Nigerian billionaire Femi Otedola urges incoming gov’t to fix electrcity transmission
Otedola is the chairman of Geregu Power Plc, a publicly traded power generating company.
Nigeria
Nigerian businessmen Kola Aluko, Jide Omokore forfeit $53 million to U.S. Justice Department
Aluko and Omokore paid bribes to Nigeria’s former petroleum minister to corner juicy contracts.
Nigerian tech entrepreneur Shola Akinlade buys European football club one year after launching club in Lagos
Akinlade is now the majority owner of Aarhus Fremad.
Nigerian philanthropist Afe Babalola donates $12.2 million to King’s College London to empower African youths
The generous contribution will be used to establish the Afe Babalola African Center for Transnational Education at King’s College London.
Seplat ends contract with Nigerian energy magnate over breaches endangering its $3.5 billion in assets
Seplat parted ways with Orjiako due to multiple material corporate governance breaches.
Meet Richmond Bassey, Nigerian entrepreneur making investment opportunities more accessible for Africans
Bassey is revolutionizing the way Africans can invest in the global capital market.
Herbert Wigwe meets French ambassador to Nigeria amid plans to launch new Access Bank unit in France
This is Wigwe’s second meeting with the ambassador this year.
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.
Nigerian insurance tycoon Wole Oshin’s Custodian Investment posts $25 million in profit in 2023
Custodian Investment is a prominent player in the Nigerian financial services sector.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.
Nigerian billionaire Benedict Peters set to receive African Philanthropist Award in Rwanda
Peters has more than 30 years of successful business leadership experience.
Nigerian real estate mogul Paul Onwuanibe’s Landmark Africa secures $24 million funding from Shelter Afrique
Landmark Africa has extended exceptional services to more than 5,000 organizations.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria has slumped by $21.5 million within 48 hours
Odili is a former non-executive director of MTN Nigeria, one of Africa’s largest telecom providers.
Nigerian businessman Atedo Peterside gains $1.9 million from stake in Stanbic IBTC
The increase solidifies his position as one of the richest investors on the Nigerian Exchange.
Nigerian billionaire banker Jim Ovia has lost over $18 million so far in March
Ovia holds a significant 16.2-percent stake in Zenith Bank
Nigerian billionaire Mike Adenuga’s net worth declines by $100 million in 43 days
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.