Nigerian businessman Atedo Peterside gains $1.9 million from stake in Stanbic IBTC
The increase solidifies his position as one of the richest investors on the Nigerian Exchange.
Nigerian businessman
Nigerian billionaire banker Jim Ovia has lost over $18 million so far in March
Ovia holds a significant 16.2-percent stake in Zenith Bank
Femi Otedola’s Geregu poised to transform Nigeria’s power industry with 1,300 MW surge
Otedola’s Geregu Power is the eighth most valuable company on the Nigerian Exchange.
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.
Nigerian billionaire Abdul Samad Rabiu’s net worth skyrockets to $8 billion, eyes Africa’s top 3 richest spot
Rabiu is also set to receive a dividend of $198 million.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Aliko Dangote’s cement company reaches all-time highs, profits exceed $800 million in 2022
Dangote recommended a dividend of $0.0434 per share.
Nigerian energy tycoon Michael J. Prest wins legal victory in Caribbean island of Nevis
Prest is the founder of BONI, an international bank offering private and wealth management services.
Nigerian banking tycoon Jim Ovia rakes in $14.87 million in just 54 days from Zenith Bank stake
Ovia owns a sizable 16.2-percent stake in Zenith Bank.
Tony Elumelu urges African entrepreneurs to invest in businesses to spur growth and employment
Elumelu is the founder of the Tony Elumelu Foundation and chairman of the United Bank for Africa.
Africa’s richest man Aliko Dangote’s wealth grows by $541 million despite Nigeria’s cash woes
Dangote’s net worth now stands at $19.2 billion.
Nigerian energy mogul Abdulwasiu Sowami’s Ardova to delist from NGX
Sowami owns 74.1 percent of the oil marketing firm’s issued shares.
Nigerian billionaire Femi Otedola’s Geregu Power gains $380 million in 37 days
The majority of the power-generating company is controlled by Otedola.
Herbert Wigwe’s Access Holdings’ quest for growth continues despite Sidian Bank deal collapse
Herbert Wigwe owns a 4.51-percent stake in Access Holdings.
Nigerian banker Herbert Wigwe says 370 million Africans have no access to financial services
Wigwe owns a 4.51-percent stake in Access Holdings.
Aliko Dangote’s stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos
Dantata is the founder and chairman of MRS Holdings Company Limited.