Nigerian tycoon Tony Elumelu commits $1 billion to Kenya infrastructure
Nigerian tycoon Tony Elumelu commits $1 billion to Kenya’s infrastructure projects after meeting President William Ruto.
Nigerian tycoon
Nigerian tycoon Temitope Lawani's Helios unveils $75 million share buyback
Helios Towers approves a $75 million share buyback as its African and Middle East telecom portfolio strengthens.
Nigerian tycoon Temitope Lawani's Helios posts $634 million revenue in 9M 2025
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
Nigerian tycoon Rasheed Sarumi-led Presco sees profit doubles as revenue surge to $187 million
Rasheed Sarumi-led Presco sees profit surge to N110.79 billion and revenue climb to N274.5 billion on higher palm oil prices.
Nigerian cocoa magnate John Alamu taps capital markets to raise $67.5 million for Johnvents expansion
John Alamu is turning to Nigeria’s capital markets to fund the next phase of Johnvents Industries’ cocoa processing and export expansion.
Court freezes account of Nigerian tycoon Abdullahi Bashir-Haske’s firm Mars Aviation in alleged NNPCL contract scandal
A court in Abuja froze a Mars Aviation bank account as anti-graft investigators probe alleged sham oil-sector contracts tied to Abdullahi Bashir-Haske.
Wema Bank, partly owned by gambling magnate Adebutu, wins nod for $100 million capital raise
The capital raise, which opened on April 14 and closed on May 21, was part of the lender’s plan to meet the CBN’s recapitalization directive for commercial banks.
Nigerian tycoon Muazzam Mairawani plans $600 million cement plant to rival Dangote, Rabiu
Nigerian tycoon Muazzam Mairawani plans a $600 million cement plant in Kebbi, challenging Dangote Cement and BUA.
Nigerian tycoon Rasheed Sarumi-led Presco gets nod for $162.8 million raise
Presco shareholders approve $162.8 million rights issue to fund acquisitions, expansion, and balance sheet growth under Rasheed Sarumi’s leadership
Nigerian tycoon Abdullahi Bashir Haske targeted as EFCC seeks to freeze $15 million account: Report
EFCC seeks to freeze $15 million belonging to Nigerian businessman Abdullahi Bashir Haske amid money laundering and criminal conspiracy claims.
Nigerian tycoon TY Danjuma’s IMG gets backing for $4.2 million rights issue
TY Danjuma’s IMG wins shareholder support for $4.2 million rights issue after revenue surge; expands investments in power, gas, and agribusiness sectors.
Fidson stake held by Nigerian tycoon Fidelis Ayebae rises by $2.4 million
Over the past 30 days, his stake has surged by N3.8 billion ($2.4 million), propelling the market value of his stake above $13 million.
Fidson stake held by Nigerian tycoon Fidelis Ayebae tops $10 million
Since the start of the year, his stake has risen by N4.94 billion ($3.08 million), thanks to a steady rally in Fidson’s share price.
15 companies owned by Nigerian tycoon Emeka Offor
Emeka Offor's empire spans key sectors like oil, gas, power, logistics, and media, driving Nigeria’s economic development and creating lasting industry impact.
Seplat, co-founded by Nigerian tycoon Austin Avuru, buys back $567.46 million in notes to cut debt
The transaction, which covers 87.3 percent of the outstanding amount, is part of a broader plan to streamline its capital structure and ease debt obligations.
Nigerian tycoon Kessington Adebutu’s Wema Bank plans $98.9 million rights issue
The offering includes 14.29 billion shares priced at N10.45 ($0.007) each, reinforcing the bank’s efforts to strengthen its financial position.