Nigerian oil magnate Gabriel Ogbechie’s Eterna launches $14.9 million rights issue
Eterna launches a $14.9 million rights issue as Gabriel Ogbochie moves to strengthen the company’s finances and expand operations.
West & Central Africa
Belgian SIAT invests $100 million in Nigerian tycoon Rasheed Sarumi-led Presco
Belgian SIAT invests $100 million in Presco to expand Nigeria’s palm oil production and boost Edo State’s economy.
Nigerian billionaire Abdul Samad Rabiu to expand empire with new rice processing line
Abdul Samad Rabiu signs a new deal in Dubai to build a 32-tonnes-per-hour rice processing line as BUA Foods’ earnings surge.
Nigerian magnate Aderemi Makanjuola’s Caverton unveils Nigeria’s first electric ferry
Caverton unveils Nigeria’s first electric ferry as Aderemi Makanjuola expands the group’s clean-energy push on Lagos waterways.
Seplat, co-founded by Austin Avuru, completes key offshore gas upgrade
Seplat, co-founded by Austin Avuru, boosts offshore output after completing its key Inlet Gas Exchanger upgrade in OML 67.
Idrissa Nassa's Coris Bank gets $11.6 million investment from Dutch lender to support expansion
Coris Bank, led by Idrissa Nassa, secures $11.6 million from Dutch lender FMO to fund WAEMU expansion, strengthen digital banking, and boost lending capacity.
Nigerian billionaire Femi Otedola’s First HoldCo joins Microsoft to expand innovation in Africa
Femi Otedola’s First HoldCo partners with Microsoft to expand innovation and technology solutions across Nigeria and Africa.
Nigerian oil magnate Gabriel Ogbochie’s stake in Eterna rebounds above $20 million
Richemont, controlled by South Africa’s Johann Rupert, posted $12.3 billion in half-year sales as strong jewelry demand and solid retail gains lifted results.
Africa's richest man, Aliko Dangote, to triple fertilizer output in Nigeria
Aliko Dangote aims to triple Nigeria’s fertilizer output to 9 million tons, expanding operations and boosting exports.
Nigerian billionaire Femi Otedola’s First HoldCo completes FBNQuest sale
First HoldCo, chaired by Femi Otedola, finalizes FBNQuest sale, streamlining operations and shifting ownership to EverQuest group.
Access Holdings, led by Aig-Imoukhuede, plans $27.7 million private placement
Access Holdings moves to raise $27.7 million in new capital as Aig-Imoukhuede strengthens the group’s growth plan.
Africa’s richest man Aliko Dangote strikes deals in India to boost refinery, fertilizer plans
The deals, sealed yesterday, mark a major step in his effort to secure Africa’s fuel supply and reduce the region’s dependence on imports.
Court halts $3.66 million tax order against Tony Elumelu-linked AEDC
Federal High Court halts $3.66 million tax order against Tony Elumelu-linked AEDC, sending the case back to the tribunal.
U.S.-Nigerian telecom mogul Sam Darwish gains $6.7 million from IHS stake
The rebound comes after a challenging period between Sept. 12 and 27, when his stake fell from nearly $100 million to $86.19 million.
Nigerian magnate Aderemi Makanjuola’s Caverton plans recovery after $36 million loss
Caverton launches a groupwide overhaul as Aderemi Makanjuola moves to curb losses and restore profit after a $36 million setback.
Paystack fires Nigerian co-founder Ezra Olubi amid sexual misconduct allegations
Paystack fires co-founder Ezra Olubi over sexual misconduct allegations as the company faces scrutiny on workplace governance.