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Aliko Dangote has signed a major equipment deal with Chinese machinery manufacturer XCMG to double the Dangote Petroleum Refinery's capacity to 1.3 million barrels per day by 2029.
Nigerian oil billionaire Muhammadu Indimi will receive N1.44 billion from Jaiz Bank after shareholders approved a 57 percent dividend increase following another year of strong earnings growth.
Debo Olujimi's Emadeb Energy Group has reaffirmed its commitment to the Ibom Field host communities development trust as PPL 236 moves toward expanded production.
Kate Fotso's Telcar Cocoa is getting a late-season boost after its worst trading year in three decades, when purchases plunged more than 50 percent
Femi Otedola now holds 9.27 billion shares in First HoldCo worth N575 billion, cementing his position as the bank's largest individual shareholder.
A missing phone has become the most significant evidentiary gap in the Cameroon murder trial implicating media billionaire Jean Pierre Amougou Belinga in the killing of journalist Martinez Zogo.
Bet9ja founder Kunle Soname has financed the return flights of 66 more Nigerians from South Africa as part of his ongoing personal repatriation initiative.
The Herald's editor Larry Dogbey has been convicted and sentenced to seven days in jail for reporting on a $94 million fraud petition involving Kevin Okyere.
Taiwo Afolabi's SAHCO has formally approved a N1.62 billion dividend payout for shareholders following the company's record-breaking 2025 financial performance and expansion plans into the UAE.
Nigeria's SEC has banned marketing of a purported Dangote Petroleum Refinery IPO, warning no application has been filed with or approved by the regulator.
Paul Kammogne Fokam's Afriland First Group has launched financial advisory and sukuk issuance services across West Africa, deepening its Islamic finance footprint beyond Cameroon.
Abdulsamad Rabiu's BUA Foods has relaunched BUA-branded rice into Nigerian markets as his son Isyaku Khalifa Rabiu takes charge of the group's global procurement and supply chain.
Tony Elumelu told a YouTube interviewer he got rich by luck. Coming from one of Africa's most relentlessly driven billionaires, the admission stopped people cold.
Aliko Dangote has pushed back on Forbes' estimate of his net worth, saying his oil refinery alone is worth more than $40 billion.
Congolese businessman Willy Etoka has married Claudia Sassou Nguesso, daughter of Republic of Congo President Denis Sassou Nguesso, in a ceremony held in Brazzaville.
Cameroonian billionaire Paul Kammogne Fokam's Afriland First Holding has launched Africa Diamond Invest, a new securities firm targeting West African financial markets from a Lomé base.