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
Nigeria
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.
Meet Gregory Rockson: Ghanaian entrepreneur set to expand his startup in Nigeria with $43-million investment
Rockson is dedicated to transforming healthcare for patients across Africa.
Africa’s richest man Aliko Dangote’s wealth grows by $541 million despite Nigeria’s cash woes
Dangote’s net worth now stands at $19.2 billion.
Elon Musk’s satellite Internet service Starlink to launch in Kenya in Q2
Starlink is the satellite Internet service provided by SpaceX.
NDLEA receives $1.1-million grant from Abdul Samad Rabiu to combat drug abuse in Nigeria
Rabiu said the grant was made in recognition of the many successes of the NDLEA.
Nigerian billionaire Abdul Samad Rabiu, others raise $2.2 million for flood victims
Rabiu’s participation in the fundraising comes after he established the $23.8-million Nigeria Security Support Fund.
Seplat Energy wants Nigerian energy mogul Bryant Orjiako to assist with critical tasks after retirement
Orjiako’s stake in Seplat Energy is valued at $118.5 million.
Nigerian logistics tycoon Taiwo Afolabi becomes chairman of Sifax Group
After working for Nigerian Express Agencies Limited in the 1980s, Afolabi founded SIFAX Group in 1988.
US rumored to be building world’s largest consulate in Nigeria with billionaire Gilbert Chagoury
In 2000, a Swiss court reportedly convicted Chagoury of laundering funds looted by Nigeria’s late military leader Sani Abacha.
Abdul Samad Rabiu’s BUA Foods acquires shipping vessels to drive West African sugar exports
The new vessel will depart and berth at BUA’s port and terminal.
Investors looking to acquire Aliko Dangote’s cement firm must make at least $13-billion offer
His 86-percent stake in Dangote Cement is valued at $10.3 billion.
Nigerian lawyer Tola Onayemi’s Norebase raises $1 million in pre-seed funding
Onayemi founded Norebase in 2019.
Nigerian billionaire Mike Adenuga’s Conoil reports $1.34 million in profit in Q1 2022
Adenuga’s 74.4-percent stake in the company is worth $32.6 million.
Nigerian entrepreneur Olugbenga Agboola’s Flutterwave becomes most valuable startup in Africa
The funding comes on the heels of a five-year run in which Flutterwave has completed more than 200 million transactions totaling over $16 billion.
Banking tycoon Tony Elumelu gains nearly $2.8 million from stake in UBA
Elumelu has recently shown interest in Caribbean markets as part of a strategic drive to foster wealth creation through partnership.