Nigerian billionaire Aliko Dangote’s refinery IPO draws investors from 51 African countries
Aliko Dangote’s refinery says its IPO has drawn investors from more than 90 countries, including 51 of Africa’s 54 nations, before the Oct. 27 close.
Nigerian billionaires
Zimbabwean investors have until Oct. 21 to buy into Nigerian billionaire Aliko Dangote’s refinery
Zimbabwean investors have until Oct. 21 to apply for Aliko Dangote’s refinery shares through FINSEC, at an indicative 40 cents per depositary receipt.
Nigerian pipeline billionaire Emeka Okwuosa says Africa can’t run on renewables alone
Oilserv founder Emeka Okwuosa says Nigeria's shift to clean energy must not cost it reliable power: "Energy transition must not be mistaken for energy abandonment."
Nigerian telecoms billionaire Mike Adenuga praised by Onitsha King as “a true man of culture”
The Obi of Onitsha has hailed Nigerian billionaire Mike Adenuga as "a true man of culture," crediting him with helping preserve Nigerian heritage.
Nigerian billionaire Aliko Dangote’s foundation and Gombe State to give 28,284 women refinery shares
Gombe State released ₦149.2 million to buy Dangote refinery shares for 28,284 vulnerable women, and Aliko Dangote’s foundation will match each woman’s shares.
Nigerian billionaire Aliko Dangote’s refinery IPO sparks new listing talks at Nigeria’s stock exchange
Nigerian Exchange CEO Temi Popoola says Aliko Dangote’s refinery IPO has sparked private listing talks with several companies, with listings expected from next year.
Nigerian billionaire Abdul Samad Rabiu's charity launches program for young doctors
ASR Africa, the foundation of Nigerian billionaire Abdul Samad Rabiu, has launched a program to prepare final-year medical students for clinical work, starting in Maiduguri.
Nigerian tycoon Kola Karim’s private jet loses its door minutes after takeoff
A 24-year-old private jet owned by Nigerian oil tycoon Kola Karim lost a door after leaving Abuja. Aviation experts say maintenance was the problem.
Africa's richest man $1.4 billion highway in return for tax credits
Work has begun on a 401-kilometer highway in central Nigeria that Aliko Dangote's group is financing at a cost of ₦1.83 trillion ($1.37 billion).
Nigerian oil tycoon Wale Tinubu seeks fresh cash to cut $2 billion debt
Nigerian oil tycoon Wale Tinubu bought Eni's Nigerian oil unit. Now Oando must raise capital to cut about $2 billion of debt.
Nigerian oil tycoon Tein George's Vaaris agrees to buy Shell's Nigeria gas business
Shell has agreed to sell its Nigerian gas distribution business to Vaaris, chaired by Tein George, the oil services tycoon behind Lagos's The George hotel.
Nigerian billionaire Aliko Dangote's refinery moves to appeal ruling backing fuel imports
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
Nigerian billionaire Arthur Eze named in $2 billion fight over oil pipelines
A former rebel leader says Nigeria's elite share $2 billion a year to guard pipelines, and named oil billionaire Arthur Eze. He offered no proof.
Nigerian billionaire Jim Ovia set to collect N8.7 billion in Zenith Bank dividends
Zenith Bank founder Jim Ovia is set to collect N8.7 billion from the lender's raised interim dividend, even as its half-year profit fell 19%.
Africa's richest man's refinery can't get enough Nigerian crude, minister admits
Nigeria's finance minister says the country does not have enough crude to supply Aliko Dangote's giant Lagos refinery, forcing the billionaire to import oil.
Nigerian billionaire Aliko Dangote's $16 billion Kenya refinery deal faces mounting scrutiny
Pressure is building in Kenya for the government to publish the terms of Aliko Dangote's $16 billion Lamu refinery, including taxpayers' share.