Nigeria’s richest banker loses $158 million to naira devaluation
Despite the fiscal setbacks he has endured, Ovia’s position as Nigeria’s richest banker remains steadfast.
West & Central Africa
Ghana’s richest investor Daniel Ofori gains $1.3 million in 53 days
Ofori, the richest investor on the Ghana Stock Exchange, holds a beneficial 6.8-percent stake in Societe Generale Ghana.
Congolese billionaire Lucien Ebata to raise $580 million in pre-export financing for oil shipments
Ebata, one of Africa’s richest men, is the founder and CEO of Orion Oil and publisher of Forbes Afrique.
Gambian tycoon Mustapha Njie’s TAF spearheading multibillion-dollar housing opportunity in Africa
The African continent stands on the precipice of transformation, with urbanization rates skyrocketing and economies burgeoning.
Cameroon’s richest man Baba Ahmadou Danpullo brings MTN to its knees
Earlier this year, Danpullo accused First National Bank of orchestrating the misleading seizure and liquidation of his South African properties.
Dangote’s net worth surges to $11 billion, overtaking South African billionaire Johann Rupert
With his net worth presently standing at $11 billion, the disparity in wealth between Dangote and Rupert becomes evident.
Ensuring the longevity of African family businesses: The critical role of governance and estate planning
Mutendi outlines the critical role of governance and estate planning in family enterprises.
Nigerian banker Herbert Wigwe suffers $9-million loss from stake in Access Holdings
Wigwe, the group managing director and CEO of Access Holdings, Nigeria’s largest lender in terms of assets, holds a 9.09-percent stake in the lender.
CBN approves billionaire Femi Otedola as director of FBN Holdings
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
Nigerian billionaire Aliko Dangote is back on top as Africa’s richest man
Dangote’s return to the top of the continent’s richest list follows a surge in his net worth, as reported by Forbes.
Nigerian tycoon Fidelis Ayebae loses over $1 million from Fidson stake
Ayebae owns an impressive 33.1-percent stake in Fidson Healthcare.
10 top investments of Flutterwave billionaire Olugbenga Agboola
Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
Segun Agbaje, one of Nigeria’s richest bankers, holds $1.3-million stake in PepsiCo
In addition to his stake in PepsiCo, Agbaje maintains a 0.14-percent minority stake in GTCO.
Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.