Nigerian billionaire Femi Otedola's FirstHoldCo settles $350 million Eurobond
FirstBank, the flagship banking subsidiary of FirstHoldCo, redeems a $350 million Eurobond, reinforcing liquidity and investor confidence.
Nigerian billionaire
Nigerian billionaire Arthur Eze faces backlash in Liberian parliament over oil deal
Liberian MPs have urged colleagues to reject production-sharing deals with Arthur Eze’s Atlas Oranto, citing a chequered record and opaque terms. The Boakai administration says the agreements will revive offshore exploration.
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI prepares IPO that could top $1 trillion
OpenAI, backed by Nigerian billionaire Adebayo Ogunlesi, prepares a $1 trillion IPO to fund AI expansion and acquisitions.
Abdul Samad Rabiu set to become Nigeria’s next $10 billion man
Nigerian billionaire Abdul Samad Rabiu’s fortune hits $9.2 billion, fueled by strong gains in BUA Foods and BUA Cement shares.
Femi Otedola sells $6.25 million in Geregu shares
Billionaire investor Femi Otedola has sold 9.04 million shares in Geregu Power Plc through his investment vehicle Amperion Power, in a ₦9.29 billion ($6.25 million) deal that trims his controlling stake but keeps him firmly in charge.
Nigerian billionaire T.Y. Danjuma restructures ntel board as telecom firm prepares for relaunch”
Natcom, controlled by Danjuma, has appointed a new board in a move aimed at restoring investor confidence and positioning the telecom firm for a 2026 relaunch.
Nigerian auto magnate Innocent Chukwuma to build CNG vehicle plant in Bayelsa
Innocent Chukwuma moves to expand clean transport as Innoson plans a major CNG vehicle plant in Bayelsa State.
Nigerian billionaire Femi Otedola’s Geregu Power lifts Q3 profit 82% to $7.6 million
Femi Otedola’s Geregu Power posted ₦11.2 billion pre-tax profit in Q3, up 82% year on year as energy sales and capacity payments strengthened.
Abdul Samad Rabiu’s net worth nears $8 billion after $400 million rebound
Abdul Samad Rabiu regains $400 million, lifting his net worth to $7.9 billion amid naira recovery and market growth.
Nigerian-Lebanese tycoon Bassim Haidar plans $365 million IPO in South Africa with AI Fintech Optasia
Bassim Haidar is betting big on African fintech, planning South Africa’s largest IPO of 2025 to fund Optasia’s global expansion.
Nigerian billionaire Muhammadu Indimi pledges to invest $250 million in Bauchi
Oil magnate Muhammadu Indimi vows to invest $250 million in Bauchi State as Tinubu urges global investors to seize Nigeria’s growth moment.
Nigerian billionaire Kunle Soname’s ValueJet makes historic first flight from Ogun’s new Gateway Airport
Kunle Soname’s ValueJet operated the first commercial flight from Ogun’s Gateway International Airport on February 26, 2024, marking a step for private aviation.
Nigerian billionaire TY Danjuma's family office trims loss in 2024, keeps $114 million asset base
Nigerian billionaire TY Danjuma’s family office posted a smaller loss in 2024, holding £85 million ($114 million) in assets while core oil wealth stays separate.
Billionaire Ogunlesi eyes major investments in Nigeria’s ports and aviation
Billionaire Adebayo Ogunlesi plans fresh investments to boost Nigeria’s ports, aviation, and energy landscape.
Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.