Billionaire Aliko Dangote's group unveils vision 2030 to boost local production in Nigeria
Dangote Group outlines Vision 2030 roadmap to expand local manufacturing, strengthen supply chains and cut Nigeria’s import dependence.
Central & West Africa
Dangote signs $400 million deal with XCMG China to speed refinery expansion to 1.4 million barrels a day
Dangote Group signed a $400 million equipment agreement with China’s XCMG, aiming to speed refinery expansion and scale petrochemicals and fertilizer output.
Nigerian billionaire Abdul Samad Rabiu climbs to fourth richest in Africa as fortune hits $11.3 billion
Abdul Samad Rabiu has climbed to fourth place among Africa’s richest individuals after his wealth surged to $11.3 billion
Billionaire Abdul Samad Rabiu's BUA Signs Major UAE Port Deal to Boost Sugar and Trade Links
BUA Group signs MoU with AD Ports Group and MAIR Group to develop sugar refining and logistics hub in UAE
Aliko Dangote's refinery now supplies 62 percent of Nigeria's petrol demand
Aliko Dangote refinery supplied 62 percent of Nigeria petrol demand in January 2026, overtaking imports in a major energy milestone.
Flutterwave CEO Olugbenga Agboola joins $22 million Terra round as Nigeria defense tech targets Sahel markets
Flutterwave CEO Olugbenga Agboola joined a $22 million round for Terra Industries, a Nigerian defense tech startup expanding into high risk Sahel markets.
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.
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.