Over $20 million vanishes from Nigerian tycoon Victor Odili’s MTN Nigeria stake in a month
Victor Odili, regarded as one of Nigeria’s wealthiest businessmen, has a 3.96 percent stake in MTN Nigeria.
Nigeria
Nigerian banker Herbert Wigwe’s Access Holdings gains majority control of Angolan bank, Finibanco
Wigwe holds a 9.09-percent stake in Access Holdings, or 3,230,789,014 ordinary shares.
Sean ‘Diddy’ Combs unveils innovative e-commerce platform to empower Black entrepreneurs
Combs expressed his mission to empower Black entrepreneurs by providing them with the necessary resources to build successful businesses.
Shell alleges Nigerian billionaire Benedict Peters’ Aiteo owes $2.6 billion in oil loans
In the face of the recent lawsuit, Peters is scheduled to hold a crucial meeting with officials from the Zimbabwean government.
Dangote’s sugar business to merge with rice- and salt-processing outfits, creating giant food conglomerate
The merger between Dangote Sugar and Nascon, along with Dangote Rice, is among the matters to be deliberated during the upcoming board of directors meeting.
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’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.