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Kenya's President William Ruto called critics of Aliko Dangote's Kenya Pipeline deal extortionists, as the shares rallied again and lifted the stake to $436 million.
Dangote Cement crossed ₦20 trillion in market value for the first time after a 10% jump, adding about $1.2 billion to Aliko Dangote's stake.
Billionaire Abdul Samad Rabiu says he once visited Nigeria's central bank every two weeks for dollars. Now companies buy them from banks at market rates.
Nigerian billionaire Aliko Dangote’s refinery says Tuesday is the final day to buy into its IPO, with no extension, as it reports rising last-minute demand.
Aliko Dangote threatened to walk away from his Kenya Pipeline stake purchase over a gap of 46 Kenyan cents a share, people involved said.
Atedo Peterside started IBTC in 1989 and built it into Stanbic IBTC. His 150 million shares in the Lagos-listed group are now worth $17.8 million.
Billionaire Femi Otedola is buying Dangote Cement shares again as the stock surged 10%, while his First HoldCo stake gained $119 million.
First HoldCo, the FirstBank parent chaired by billionaire Femi Otedola, grew nine-month pre-tax profit 61% to 911 billion naira on strong fee and trading income.
Aliko Dangote says his group has set aside $50 billion for investments between 2026 and 2030, and vows to tackle Africa’s energy deficit.
Africa's richest man is handing more of his empire to his three daughters as a refinery IPO lifts his fortune toward $58 billion.
Aliko Dangote says his group is building pipelines and depots across East, Central and Southern Africa as part of a $50 billion investment plan.
Nigeria's anti-graft agency has arrested Abuja businessman Innocent Ezuma over claims he collected more than $120 million from a Ukrainian investor for projects never built.
Nigerian lawyer and businessman Wale Babalakin has signed a settlement with the government, ending a two-decade dispute over the Lagos domestic terminal his company built.
Aliko Dangote's group has bought almost 25% of Kenya Pipeline Company for $327 million, giving Africa's richest man a role in East Africa's fuel network.
Aliko Dangote lost about $640 million on Monday as Dangote Cement shares fell 5.5% to ₦1,008, leading a ₦1.47 trillion slide on the Lagos bourse.
Stella Okoli has handed day-to-day control of Emzor to senior executive Uzoma Ezeoke and urged Nigeria to back local drugmakers.