Mike Adenuga’s Conoil stake nears $75 million with $22-million boost
Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
Nigeria
Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.
American-Nigerian mogul Sam Darwish’s IHS dragged to court by French firm Wendel
Under the leadership of Darwish, IHS Holding has also witnessed modest growth. The company’s total assets have reached $6.49 billion.
Femi Otedola in talks with Lagos gov’t for Nigeria’s first-ever PPP power transmission project
Otedola expressed his optimism about the talks, which aim to establish Nigeria’s first-ever PPP power transmission project.
Nigerian billionaire Kola Karim donated $65,000 to Conservative Party
Karim, an energy and construction tycoon, joins a list of conservative party donors that include Mohamed Mansour and Amit Lohia.
Dangote nears return as Africa’s richest man as net worth rebounds above $10 billion
At the time of writing, the wealth gap between Dangote and Johann Ruper stands at $1.1 billion.
Berlin-based startup led by Nigerian entrepreneur secures $2.74 million from investors
Propel, a Berlin-based HR tech startup, develops tools that assist tech talent communities in solving their last-mile challenges.
British-Nigerian entrepreneur leads world’s first mobility fintech firm to secure $8 million in additional funding
Moove, co-founded by British-born Nigerian entrepreneurs Delano and Jide Odunsi in 2020, aims to democratize access to vehicle ownership.
Nigerian billionaire Abdul Samad Rabiu takes $3.14-billion hit in just over a month
Rabiu’s net worth is estimated at $5.1 billion, falling short of the $5.16-billion cutoff required to join the world’s 500 richest list.
Greek businessman John Coumantaros loses $3.3 million as stake in Flour Mills plunges
With a 63.34-percent stake in Flour Mills, Coumantaros is one of Nigeria’s most successful and respected business leaders.
7 companies owned by Nigerian multimillionaire Oba Otudeko
Otudeko is the founder and chairman of Honeywell Group, a Nigerian conglomerate with holdings in property, energy and engineering services.
Aliko Dangote’s Dangote Cement unveils $65.8 million share buyback
Dangote Cement, with a production capacity of 51.55 mtpa spread across ten countries, aims to enhance shareholder value through the buyback program.
One of Nigeria’s richest bankers, Herbert Wigwe, gains $14.5 million in 12 days
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
Nigerian multimillionaire Bassim Haidar looks to exit Optasia to focus on cannabis
Haidar is the founder of multinational fintech company Optasia that provides mobile financial services.
10 assets owned by South Africa’s richest woman, Mary Slack
Slack, the granddaughter of Ernest Oppenheimer and elder sister of Nicky Oppenheimer, owns interests in dozens of ompanies.
Nigerian billionaire Igho Sanomi-backed charity to donate $160,000 to needy children
Founded by Nigerian philanthropist Nuhu Kwajafa and backed by Igho Sanomi , GIPLC funds charity projects that uplift vulnerable children in Nigeria.