Nigerian tycoon Tunde Ayeni remanded at Kuje Prison as EFCC files 17-count $11.3 million fraud charge
Former Skye Bank chairman Tunde Ayeni was remanded at Kuje Prison on Monday after the EFCC arraigned him on a 17-count N15.6 billion fraud charge.
Nigerian billionaires
Arthur Eze built Africa's biggest private oil portfolio by befriending presidents and almost never drilling a well, and now governments are taking their blocks back
Arthur Eze built Africa's biggest private oil portfolio by cultivating presidents and generals, almost never drilling a well, and flipping blocks to oil majors for enormous profit.
Tycoon Cosmas Maduka says a South-East seaport will end Lagos's grip on Nigeria's economy
Coscharis Group chairman Cosmas Maduka says a South-East seaport would end Lagos's monopoly on Nigeria's import and export economy and force the city to compete.
Nigerian billionaire Dahiru Mangal's cement company earns 3 ISO certifications less than 2 years after its $1.5 billion plant in Kogi State began operations
Mangal Industries has earned 3 ISO certifications for quality, environment and worker safety less than 2 years after its $1.5 billion cement plant in Kogi State began production.
Nigerian oil heirs Ameena and Zara Indimi accuse Stanbic IBTC of foul play in $30 million Oriental Energy judgment fight
Twin sisters Ameena and Zara Indimi are accusing Stanbic IBTC of failing to freeze $30 million in Oriental Energy accounts, raising contempt of court allegations against multiple Nigerian banks.
Ernest Obiejesi loses again as Court lifts EFCC shield on firms linked to Nestoil Group, clearing the way for a probe into a $1 billion debt dispute
A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute.
Nigerian billionaire Mike Adenuga turns 73: Inside the quiet legacy of Globacom's founder
Nigerian billionaire Mike Adenuga turns 73 on April 29, marking more than four decades of bold bets across telecom, oil and gas, and banking.
Meet Wale Babalakin: the lawyer who built Nigeria's best airport with private money and then spent years fighting the government to keep it
Wale Babalakin built Nigeria's finest airport terminal with private money, earned a Cambridge PhD at 25 and is one of the country's most consequential lawyer-businessmen.
Aliko Dangote makes TIME100 for the 2nd time as Tony Elumelu writes the tribute
Aliko Dangote has been named to the 2026 TIME100 list of the world's most influential people for the 2nd time, with his profile penned by Tony Elumelu — who Dangote himself profiled on the same list six years ago.
Oil tycoons Tony Elumelu, Austin Avuru, Samuel Dossou-Aworet win big as Seplat becomes first NGX stock to hit N10,000
Seplat Energy became the first stock in the history of the Nigerian Exchange to breach N10,000 per share, handing Tony Elumelu, Samuel Dossou-Aworet and Seplat's co-founders combined paper gains worth hundreds of millions of dollars.
Dangote turns 69 as Tinubu leads tributes, NNPC doubles crude supply and $100bn expansion plan takes shape
Aliko Dangote turned 69 on Friday as Tinubu led birthday tributes, NNPC doubled crude deliveries and a $100 billion expansion plan moved forward.
Nigerian billionaire Jim Ovia to pocket $41.5 million in Zenith Bank dividends
Zenith Bank plans to double its total dividend to N10 per share for 2025, which would hand founder and chairman Jim Ovia a payout of approximately N58 billion.
Billionaires Femi Otedola and Aliko Dangote met President Tinubu on Easter Sunday to discuss Nigeria's economy and ongoing reforms
Femi Otedola confirmed that he and Aliko Dangote spent Easter Sunday with President Bola Tinubu to discuss Nigeria's economy and its ongoing reforms.
Nigerian billionaire Atiku Abubakar hires US lobbying firm for $1.2 million to counter Tinubu government narratives ahead of 2027 presidential race
Atiku Abubakar has hired Washington lobbying firm Von Batten-Montague-York for $1.2 million to counter Nigerian government narratives and build his US policy standing ahead of 2027.
SAHCO profit surges 142% to N11.73 billion in 2025 as chairman Taiwo Afolabi's 60.72% stake hits $84 million
SAHCO posted N11.73 billion profit after tax in 2025, up 142%, as revenue rose 54% to N44.46 billion. Chairman Taiwo Afolabi's controlling stake is now worth N117.68 billion.
GB Agboola's Flutterwave secures Nigerian microfinance banking licence after 10 years as a payments company
Flutterwave has secured a Nigerian microfinance banking licence from the Central Bank of Nigeria, allowing it to hold deposits, offer accounts and lend directly for the first time in its 10-year history.