Nigerian tycoon John Alamu is 34 and already runs the country's largest cocoa processor
John Alamu started with ₦100,000 lending to market women in 2014. At 34 he runs Nigeria's largest cocoa processor and a bank in two countries.
Nigerian billionaires
Nigerian tycoon Ernest Azudialu-Obiejesi invests $28 million in drilling rigs
Nestoil invests $28m in rigs to lift OML 42 production
Nigerian billionaire Femi Otedola's First HoldCo stake now worth $1.4 billion at record high
First HoldCo hit an all-time high of N159.90 on Tuesday, lifting Femi Otedola's holding to about N1.97 trillion, roughly $1.42 billion.
Nigerian oil tycoon Uju Ifejika says she put $400 million into a field Chevron let go
Catherine Uju Ifejika says Brittania-U spent $400 million on the Ajapa field it bought from Chevron, as Nigeria targets 2.5 million barrels a day.
Nigerian billionaire Femi Otedola's 'Making It Big' turns one, 8 lessons from the bestseller
Making It Big turned one on Aug. 18. It won Axiom gold in the US, placed second in London, and Otedola is writing the sequel.
Nigerian billionaire Phillip Ihenacho is selling most of Azura Power to an Abu Dhabi buyer
ePointZero is buying 90% of Azura Power, the 752MW producer Phillip Ihenacho's Amaya Capital founded in 2010. Amaya keeps a 10% minority stake.
Nigerian Pharma tycoon Stella Okoli raises $19.8 million to complete new production facility
Stella Okoli's Emzor has raised N26.7bn ($19.8m) at a 19% coupon to finish West Africa's first antimalarial API plant a Sagamu facility that was due to open in late 2025, then early 2026, and is still incomplete.
Nigerian tycoon Ernest Azudialu is pumping more oil while owing lenders over $1 billion
Ernest Azudialu's Nestoil ran its own rig on OML 42 to lift output, twelve days after paying $60 million under an EFCC-brokered repayment plan.
Dutch-Nigerian billionaire Cornelis Vink owns the tower Burna Boy craned a Ferrari into
Cornelis Vink sold Chivita to Coca-Cola for $1 billion and bought Union Bank. His Kaizen Properties is building Burna Boy's Bourdillon tower.
Nigeria’s Femi Otedola lost $1.2 billion, now he’s Africa’s fastest-growing billionaire
Femi Otedola's fortune rose 36% to $1.9 billion since March, faster than any other African billionaire, on a single concentrated bet on First HoldCo.
Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
Aliko Dangote's $5 billion refinery IPO will list in Nigeria alone for at least three years
Dangote's refinery has applied for a $5 billion IPO aimed at Nigerian retail investors, with no foreign listing for at least three years.
Nigerian tycoon Eruani Azibapu's $1 billion Niger Delta refinery is nearing completion
Azibapu Eruani's Azikel Refinery in Bayelsa is at finishing stage, with capacity redesigned to 25,000 barrels a day and cost near $1 billion.
Billionaire Femi Otedola spends additional $13 million on First HoldCo shares
Femi Otedola bought 138 million more First HoldCo shares for about $13 million, taking his holding to 12.09 billion shares worth $1.14 billion.
Aliko Dangote met Canada's prime minister to discuss African investment in Canada
Aliko Dangote has met Canadian Prime Minister Mark Carney to discuss investment partnerships between Canada and Africa. No figures or agreements were disclosed.
Billionaire Mike Adenuga still owns every share of telecom giant Glo after 23 years
Globacom turns 23 this month and Mike Adenuga still owns all of it, while MTN Nigeria and Airtel Africa listed and 9mobile changed hands twice.