Billionaire Abdul Samad Rabiu’s BUA Foods becomes Nigeria’s most valuable company
BUA Foods tops Nigerian Exchange with $6.76 billion valuation; revenue grows 36%, net profit doubles in first half of 2025.
Nigerian billionaire
Nigerian billionaire Adebayo Ogunlesi’s net worth rises to $2.5 billion after $800 million gain
Adebayo Ogunlesi’s fortune rises to $2.5 billion in 2025 after an $800 million gain from BlackRock stake growth and major deals.
Nigerian billionaire TY Danjuma’s May & Baker to expand manufacturing with new facility
Nigerian billionaire TY Danjuma’s May & Baker boosts local drug production and herbal innovations with new facility.
Nigerian energy tycoon Ademola Adeyemi-Bero’s First E&P pursues Tanzanian gas opportunity
Ademola Adeyemi-Bero'S Nigeria’s First E&P is expanding into Tanzania’s gas sector, part of a broader push by Nigerian companies to grow beyond West Africa’s oil fields.
Aliko Dangote set to become first African with $30 billion fortune
Dangote nears $30 billion fortune as rising cement and sugar shares add $1.23 billion to his wealth in 2025.
Nigerian tycoon Emeka Offor donates $1-million cancer equipment to University of Maiduguri Hospital
Offor’s donation marks one of the largest private medical equipment gifts in northern Nigeria in recent years.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts nearly $600 million in half-year revenue
BUA Foods posts $596 million revenue, $169.8 million profit in H1 2025 as sugar, flour, and pasta drive strong gains.
Nigerian businessman Kola Aluko’s former Bel Air mansion sells for $28.5 million after tumultuous history
Kola Aluko’s former Bel Air mansion, entangled in legal battles, sold for $28.5 million, marking the latest chapter in its tumultuous history.
First HoldCo’s half-year earnings top $1 billion under Nigerian billionaire Femi Otedola
First HoldCo’s gross earnings jump to $1.07 billion in H1 2025, while Otedola-led reforms drive asset growth and investor confidence.
9 companies owned by Nigerian billionaire and Bet9ja founder, Kunle Soname
Outside of sports betting, Kunle Soname, a Nigerian gaming tycoon and chairman of Bet9ja, has built an empire that spans aviation, ceramics, hospitality, sports and hospitality.
Nigerian billionaire Femi Otedola’s ‘Making It Big’ now available for pre-order
Femi Otedola’s new book reveals lessons on building billion-dollar businesses, overcoming setbacks, and inspiring Africa’s next leaders.
Nigerian billionaire Abdul Samad Rabiu’s net worth rises to $6 billion on cement, food gains
Abdul Samad Rabiu’s net worth rises to $6 billion as gains from BUA Cement and BUA Foods push him higher among Africa’s richest individuals.
Nigerian tycoon Abdullahi Bashir Haske detained by law enforcement in corruption probe
Abdullahi Bashir Haske has reportedly been detained by the EFCC amid an expanding corruption probe involving alleged money laundering, shell companies, and questionable oil contracts tied to NNPCL and private jet operations.
BUA Cement, owned by Nigerian billionaire Abdul Samad, posts $380 million in half-year revenue
BUA Cement posts $380 million in revenue and $118 million in profit, fueled by Nigeria’s construction boom and strong leadership from Abdul Samad Rabiu.
Nigerian fertilizer tycoon Thomas Etuh's bank accounts frozen over $16.1 million debt
Thomas Etuh's TAK Group is one of the largest blenders of fertlizer in nigeria and also helps farmers and agribusinesses move fertilizer, grain and other farm produce across the country—all the way from assembly points and silos to blending plants, processing centers and final markets.
Femi Otedola’s quiet power move spurs $211 million block trade on NGX
Rare $211.7 million block trade on NGX signals changing control at First HoldCo as longtime shareholders quietly exit.