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.
Nigerian billionaires
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.
Nigerian beverage heiress Kudirat Adegunwa-Balogun becomes ruling party's candidate for deputy governor of Ogun State
Kudirat Adegunwa-Balogun, CFO of Rite Foods and daughter of Nigerian beverage billionaire Adebola Adegunwa, has been named APC deputy governorship candidate for Ogun State's 2027 election.
Wealthy Nigerian senator Abdulaziz Yari accused of illegal gold mining as law enforcement seizes $3 million in gold
Abdulaziz Yari became Geregu Power chairman after spending N1.08 trillion ($793 million) on the acquisition as a civil society group links him to illegal gold mining.
Nigerian billionaire Jim Ovia bets on Lagos luxury real estate after stepping down as Zenith chairman
Zenith Bank founder Jim Ovia is building two luxury residential towers in Lagos with units from $1.85 million as he pivots to real estate after leaving the bank's chairmanship.
Nigerian billionaire Femi Otedola gave $14 million to charity in 2019 and just explained why he has no regrets
Nigerian billionaire Femi Otedola revisited his record $14 million donation to Save the Children and explained why he measures wealth by lives changed not money accumulated.
Africa's richest man spent $20 million trying to fix Nigeria's tomato problem and the country let him down
Aliko Dangote invested $20 million in Nigeria's largest tomato processing factory in 2016. A decade later, the country's broken supply chain has defeated his ambition.
Africa's richest man's refinery ramps up to 700,000 barrels a day
Dangote Petroleum Refinery has exceeded its nameplate capacity for the first time, processing 700,000 barrels per day in an official test by its process licensors.
Africa's richest man built Nigeria's Peugeot assembly plant from scratch and it now rolls out 120 cars a day
Africa's richest man Aliko Dangote acquired a Peugeot assembly licence in 2017 and built a modern car factory in Kaduna that began production in 2022.
Tycoon Tony Elumelu's Heirs Insurance hits two million customers, ranks among Africa's fastest-growing companies in 5 years
Tony Elumelu's Heirs Insurance Group has reached two million customers and ranked seventh on the Financial Times Africa fastest-growing companies list for 2026.