Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Nigerian billionaires
The billionaire who built Nigeria's gas pipelines: inside Emeka Okwuosa's Oilserv empire
How engineer Emeka Okwuosa built Oilserv into one of Nigeria's largest indigenous oil-and-gas contractors, laying the pipelines that carry the country's gas.
Nigerian businessman Tony Elumelu to retire as UBA chairman, Nnorom to take over
Tony Elumelu will step down as UBA Group chairman on August 21 after 12 years, with veteran banker Emmanuel Nnorom named as his successor.
Billionaire Femi Otedola's memoir named first runner-up at BCA African Business Book of the Year
Femi Otedola's memoir Making It Big was named first runner-up at the 2026 BCA African Business Book of the Year, awarded in London.
Nigerian billionaire Femi Otedola recalls N200 million donation to father's scholarship
Femi Otedola has recalled his 2005 N200 million donation to his late father Sir Michael Otedola's scholarship scheme, when the award ceremony was chaired by then Lagos Governor Bola Tinubu.
Nigerian billionaire Oba Otudeko's Honeywell Group acquires 14% of Ikeja Hotel
Oba Otudeko's Honeywell Group has acquired a 14 percent stake in Ikeja Hotel Plc, valued at approximately N13.2 billion at current market prices.
Dangote Refinery imports first UAE crude cargoes from Middle East
Dangote Petroleum Refinery has purchased its first two UAE crude oil cargoes, marking a historic shift in the refinery's feedstock sourcing strategy amid persistent Nigerian crude supply constraints.
Nigerian oil billionaire Muhammadu Indimi to pocket $1 million as Jaiz Bank raises dividend
Nigerian oil billionaire Muhammadu Indimi will receive N1.44 billion from Jaiz Bank after shareholders approved a 57 percent dividend increase following another year of strong earnings growth.
Nigerian billionaire Femi Otedola's stake in First HoldCo is now worth $420 million
Femi Otedola now holds 9.27 billion shares in First HoldCo worth N575 billion, cementing his position as the bank's largest individual shareholder.
Bet9ja's billionaire founder Kunle Soname finances flights to bring 66 more Nigerians home from South Africa
Bet9ja founder Kunle Soname has financed the return flights of 66 more Nigerians from South Africa as part of his ongoing personal repatriation initiative.
Nigerian billionaire Abdul Samad Rabiu relaunches BUA Rice with son in charge
Abdulsamad Rabiu's BUA Foods has relaunched BUA-branded rice into Nigerian markets as his son Isyaku Khalifa Rabiu takes charge of the group's global procurement and supply chain.
Nigerian billionaire Tony Elumelu credits his success to luck
Tony Elumelu told a YouTube interviewer he got rich by luck. Coming from one of Africa's most relentlessly driven billionaires, the admission stopped people cold.
Africa's richest man says Forbes is underestimating his fortune. His refinery alone, he says, is worth $40 billion.
Aliko Dangote has pushed back on Forbes' estimate of his net worth, saying his oil refinery alone is worth more than $40 billion.
Nigerian billionaire Michael Ade-Ojo sold his first Toyota in 1965 to build an empire that includes car factories and universities
Michael Ade-Ojo started selling cars in Nigeria in 1965. Six decades later, his Elizade Group controls Toyota Nigeria, a $50 million assembly plant and a university.
Nigerian billionaire Femi Otedola's First HoldCo completes $32.8 million capital raise
Femi Otedola's First Bank has completed a N45 billion ($32.8 million) private placement tranche as FirstHoldCo moves toward a shareholder approved N1 trillion capital base.
Africa Finance Corporation lends Dangote Group $600 million to triple its fertiliser production capacity
Africa Finance Corporation has signed a $600 million loan with Dangote Group to triple fertiliser production capacity in Nigeria and build a new plant in Ethiopia.