Billionaire TY Danjuma's SAPETRO donates N1 billion to Lagos security fund
TY Danjuma's oil company SAPETRO has donated N1 billion to the Lagos State Security Trust Fund, one of the largest single private-sector contributions in recent years.
Nigerian billionaires
Nigerian-American billionaire Adebayo Ogunlesi bids for Eni stake in Nigeria’s Renaissance JV
Bayo Ogunlesi is bidding for Eni’s 5% Renaissance JV stake, as Nigerian investors push deeper into assets left by foreign majors.
Nigeria tycoon Tunde J. Afolabi's Amni denies receivership, says court order in Cenroc dispute is being misread
Amni says a court order in its Cenroc dispute does not place the firm in receivership and insists operations continue normally.
Nigerian billionaire Femi Otedola says Dangote refinery could expand to 1.4 million barrels a day as output ramps up
Femi Otedola toured the Dangote refinery and said capacity could expand to 1.4 million barrels a day, calling the project “history made.”
Nigerian oil tycoon Tunde J. Afolabi's Amni Petroleum in trouble over $15 million debt
A Lagos court appointed an administrator over Amni Petroleum assets in a debt dispute, a move the company says is being challenged.
Oil tycoon Ahonsi Unuigbe’s Petralon appeals Dawes Island ruling as Africa Energy Chamber warns on investor confidence
Petralon’s Ahonsi Unuigbe is contesting a Dawes Island court ruling as NJ Ayuk’s Africa Energy Chamber warns it could deter investment.
Billionaires.Africa ranks the 30 richest investors on the Nigerian Exchange in 2026
Using late January 2026 closes and N1,460 to $1, we ranked the biggest disclosed NGX shareholders and priced their listed stakes.
Tony Elumelu-backed Redtech processed $20.6 billion in 2025 transactions as digital payments surge in Nigeria
Redtech says it processed 30 trillion naira in 2025 transactions, pointing to stronger RedPay usage and plans to expand across Africa.
Nigerian businessman Matthew Tonlagha signs $720,000 U.S. lobbying deal as Abuja courts Washington
Matthew Tonlagha, a Tantita Security Services executive, signed a six month $720,000 lobbying deal in Washington to boost U.S. Nigeria ties.
Emeka Agbanari and the Seaman Group: How an Anambra industrialist built scale in mining, construction and energy services
Emeka Agbanari built Seaman Group in mining and construction, then diversified into energy services and scholarships, earning a national honour along the way.
Nigerian auto magnate Innocent Chukwuma's Innoson plans new plant for CNG trucks and electric vehicles
Innoson says a new Nnewi plant will build CNG trucks and electric vehicles, adding 2,000 jobs and a youth training scheme.
Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
Nigerian billionaire Femi Otedola now owns 18.12% stake in First HoldCo
Femi Otedola has raised his combined stake in First HoldCo to 18.12%, adding to his influence in a major banking group.
Nigerian Energy tycoon Olakunle Williams' Tetracore Energy Group commissions Ghana's first Gas Virtual Pipeline Network CNG Facility
Tetracore Energy Group has launched Ghana’s first compressed natural gas facility in Tema, a $15m project built to scale supply and cut emissions.
Tetracore Energy Group charts next phase of growth with gas-to-liquids and ammonia-urea expansion
Tetracore Energy Group Limited is advancing plans to diversify into Gas-to-Liquids (GTL) and ammonia-urea fertilizer production, aiming to deepen Nigeria’s gas-based industrial economy.
No respite for Ernest Azudialu-Obiejesi as court of appeal sacks Wole Olanipekun SAN as consortium of banks tighten their grip on Nestoil and Neconde
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.