Nigerian banker Herbert Wigwe’s Access Holdings pours $300 million into flagship banking business
Herbert Wigwe owns a 4.51 percent stake in Access Holdings, Nigeria’s largest bank in terms of assets.
West & Central Africa
Nigerian billionaire Tony Elumelu to pocket $4.65 million in dividends from UBA
Elumelu owns a significant 6.9-percent stake in UBA.
Nigerian billionaire Abdulsamad Rabiu set to receive whopping $162-million dividend from BUA Foods
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Nigerian pharma tycoon Fidelis Ayebae’s Fidson smashes expectations with $9.08-million profit
Fidson Healthcare has established itself as a leading player in the Nigerian and West African pharmaceutical industries.
Burkinabe tycoon Idrissa Nassa’s Coris Bank rises to new heights as market cap surpasses $460 million
Coris Bank has become a formidable force in the financial services industry.
Aliko Dangote’s group charts bold plan to make Nigeria self-sufficient in vital industries
Dangote commits $700 million to expand sugar business, boost sugar sufficiency in Nigeria.
Nigerian tech entrepreneur Favor Ori’s PayDay continues rapid expansion with Kenya launch
PayDay is a fintech startup that facilitates global money transfers for Africans.
Contractor drags Nigerian billionaire Mike Adenuga’s firm to court over alleged $775,000 debt
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
PalmCI, led by Ivorian Billon family, makes waves with $280 million market cap milestone
Palm Cote d’Ivoire SA is an agro-allied company based in Cote d’Ivoire.
Led by Africa’s richest man, Dangote Industries completes $650-million bond listing
The listing is the largest issuance of local currency bonds on the capital market so far this year.
Nigerian oil tycoon Wale Tinubu makes bold move: Investment firm launches bid to take Oando private
In November 2005, Oando shares were listed on the JSE.
Ghanaian Shipping tycoon Daniel McKorley’s salt company fingered in electricity theft
Electrochem Ghana Limited is a subsidiary of McKorley’s McDan Group.
Tony Elumelu’s Transcorp delivers big returns: Shareholders to receive $4.41-million dividend payout
Elumelu holds a total of 840,632,956 ordinary shares in Transcorp.
Africa’s richest man Aliko Dangote bounces back with $400-million single-day surge after $300-million setback
Dangote is the founder and chairman of Dangote Group.
Nigerian billionaire Theophilus Danjuma loses bid to acquire Angolan oil block
Danjuma is the founder of SAPETRO.
Nigerian entrepreneur Tosin Eniolorunda leads $3-million investment in fintech startup, Payday
Moniepoint Inc. is a financial software company.