Lagos sues Air Peace founder over ₦94 million tax dispute
Lagos State has sued Air Peace founder Allen Onyema over a ₦94 million tax claim in a high-profile enforcement action.
West & Central Africa
South Africa is seeking a 12-month fuel supply deal with Aliko Dangote's refinery as the Iran war chokes off Middle East supplies
South Africa is pursuing a 12-month fuel supply deal with Aliko Dangote's Nigerian refinery as the Iran war disrupts Middle East supply chains.
Ghana's opposition accuses tycoon Ibrahim Mahama of capturing the country's mining sector less than a year after his brother returned to power
Ghana's parliamentary minority is accusing Ibrahim Mahama of capturing the country's mining sector less than a year into his brother's presidency.
Tony Elumelu Foundation is deploying $16 million to 3,200 African entrepreneurs in its 2026 cohort
Tony Elumelu Foundation is giving $5,000 each to 3,200 African entrepreneurs in 2026, deploying $16 million in total seed capital across Africa.
French billionaire Vincent Bolloré will stand trial in December over corruption charges tied to port deals in Togo and Guinea
French billionaire Vincent Bolloré will stand trial in December over bribery and embezzlement charges tied to African port deals in Togo and Guinea.
French President Macron picks Nigerian tycoon Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May
Emmanuel Macron has appointed Nigerian billionaire Tony Elumelu to lead France's new Africa Impact Coalition ahead of the Nairobi summit in May.
Dangote Refinery drives $3.74 billion in crude imports into Nigeria as trade patterns shift
Aliko Dangote's refinery drove $3.74 billion in crude imports into Nigeria in 2025, flipping the country's oil trade script entirely.
Lebanese billionaire Gilbert Chagoury's troubled legal history scrutinized in $1 billion Snake Island port deal
The companies behind Nigeria's $1 billion Snake Island port deal carry histories of bribery penalties, money laundering convictions and tax charges.
The Economist: Africa's biggest businessman is reshaping the continent
He built Africa's largest refinery. Now he wants to industrialize the entire continent. In a rare interview from his Lagos office, Aliko Dangote — the only African among the world's 100 richest people — talks oil prices, continental ambition, and why he believes no one else will do what he's doing.
Tony Elumelu's Transcorp hits record $399 million revenue, profit up 44-percent
Tony Elumelu's Transcorp Group has delivered the most commanding financial performance in its history, posting $399 million in revenue for full year 2025 and a 44% surge in profit after tax, as the conglomerate signals aggressive expansion across power and hospitality heading into 2026
Burkina Faso tycoon Mahamadou Bonkoungou circles Dassault’s new Falcon 10X as EBOMAF expands its aviation ambitions
Burkina Faso businessman Mahamadou Bonkoungou was a front-row guest at Dassault's Falcon 10X unveiling in Bordeaux this month.
Aliko Dangote slashes Nigeria petrol imports to historic low
Aliko Dangote's refinery supplied 92% of Nigeria's petrol demand in February, cutting the country's dependence on foreign fuel to a record low.
Sam Darwish's IHS Towers swings to $126.8 million profit as MTN's $6.2 billion takeover looms
Sam Darwish's IHS Towers swung to a $126.8 million profit in 2025, reversing a $1.64 billion loss, as MTN's $6.2 billion takeover moves toward completion.
Dangote signs $4.2 billion gas deal with China's GCL Group to build East Africa's biggest fertilizer plant
Aliko Dangote has sealed a $4.2 billion, 25-year natural gas deal with China's GCL Group to fuel East Africa's biggest fertilizer plant.
Gilbert Chagoury's ITB wins MSC's Lagos port build as two private dynasties unite on a $1 billion Snake Island bet
Gilbert Chagoury's ITB Nigeria has won the construction contract on Diego Aponte's MSC Snake Island port deal, uniting two of the world's most secretive business dynasties on a $1 billion Lagos bet.
President Tinubu taps GTBank co-founder Fola Adeola to lead a new petroleum sector reform taskforce in Nigeria
President Tinubu has appointed GTBank co-founder Fola Adeola to chair a new presidential taskforce on petroleum sector reform.