The Secret Behind MTN Nigeria's Dominance Under Karl Toriola
MTN Nigeria's impressive growth is a testament to Karl Toriola's strategic leadership, with a focus on investing in network infrastructure and driving digital inclusion.
West and Central Africa
Tony Elumelu Foundation adds three global heavy-hitters to advisory board
The Tony Elumelu Foundation has appointed three new Advisory Board members, including Badr Jafar, Per Heggenes and Harvard professor Paul Gompers.
Devtraco, led by Ghanaian real estate mogul Joseph Aidoo, opens prime property to Nigerian capital
High-net-worth Nigerians are quietly moving capital into Accra's premium property market, drawn by dollar yields, stable tenants and structured entry through Devtraco Group.
AMNI chief Tunde Afolabi Targets 12,000 bpd at Okoro in Nigeria offshore push
AMNI International has mobilised a drilling rig to Nigeria's Okoro field, targeting output above 12,000 barrels per day in a three-well offshore campaign.
AfDB approves $7 million backing for Saviu to power Francophone startups
AfDB commits €6.5M to Saviu II fund, targeting early stage tech startups in Francophone West and Central Africa amid slowing venture capital flows.
BUA Cement triples 2025 profit to N356bn as Abdul Samad Rabiu’s giant lifts dividend and cuts leverage
BUA Cement’s 2025 profit surged to N356 billion as sales topped N1.17 trillion, prompting a higher dividend and reduced leverage.
Seplat, co-founded by Nigerian businessman Austin Avuru, reports $2.73 billion revenue surge
Seplat Energy posted a 144 percent revenue jump to 2.73bn dollars in 2025, boosted by offshore assets and stronger gas output.
Nigerian business tycoon Taiwo Afolabi’s SIFAX Group trains 90 Lagos students in AI
SIFAX Group trains 90 Lagos students in AI and tech skills, expanding its youth empowerment drive across communities in Nigeria.
Armstrong Takang’s MOFI declares $16.9m dividend payout to shareholders
MOFI posts N25.3bn profit and declares a $16.9m dividend after expanding mortgage disbursements across 21 states and the FCT.
Nigerian tycoon Emma Bishop Okonkwo is reportedly building a Novotel hotel in Lagos
Ekulo Group chief Emma Bishop Okonkwo is taking his consumer goods empire into hospitality, backing a 170 room hotel project on Victoria Island.
Billionaires.Africa ranks the 30 richest investors on the Nigerian Exchange in 2026
Using late January 2026 closes and N1,460 to $1, we ranked the biggest disclosed NGX shareholders and priced their listed stakes.
Billionaires.Africa ranks the 20 richest investors on the Ghana Stock Exchange in 2026
Ghana’s 2025 market rally reshaped the wealth table on the GSE. Here are 20 investors with the biggest disclosed listed stakes.
UTM Offshore CEO Julius Rone sets 2026 start date for Nigeria's first Floating LNG project
UTM Offshore CEO Julius Rone announced that Nigeria first floating LNG facility will begin construction in 2026, marking a major step for the gas sector.
Senegalese multimillionaire Kabirou Mbodje jailed in Paris as rape allegations case deepens
A Paris court kept Wari founder Kabirou Mbodje in custody, rejecting release as prosecutors cite witness pressure fears and flight risk.
Liberian watchdog questions Nigerian billionaire Arthur Eze, Oranto ties as offshore oil blocks near award
Liberia watchdogs question Oranto Petroleum’s return to offshore blocks, urging tougher vetting as Arthur Eze-linked deals move toward new contracts.
May & Baker returns to profit; billionaire Danjuma family remains controlling shareholder
May & Baker Nigeria’s late year rebound pushed earnings higher in 2025, while the TY Danjuma family maintained a controlling stake.