Nigerian billionaire Aliko Dangote's port plan clashes with DP World's $7 billion deal
Ogun State's $7 billion port deal with DP World has raised questions about Aliko Dangote's 80% stake in the existing Olokola free trade zone venture.
Nigerian billionaires
Nigerian oil tycoon Ken Etete built an offshore empire by buying the oil ships he once ran for others
Nigerian oil tycoon Ken Etete went from running other companies' floating oil platforms to owning three of his own through Century Group.
Nigerian billionaire Chika Okafor went from selling bean cakes to building the Chicason Group empire
Nigerian tycoon Chika Okafor left school during the civil war and built Chicason Group into one of Nnewi's biggest industrial conglomerates.
Nigerian pharma tycoon Fidelis Ayebae's Fidson picked to make Roche flu drug
Fidson Healthcare, founded by Fidelis Ayebae, is one of 11 drugmakers chosen to produce a generic version of Roche's influenza drug baloxavir.
Nigerian billionaire Ladi Jadesimi's LADOL to develop oil base in Liberia
Ladi Jadesimi's LADOL will help Liberia's state oil company study, build and run a shore base in Buchanan to serve offshore drilling.
Nigerian billionaire Jim Ovia gains $144 million on Zenith Bank shares in third quarter
Jim Ovia's Zenith Bank stake rose $144 million in the third quarter as the lender's shares climbed 27.6% on the Nigerian Exchange.
Nigerian businessman Fola Adeola gains $55 million on Aradel shares in third quarter
GTBank co-founder Fola Adeola's Aradel stake rose $54.7 million in the third quarter as Nigerian oil producers rallied on high crude prices.
Nigerian billionaire Femi Otedola gained $815 million in Q3 as First HoldCo shares nearly tripled
Femi Otedola gained about $815 million in the third quarter as First HoldCo shares rose 180% while he spent 351 billion naira on more stock.
Nigerian tycoon Eruani Azibapu lines up 9,000 filling stations for a refinery eight years late
Nigeria's retail fuel association is negotiating to buy petrol directly from Azibapu Eruani's Azikel Refinery for its 9,000 member outlets.
Africa's richest man pulls his fertiliser IPO forward to next year
Aliko Dangote told investors in Nairobi he hopes to list Dangote Fertiliser next year, a year earlier than the 2028 date he gave last week.
Nigerian billionaire Femi Otedola dines with President Tinubu in Paris and backs his reforms
Femi Otedola had a private dinner with President Bola Tinubu in Paris on Sept. 28 and publicly endorsed his economic reforms the next day.
Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
Nigerian billionaire Aliko Dangote's cement arm targets 80 million tonnes of capacity
Dangote Cement will add about 25 million tonnes to reach 80 million tonnes, funded mainly from cash flow and supplier credit, Arvind Pathak said.
Nigerian tycoon AbdulWasiu Sowami's Ardova is buying Africa's largest CNG producer
A consortium led by AbdulWasiu Sowami's Ardova will buy 100% of Powergas, one of Africa's largest producers of compressed natural gas.
Nigeria's four billionaires are running the playbook that built industrial America
Dangote, Adenuga, Rabiu and Otedola are running versions of the playbooks Rockefeller, Ford, Carnegie and Morgan used to build America.
Nigerian billionaire Aliko Dangote plans $3.5 billion pipeline to supply fuel across Southern Africa
Aliko Dangote unveiled plans for a $3.5-billion, 2,650-kilometer pipeline across Southern Africa during an interview with Bloomberg TV anchor Francine Lacqua.