Nigerian billionaire Femi Otedola’s energy firm targets $28.2-million revenue in Q3 2024
Geregu Power’s impressive forecast is bolstered by its plans to expand total capacity from 435MW to 1,200MW.
Nigerian billionaire
Nigerian oil magnate Wale Tinubu’s Oando announces participation in $3.3-billion facility
Tinubu emphasizes ability to create value as an indigenous partner of choice in Project Gazelle as another win for Oando and Nigeria.
Femi Otedola’s Geregu Power eyes growth as Nigeria finalizes $1.15-billion power plant sale
The company is in line to acquire one of five power plants being sold by the Nigerian government through the Ministry of Power.
Femi Otedola boosts stake in First Bank parent with new shares worth $7.7 million
Femi Otedola now holds a 7.01 percent stake in the financial services group.
Nigerian billionaire Femi Otedola clashes with Zenith Bank over ‘fraudulent transactions’
The confrontation between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion-naira fraud has escalated further.
Africa’s richest man Aliko Dangote’s conglomerate targets $30 billion revenue
Dangote, whose net worth stands at $15 billion, highlighted the pivotal role of recent restructuring efforts and strategic leadership appointments within the conglomerate.
Bank led by Nigerian billionaire Femi Otedola recovers $305-million loan from failed bank
Sources within First Bank confirmed that the CBN credited the lender before revoking Heritage Bank’s license.
Nigerian billionaire Femi Otedola’s Geregu Power inks deal with Siemens Energy to triple capacity
The MoU, signed in Berlin on May 29, 2024, focuses on developing solutions for sustainable, resilient, and efficient power generation at Geregu’s existing plant.
Nigerian billionaire Femi Otedola locks horns with Zenith Bank over alleged debt fraud
Otedola, who ranks among Africa’s billionaires, accuses Zenith Bank of perpetrating banking fraud.
Bank led by Nigerian billionaire Femi Otedola partners with French financier on climate initiative
This collaboration aims to establish FBN Holdings as a frontrunner in African climate finance.
Nigerian billionaire Femi Otedola’s FBN Holdings posts $149.7 million profit in Q1 2024
Femi Otedola’s leadership continues to be a driving force behind the group’s sustained growth and expansion, with high expectations for the remainder of the fiscal year.
Exclusive: Nigerian president initiates highway project by controversial billionaire tied to Sani Abacha – What you need to know!
With the construction of this highway, Nigeria is poised to unlock vast economic potential, foster unity, and build a legacy of prosperity for future generations.
Nigerian tycoon Tony Elumelu to reinvest $4-million dividend in UBA rights issue
“I’m advising shareholders, as you get your dividends, reinvest a significant part of it,” Tony Elumelu said.
Bank led by Nigerian billionaire Femi Otedola declares $9.9-million dividend for shareholders
One of Nigeria’s most valuable banking groups, FBN Holdings has solidified its position in the financial services industry.
Africa’s richest man Aliko Dangote’s refinery prepares for exports, targets Brazil and other African countries
Speaking at the Africa CEO Forum in Kigali, Rwanda, Dangote detailed the refinery’s ability to produce a wide range of refined products, including gasoline, diesel, and aviation fuel.
Refinery of Africa’s richest billionaire Aliko Dangote to buy 24 million barrels of U.S. crude
Boasting the world’s largest single-train capacity (650,000 barrels per day), the Dangote Oil Refinery aims to wean Nigeria off its reliance on imported fuels.