Nigerian businessman Aderemi Makanjuola’s Caverton posts sharp Q4 revenue drop as quarterly loss narrows slightly
Caverton Offshore Support Group reported a steep Q4 revenue slide to 3.74 billion naira as its net loss eased.
West & Central Africa
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Abdul Samad Rabiu’s BUA Foods posts $366 million profit as Nigeria staples drive sales
BUA Foods reported a $366 million profit as strong demand for staples like sugar, flour, pasta and rice lifted sales and assets despite inflation pressures.
Aradel, led by Adegbite Falade, secures $250 million to expand Nigerian oil and gas operations
Aradel, led by Adegbite Falade, secures $250 million to expand oil and gas operations and increase stake in ND Western.
Nigerian business icon Adekunle Ojora passes away at 93
Adekunle Ojora, 93, renowned Nigerian business leader and investor, passes away, leaving decades of corporate impact.
OPEC’s first female president spent $2.75 million at Harrods, London court hears
Diezani Alison-Madueke, OPEC’s first female president and Nigeria’s ex-oil minister spent $2.75 million at Harrods, facing UK bribery scrutiny.
Africa’s richest man, Aliko Dangote's refinery lifts petrol prices 14 percent
Africa’s richest man Aliko Dangote raises petrol prices by 14 percent as global crude oil prices climb after U.S. supply disruptions.
Nigerian tycoon Taiwo Afolabi eyes offshore vessel expansion after Indimi’s $315 million bet
Nigerian logistics tycoon Taiwo Afolabi plans new offshore vessels to expand SIFAX Marine’s oil and gas operations.
Kenyan tycoon John Kimani's Kakuzi wins Supreme Court reprieve in land case
Kakuzi Plc, partly owned by John Kimani, wins temporary Supreme Court reprieve in a long-running land dispute affecting operations.
Senegalese financier Ibrahim Sagna joins Africa-Gulf council after Silverbacks’ 10th exit
Senegalese financier Ibrahim Sagna joins the Africa-Gulf council weeks after Silverbacks’ 10th exit, expanding his role in cross-border investment.
Dangote Refinery IPO could push Nigeria’s stock market over $140 billion
Aliko Dangote’s $20 billion refinery IPO may push Nigeria’s stock market above $140 billion, opening shares to local and global investors.
Nigerian billionaire Arthur Eze’s Atlas Oranto cites $45 million investment before Senegal license loss
Atlas Oranto spent $45 million on Senegal exploration and staff training before the government revoked its offshore license.
Aliko Dangote’s refinery benefits as Europe, U.S. shut fuel plants
Aliko Dangote’s refinery gains global importance as U.S. and European shutdowns tighten fuel supply in the Atlantic Basin.
Nigerian businessman Tony Elumelu joins Seplat Energy as non-executive director
Seplat said Tony Elumelu’s experience will strengthen board oversight as the company pursues growth in Nigeria’s evolving energy market.
Abdul Samad Rabiu’s BUA Cement plans 20 million-tonne capacity with $240 million expansion
Abdul Samad Rabiu’s BUA Cement plans a $240 million expansion to lift production capacity to 20 million tonnes within 20 months.