Nigerian billionaire Abdul Samad Rabiu climbs to fourth richest in Africa as fortune hits $11.3 billion
Abdul Samad Rabiu has climbed to fourth place among Africa’s richest individuals after his wealth surged to $11.3 billion
Nigerian billionaire
Globacom donates N1 billion to Lagos security fund as billionaire Adenuga backs safer city push
Globacom donated N1 billion to the Lagos State Security Trust Fund, a major boost tied to founder Mike Adenuga’s long record of big giving.
Billionaire Femi Otedola predicts stronger naira as Dangote Refinery reaches full capacity
Investor Femi Otedola believes the naira may strengthen significantly as Dangote Refinery’s full-scale operations reduce fuel imports and ease forex pressure
Tetracore, led by energy tycoon Olakunle Williams, expands CNG network with 60,000 SCMD Auto CNG facility
Tetracore Energy has commissioned a 60,000 SCMD auto CNG facility in Ogere, Ogun State, advancing cleaner transport infrastructure under the leadership of energy tycoon Olakunle Williams
Aiteo wins rare Libya exploration license as Tripoli opens door to foreign drillers
Aiteo won a Murzuq basin exploration license in Libya’s first bid round since 2007, joining winners that included Chevron, Eni and QatarEnergy.
Abdul Samad Rabiu Initiative joins IFC to scale She Wins Africa to 1,000 women founders
IFC and ASR Africa will scale She Wins Africa to 1,000 women entrepreneurs after the first group mobilized more than $4 million.
Nigerian tycoon Emma Bishop Okonkwo is reportedly building a Novotel hotel in Lagos
Ekulo Group chief Emma Bishop Okonkwo is taking his consumer goods empire into hospitality, backing a 170 room hotel project on Victoria Island.
Nigerian billionaire Abdulsamad Rabiu's BUA begins gypsum plaster board production in Port Harcourt, aiming to cut imports
BUA says it has started producing gypsum plaster boards in Port Harcourt, a step it says will deepen local supply and ease import reliance.
Nigerian billionaire Kola Karim's Shoreline Group acquires producing U.S. oil assets
Shoreline Group chief Kola Karim says the Nigerian operator has bought producing U.S. oil assets, betting African grit can lift output.
Nigerian businessman Orji Uzor Kalu sponsors UTME registration for 2,000 Abia North students
Senator Uzor Kalu sponsors UTME registration for 2,000 Abia North students, access to education
Nigerian billionaire Abdulsamad Rabiu tops stock gains in 2025, beats Dangote
Abdul Samad Rabiu emerged as Nigeria’s biggest stock market winner in 2025, overtaking Aliko Dangote as soaring share prices lifted billionaire fortunes.
Liberian watchdog questions Nigerian billionaire Arthur Eze, Oranto ties as offshore oil blocks near award
Liberia watchdogs question Oranto Petroleum’s return to offshore blocks, urging tougher vetting as Arthur Eze-linked deals move toward new contracts.
May & Baker returns to profit; billionaire Danjuma family remains controlling shareholder
May & Baker Nigeria’s late year rebound pushed earnings higher in 2025, while the TY Danjuma family maintained a controlling stake.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double production capacity
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double annual production from 11 million to 20 million tonnes.
Senegal revokes Nigerian billionaire Arthur Eze’s offshore exploration license
Senegal revokes Nigerian billionaire Arthur Eze’s Atlas Oranto offshore license after years of unmet obligations.