Nigerian oil tycoon Adewale Tinubu’s Oando rebounds from losses, profit soars above $75 million
Oando is a Nigerian integrated energy solutions provider.
West & Central Africa
Nigerian banking magnate Jim Ovia’s Zenith Bank posts $486.4 million in profit in 2022
Ovia owns a substantial 16.2-percent stake in Zenith Bank.
Nigerian billionaire Femi Otedola urges incoming gov’t to fix electrcity transmission
Otedola is the chairman of Geregu Power Plc, a publicly traded power generating company.
Nigerian businessmen Kola Aluko, Jide Omokore forfeit $53 million to U.S. Justice Department
Aluko and Omokore paid bribes to Nigeria’s former petroleum minister to corner juicy contracts.
Nigerian tech entrepreneur Shola Akinlade buys European football club one year after launching club in Lagos
Akinlade is now the majority owner of Aarhus Fremad.
Nigerian philanthropist Afe Babalola donates $12.2 million to King’s College London to empower African youths
The generous contribution will be used to establish the Afe Babalola African Center for Transnational Education at King’s College London.
Abdul Samad Rabiu’s net worth skyrockets to $8.2 billion, now closer to being Africa’s third-richest person
Rabiu is also one of the continent’s most prominent philanthropists.
Nigerian banker Herbert Wigwe’s Access Holdings to acquire new banking unit in Zambia
Wigwe holds a 4.51-percent stake in Access Holdings.
Seplat ends contract with Nigerian energy magnate over breaches endangering its $3.5 billion in assets
Seplat parted ways with Orjiako due to multiple material corporate governance breaches.
Meet Richmond Bassey, Nigerian entrepreneur making investment opportunities more accessible for Africans
Bassey is revolutionizing the way Africans can invest in the global capital market.
Herbert Wigwe meets French ambassador to Nigeria amid plans to launch new Access Bank unit in France
This is Wigwe’s second meeting with the ambassador this year.
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.
Africa’s richest man Aliko Dangote sustains $51.9-million loss in 24 hours after gaining $100 million
Dangote’s net worth stands at an astounding $19.6 billion.
Nigerian insurance tycoon Wole Oshin’s Custodian Investment posts $25 million in profit in 2023
Custodian Investment is a prominent player in the Nigerian financial services sector.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.
Nigerian billionaire Benedict Peters set to receive African Philanthropist Award in Rwanda
Peters has more than 30 years of successful business leadership experience.