6 businesses owned by Nigerian multimillionaire Stanley Uzochukwu
From fuel forecourts to a luxury hotel, Stanley Uzochukwu has built a tightly linked consumer-and-hospitality ecosystem under the Stanel banner
Nigerian billionaire
Nigeria's richest woman Folorunsho Alakija donates hospital to Osun State
Nigerian billionaire and philanthropist Folorunsho Alakija donates a new hospital to Osun State, one of the country's less affluent states.
Femi Otedola’s net worth hits $1.6 billion on gains from Geregu Power, First HoldCo
Nigerian billionaire businessman and philanthropist Femi Otedola’s fortune climbs to $1.6 billion on strong gains from Geregu Power and First HoldCo.
Nduka Obaigbena’s General Hydrocarbons placed in receivership by AMCON amid First Bank loan dispute
AMCON has taken control of Nduka Obaigbena’s General Hydrocarbons, deepening financial troubles that could spill over into his Arise TV and ThisDay holdings.
The Nigerian prince who quietly built Africa’s biggest private oil empire
Prince Arthur Eze parlayed state TV contracts, military friendships and a royal name into Atlas Oranto, a sprawling African oil empire now under scrutiny from reform-minded governments.
Nigeria’s president praises billionaire Femi Otedola on his 63rd birthday
President Bola Ahmed Tinubu sent birthday wishes to Geregu Power chairman Femi Otedola, applauding his “visionary entrepreneurship,” energy-sector investments, and philanthropy in education, healthcare, and youth programs.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods doubles nine-month profit to $283 million
BUA Foods, led by billionaire Abdul Samad Rabiu, doubles nine-month profit to $283 million on rising sales and cost control.
Nigerian billionaire Femi Otedola’s First HoldCo posts $1.7 billion in gross earnings
Femi Otedola’s First HoldCo posts $1.7 billion gross earnings in nine months, with strong asset and equity growth.
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 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.