Nigerian billionaire Mike Adenuga’s Conoil posts 262% jump in nine-month profit
Conoil Plc, the fuel marketer controlled by Nigerian billionaire Mike Adenuga, more than tripled its nine-month profit as revenue rose 37% to ₦280 billion.
Nigerian Exchange
Burkina Faso tycoon Mahamadou Bonkoungou’s $1.2 billion Gabon contracts face calls for audit
Gabonese opposition politician Michel Ongoundou Loundah has called for the publication of contracts awarded to Burkinabe tycoon Mahamadou Bonkoungou's Ebomaf group.
Nigerian aviation tycoon Aderemi Makanjuola’s Caverton posts $10 million nine-month loss
Caverton Offshore Support Group, controlled by Nigerian tycoon Aderemi Makanjuola, nearly tripled its nine-month loss to ₦13.7 billion as finance costs mounted.
Sugar company controlled by Africa's richest man swings to $56 million profit
Nigerian billionaire Aliko Dangote’s Dangote Sugar swung to a $55.9 million nine-month profit after a N485.9 billion rights issue cut its borrowings by nearly 90%.
Nigerian tycoon Nonso Okpala’s VFD Group nearly doubles nine-month profit as investment income surges
Nigerian tycoon Nonso Okpala’s VFD Group nearly doubled nine-month profit to N13 billion, as investment income jumped 52.6% and fee income nearly quadrupled.
Nigerian tycoon Taiwo Afolabi's SAHCO wins Air Algérie deal at Lagos, Abuja airports
SAHCO, the Nigerian airport services company controlled by tycoon Taiwo Afolabi, will handle Air Algérie's new Lagos flights and its existing Abuja service.
Nigerian billionaire Aliko Dangote's $1.6 billion refinery IPO draws investors from 119 countries
Orders from Nigerian and retail investors alone have covered the $1.6 billion target of Aliko Dangote's refinery IPO, as foreign buyers seek stakes.
Nigerian banking tycoon Atedo Peterside’s Stanbic IBTC stake is worth $17.8 million
Atedo Peterside started IBTC in 1989 and built it into Stanbic IBTC. His 150 million shares in the Lagos-listed group are now worth $17.8 million.
Nigerian billionaire Aliko Dangote loses $640 million as Dangote Cement shares fall 5.5%
Aliko Dangote lost about $640 million on Monday as Dangote Cement shares fell 5.5% to ₦1,008, leading a ₦1.47 trillion slide on the Lagos bourse.
Nigerian entrepreneur Nonso Okpala's stake in VFD Group climbs to $14.6 million
Nonso Okpala helped start VFD Group from a Lagos parking space. His family office's stake in the listed investment firm is now worth $14.6 million.
Nigerian billionaire Aliko Dangote’s refinery IPO draws investors from 51 African countries
Aliko Dangote’s refinery says its IPO has drawn investors from more than 90 countries, including 51 of Africa’s 54 nations, before the Oct. 27 close.
Nigerian billionaire Aliko Dangote's refinery stake could be worth $55 billion
Renaissance Capital now values Africa's biggest refinery at ₦700.41 a share, which would make Aliko Dangote's stake worth about $55 billion.
Nigerian billionaire Aliko Dangote’s refinery IPO sparks new listing talks at Nigeria’s stock exchange
Nigerian Exchange CEO Temi Popoola says Aliko Dangote’s refinery IPO has sparked private listing talks with several companies, with listings expected from next year.
Nigerian billionaire Tony Elumelu buys 6 million more Seplat shares, lifting stake to 21%
Tony Elumelu bought 6 million more Seplat shares through Heirs Energies, raising his combined stake in the Nigerian oil producer to 21.07%.
The $100 Million Investor Club on the Nigerian Exchange: All 17 Members and What They Own
Seventeen investors held Nigerian Stock Exchange shares worth at least $100 million at Friday's close. Here is every stake they own and what each is worth.
Dangote refinery IPO priced at N525 a share, valuing it at $47 billion
Nigeria's SEC approved the Dangote refinery IPO at 525 naira a share. The 4.1 billion share offer opens Sept. 14 and could raise $1.55 billion.