Lagos students in artificial intelligence and practical technology skills.
Nigerian businessman Michael J. Prest’s BONI wins key court rulings in Zambia Investrust dispute
Michael Prest’s BONI won two key High Court rulings in Zambia, preserving its legal challenge over the liquidation of Investrust Bank.
Nigerian auto magnate Innocent Chukwuma's Innoson now employs 8,000 workers nationwide
Innoson chairman Innocent Chukwuma says the company employs 8,000 staff nationwide and plans to add 2,000 more in new factory expansion.