Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
Nigeria
Nigerian billionaire Aliko Dangote is back on top as Africa’s richest man
Dangote’s return to the top of the continent’s richest list follows a surge in his net worth, as reported by Forbes.
Nigerian tycoon Fidelis Ayebae loses over $1 million from Fidson stake
Ayebae owns an impressive 33.1-percent stake in Fidson Healthcare.
Segun Agbaje, one of Nigeria’s richest bankers, holds $1.3-million stake in PepsiCo
In addition to his stake in PepsiCo, Agbaje maintains a 0.14-percent minority stake in GTCO.
Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.
Nigerian venture capitalist Olumide Soyombo set to release memoir
Soyombo, one of Nigeria’s most prominent venture capitalists, wrote early checks for Paystack and Piggyvest.
High court freezes assets of Nigerian energy billionaire Ambrosie Bryant Orjiako
Orjiako owns a significant 6.4-percent stake in Seplat Energy Plc, one of Nigeria’s largest energy companies.
Nigerian banker Herbert Wigwe’s Access Holdings pours $7 million into Kenyan unit
Earlier this year, under Wigwe’s leadership, Access Holdings pledged a substantial $300-million capital investment to its flagship subsidiary.
7 assets owned by Nigerian billionaire Mike Adenuga
Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
7 assets owned by Nigerian multimillionaire Ernest Azudialu-Obiejesi
Azudialu-Obiejesi is a towering figure in the nation’s energy landscape.
Nigeria’s richest banker gains $9.9 million in just eight days
These impressive gains further solidify Ovia’s status as Nigeria’s richest banker and one of the richest investors on the NGX.
5 wealthy supermarket and retail chain owners in Africa
Their prowess has not only caught the attention of Western retailers seeking new avenues for growth but has also steered the course of Africa’s retail evolution.
Dangote’s half-brother Sayyu Dantata’s oil firm posts $3-million half-year profit
Dantata, a multimillionaire businessman and half-brother of Nigerian billionaire Aliko Dangote, is the majority owner of MRS Oil Nigeria.
Dangote’s investment portfolio soars above $7.3 billion on Nigeria’s stock market
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.
Greek tycoon John Coumantaros faces $18.9-million loss from Flour Mills shares
Coumantaros, a Greek business magnate is among the richest industrialists on the Nigerian Exchange.
Abdul Samad Rabiu donates vehicles worth $650,000 to drug enforcement agency
The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.