Femi Otedola’s Geregu Power sets milestone with audited results as market cap hits $1 billion
Geregu Power is the first NGX-listed company to publish its audited financials in 2023.
Featured
Kenyan banker-turned-politician Peter Kenneth, others to pocket $40 million from Mayfair Bank sale
Mayfair Bank was established in June 2017 by a consortium of prominent investors led by Kenneth.
Mining mogul Quinton van der Burgh’s QGC teams up with Marula to mine future metals
Van der Burgh is a wealthy South African mining magnate and serial entrepreneur.
Beyonce’s net worth more than doubles to over $450 million in eight years
Beyonce’s success extends far beyond her music empire.
Kanye West faces new hurdle in business and personal life as Australian visa denial looms
The potential denial of a visa may be the latest in a long list of repercussions facing Kanye West.
Meet Mohammed Dewji, Tanzania’s ‘King of Wealth,’ with $1.5-billion net worth
Dewji showcases his philanthropic spirit through his role as the founder and financier of the Mo Dewji Foundation.
Three assets that make Rihanna America’s youngest self-made billionaire
Rihanna’s success can be attributed to her flourishing cosmetics line, Fenty Beauty, her music career, and Savage X Fenty.
Nigerian billionaire heiress Bella Disu builds shopping mall in Lagos
Disu is the daughter of Nigerian billionaire Mike Adenuga.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses $800-million market cap on NGX
Geregu Power is a power-generating company.
Nigerian billionaire Mike Adenuga has now gained $600 million so far in 2023
Adenuga owns a 74.4-percent stake in Conoil.
Nigerian entrepreneur and energy tycoon Michael J. Prest ventures into renewable energy
Prest is the founder of Petrodel and Bank of Nevis International.
Aliko Dangote’s group says $19-billion refinery will be unveiled before Buhari’s term ends
Dangote is set to become the first Black person in history to lay claim to a $30-billion fortune.
Robert Smith remains America’s richest Black billionaire with $11.9-billion net worth
Smith is the founder of one of the biggest U.S. tech-focused private equity firms, Vista Equity Partners.
Aliko Dangote’s stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos
Dantata is the founder and chairman of MRS Holdings Company Limited.
South African pharma tycoon Stephen Saad gains $37.1 million from Aspen shares
Saad owns a significant 12.5-percent stake in Aspen Pharmacare Holdings.
Jim Ovia gains $61.3 million in 110 days as Zenith Bank shares rise 29 percent on NGX
Ovia owns a 16.2-percent stake in Zenith Bank.