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South Sudan has declined to renew Oranto Petroleum's Block B3 licence after Arthur Eze's company failed to conduct seismic surveys, drill a single well or meet financial obligations since 2017.
Nigerian billionaire Abdul Samad Rabiu spoke at the Desmond and Leah Tutu Legacy Foundation in Cape Town, urging young African leaders to think beyond limitations and build intentionally.
Abdul Samad Rabiu's net worth has surged from $11.2 billion to over $14 billion in weeks, driven by an 83% rally in BUA Cement shares and record BUA Foods profits.
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
Nigerian shareholders praised Abdul Samad Rabiu's governance at BUA Group as BUA Foods posted N518 billion net profit and proposed a N28 dividend, more than doubling the prior year's payout.
Brazil's Petrobras has agreed to acquire a 75% operating interest in Block 3 offshore São Tomé and Príncipe from Arthur Eze's Oranto Petroleum, its latest move in a fast-expanding African exploration portfolio.
Oando CEO Wale Tinubu told Reuters the company is raising up to $750 million for a 100-well drilling campaign that could boost production by 300%, with the Iran war lifting investor appetite for West African crude.
Abdulsamad Rabiu has fallen to fourth among Africa’s richest people after Nathan Kirsh’s multibillion-dollar Sysco deal sharply lifted his fortune.
BUA Cement has reinstated 400 sacked truck drivers and agreed to pay their January to March salary arrears after an Edo monarch brokered a settlement with Abdul Samad Rabiu.
BUA Foods has proposed a record N504 billion dividend after profit nearly doubled in 2025, with founder Abdul Samad Rabiu set to pocket about $323 million.
BUA Cement Plc, under the leadership of Abdulsamad Rabiu, has become Nigeria's most profitable cement maker in 2025, with a net profit margin of 30.43%, profit after tax surging 381.7% to N356 billion, and revenue breaking the trillion-naira barrier for the first tim
Aliko Dangote is poised to collect about $485 million in dividends after Dangote Cement proposed a N45 per share payout for 2025.
Coleman founder Solomon Onafowokan is raising up to N50 billion to support cable production and fibre optics, months after opening a major Sagamu factory.
Making It Big by Femi Otedola is sparking fresh debate on leadership and personal growth, as readers reflect on mindset, discipline, reinvention, and purpose beyond financial success
Aliko Dangote’s $31.9 billion fortune proves industrial power can rival tech wealth, built through cement, refining, and reinvestment across Africa
Abdul Samad Rabiu has signed with Italy’s Baglietto to build a 60 meter yacht, adding a new luxury commission to his profile.