Nigerian financier Wole Abegunde now controls $61 million stake in fintech firm eTranzact
A little-known firm whose directors include eTranzact chairman Wole Abegunde has taken 56.18% of the Nigerian payments company, prompting a board overhaul.
Nigerian business
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 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.
Nigerian oil and banking tycoon Michael Prest wins again as St Kitts court voids his bank's $120,000 fine
Nigerian oil tycoon Michael Prest has won another court ruling in St Kitts and Nevis after the Court of Appeal found the banking regulator had no authority to fine his bank $120,000.
How Nigerian tycoon Hassan Hammoud built Mamuda Group from leather into a $150 million conglomerate with 11,000 workers
Hassan Hammoud turned his late father's failing Kano tannery into a Nigerian conglomerate with 11,000 workers spanning leather, food, care products and beverages.
7 businesses owned by Nigerian senator and mogul Orji Uzor Kalu
Orji Uzor Kalu's business portfolio spans media, shipping, finance, and more. Here are seven key ventures that define his success as a Nigerian entrepreneur.
Umba, an African startup led by U.S. entrepreneur Tiernan Kennedy, raises $15 million
Tiernan Kennedy founded Umba with Barry O’Mahony to provide an ecosystem of connected financial services.