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.
Nigerian billionaire
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.
Nigerian businessman Abdulaziz Yari’s Ma'am Energy set for $12 million Geregu Power dividend payout
Geregu Power’s N9 dividend hands Ma'am Energy a N17.325 billion payout, boosting Abdulaziz Yari’s profile in Nigeria’s power sector.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group adds a 22 MW gas plant
BUA Group signs 22 MW gas power deal to cut diesel use, boost energy supply, and support Nigeria’s energy transition.
Nigerian billionaire Abdul Samad Rabiu offers cash bonuses to Super Eagles after Algeria win
Rabiu promised $500,000 for a semifinal win and $1 million for the title, adding extra payments for every goal scored.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.