Africa’s richest man Aliko Dangote loses $3.2 billion in a day as Nigeria’s currency plunges
The devaluation of the Nigerian currency severely impacted Dangote’s assets, including his 86-percent stake in Dangote Cement.
Nigeria
Nigerian oil tycoon Tein Jack-Rich awarded license to build crude oil export terminal
Jack-Rich is the founder of Belema oil Producing Limited, one of Nigeria’s leading indigenous oil exploration and production companies.
Nigeria’s richest banker Jim Ovia rakes in $30 million in just one day
Ovia rakes in $30 million in just one day as Zenith’s market cap surges past $1.85 billion.
Tony Elumelu’s wife, Awele, purchases 7.3 million new Transcorp shares
Awele Elumelu’s prominence extends beyond her investments, as she has made significant contributions to the healthcare sector.
Africa’s fourth-richest man Abdul Samad Rabiu’s net worth skyrockets by $1.6 billion
Rabiu’s net worth skyrockets by $1.6 billion, securing his position among Africa’s wealthiest people.
Wealthy Lawyer Asue Ighodalo acquires $200,000 in Nigerian Brewery shares
Ighodalo is the co-founder of one of Nigeria’s top three commercial law firms and serves as the chairman of Nigerian Breweries.
Nigerian billionaire TY Danjuma earns $500,000 dividend from pharma company
TY Danjuma holds a 43.28 percent stake in May & Baker Plc, the oldest pharmaceutical company on the Nigerian Stock Exchange.
Nigerian ‘tycoon’ Dozy Mmobuosi allegedly running fraudulent company — Hindenburg Research
Mmobuosi is interested in acquiring the English Football League (EFL) club Sheffield United for more than $110 million.
Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu’s company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
Nigerian venture capitalist Adeyemi Ajao named to Forbes Midas List
Ajao, founder and managing partner of Base10 Partners, is the first Black person to make the Forbes Midas List.
MTN Nigeria CFO Modupe Kadri boosts stake with additional 1,031,000 shares
Kadri assumed the role of CFO in March 2020 after an extensive tenure at MTN Nigeria, which began in 2007.
Nigerian billionaire Femi Otedola to pocket $2.17-million dividend from FBNH
Earlier this year, Otedola received an additional $33 million from his power-generating company, Geregu Power.
Nigeria’s richest banker Jim Ovia bolsters stake in Zenith Bank with 5 million new shares
Ovia continues to play a significant role in shaping Nigeria’s financial landscape.
Abdul Samad Rabiu’s net worth surpasses $8 billion with single-day gain of $501 million
With the latest surge of $501 million in his net worth, Rabiu’s year-to-date wealth gains have now reached $1.53 billion.
Nigerian insurance tycoon Wole Oshin loses nearly $2 million in three weeks
Oshin is the founder of Custodian Investment, a Lagos-based investment group.
Nigerian entrepreneur Etop Ikpe’s Autochek acquires stake in Egypt’s AutoTager
Autochek is a digital automotive commerce firm.