Africa's richest man raises $2.5 billion in private placement before landmark refinery IPO
Aliko Dangote has raised $2.5 billion in a private placement ahead of his Nigerian refinery's IPO, set to become the largest in African history.
NGX
Nigerian tycoon Aderemi Makanjuola's Caverton narrows loss to $10 million as revenue slides 40%
Caverton Offshore, founded by Aderemi Makanjuola, cut its pre-tax loss 74% to $9.98 million in 2025, though revenue fell 40% and debt climbed.
First HoldCo shareholders approve billionaire Femi Otedola's N1 trillion capital plan at today's AGM in Lagos
FirstHoldCo shareholders approved the N253 billion capital raise at today's 14th AGM, clearing the path for Femi Otedola's N1 trillion paid-up capital target for First Bank of Nigeria.
Nigerian energy mogul Ahonsi Unuigbe pushes NGX cross-listing talks in Dubai
Ahonsi Unuigbe deepens ties between Nigeria’s markets and Dubai to unlock global capital for African energy firms.
Nigerian banker Adaora Umeoji-led Zenith Bank lists 9.67 billion shares on NGX after hybrid offer
Zenith Bank adds 9.67 billion shares on NGX, capital boost meets CBN requirement.
Nigerian tycoon Tony Elumelu’s stake in UBA sheds $6.8 million, as shares plunge on NGX
Elumelu is on track to pocket another sizable dividend in 2023.
Nigerian billionaire Femi Otedola’s Geregu Power sheds $62 million in 24 hours
Geregu Power is majority owned by Nigerian billionaire Femi Otedola.