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.
Central & West Africa
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.
IFC weighs $100 million loan to back Coris buyout of Cabo Verde’s top bank
IFC is weighing a $100 million loan to back Idrissa Nassa’s Coris Holding as it finances a majority takeover of Cabo Verde’s BCA.
Burkinabe mogul Idrissa Nassa looks to establish Coris Bank in Gabon
Idrissa Nassa met Gabon’s president as Coris Bank confirmed plans to expand into the country and finance priority projects.
Africa's richest man says Dangote Refinery IPO could happen before July
Aliko Dangote says Nigerians may be able to buy shares in his refinery by July, opening the project to wider local ownership.
Madagascan billionaire Hassanein Hiridjee pushes into Nigeria's clean energy market
Hassanein Hiridjee’s AXIAN is expanding into Nigeria through WeLight, targeting hundreds of mini grids in a major clean energy push.
Vanity Fair revives scrutiny of billionaire Dan Gertler’s Congo mining deals as cobalt politics intensify
Vanity Fair’s new Dan Gertler feature revisits his Congo mining rise, sanctions history and role in the global scramble for cobalt.
Tycoon Tony Elumelu’s Heirs Energies sits on $186 million Seplat paper gain in under two months
Heirs Energies is up about $186.6 million on paper on its Seplat stake, bought in December as Nigerian independents expand.