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.
West and Central Africa
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.
Nigerian industrialist Rasaq Okoya marks 86th birthday with free cancer screenings, health outreach in Lagos
Industrialist Razaq Okoya is celebrating his 86th birthday by sponsoring a week of free cancer screenings and health checks in Ajah, Lagos.
United Bank for Africa posts $363.5 million Q3 profit, deepens capital base
United Bank for Africa reported N538bn profit after tax for Q3 2025, with assets climbing to N32.5trn and shareholders’ funds up 26%, reflecting strong performance and robust capitalisation.
Nigerian power billionaires set for windfall as government moves to clear $2.7 billion electricity debt
A long-stalled $2.7 billion debt cleanup could unlock cash and capacity for Nigeria’s billionaire-owned power plants.
Nigerian billionaire Femi Otedola set for big returns as Geregu Power projects $29 million profit in 2025
Geregu Power, under Femi Otedola’s leadership, forecasts record 2025 earnings of ₦44 billion ($29 M), signaling strong revenue growth amid Nigeria’s power challenges.
Tony Elumelu's UBA faces Ghana FX ban
The Bank of Ghana has suspended UBA Ghana’s foreign exchange licence, piling pressure on Tony Elumelu.
Cameroon's wealthy Mukete family fights Libyan bank over $200 billion iron ore deposit
Cameroon’s richest iron ore reserve has triggered a court fight in London, pitting the Mukete family against Libya’s central bank over ownership.
Juicyway secures $3 million to transform cross-border payments
Nigerian fintech startup Juicyway aims to streamline currency exchange with a hybrid DeFi-TradFi solution.
Oando posts $725 million revenue in Q3 2024, records $8.5 million net profit amid operational efficiency
Oando achieves strong financial performance, driven by cost management and improved operations.
Glo Mobile loses 43 million subscribers as Nigeria’s telecom market faces a 69-percent subscriber drop
Regulatory actions and stricter SIM identification requirements reshape Nigeria's telecom landscape.