Greek businessman John Coumantaros loses $3.3 million as stake in Flour Mills plunges
With a 63.34-percent stake in Flour Mills, Coumantaros is one of Nigeria’s most successful and respected business leaders.
West & Central Africa
7 companies owned by Nigerian multimillionaire Oba Otudeko
Otudeko is the founder and chairman of Honeywell Group, a Nigerian conglomerate with holdings in property, energy and engineering services.
Nigerian businessman Ken Etete pays $15 million to acquire FPSO
Nigerian multimillionaire Ken Etete, 48, serves as the chairman and CEO of Century Group, which is the first domestic energy infrastructure provider.
Aliko Dangote’s Dangote Cement unveils $65.8 million share buyback
Dangote Cement, with a production capacity of 51.55 mtpa spread across ten countries, aims to enhance shareholder value through the buyback program.
Nigerian tycoon Oba Otudeko reportedly linked to 4.7-billion-share cross deal in FBNH
The transaction took place on the local bourse on Thurs., July 6, stirring speculation about Otudeko’s potential plans and intentions.
One of Nigeria’s richest bankers, Herbert Wigwe, gains $14.5 million in 12 days
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.
Nigerian multimillionaire Bassim Haidar looks to exit Optasia to focus on cannabis
Haidar is the founder of multinational fintech company Optasia that provides mobile financial services.
Nigerian billionaire Igho Sanomi-backed charity to donate $160,000 to needy children
Founded by Nigerian philanthropist Nuhu Kwajafa and backed by Igho Sanomi , GIPLC funds charity projects that uplift vulnerable children in Nigeria.
Cameroonian billionaire Samuel Foyou’s brewery suspends staff over poor sales
Cameroonian tycoon Samuel Foyou, who is one of the country’s richest men, established Brasaf in 2014 and also owns Fermencam, a distillery.
Africa’s richest list reshuffled amid devaluations: Nigerian billionaires suffer, South African billionaires thrive
While South African billionaires enjoyed substantial gains from their well-diversified portfolios, their Nigerian counterparts bore the brunt of devaluations.
Nigerian tech tycoon Leo Stan Ekeh to invest $250 million in renewable energy across Africa
Ekeh emphasized that the investment aims to expand access to competitive and climate-friendly electricity supplies in Nigeria.
Nigerian billionaire Benedict Peters eyes lithium deposit in Zimbabwe
Peters made headlines in 2019 when he embarked on a platinum mining venture in Zimbabwe.
Nigerian gas tycoon Julius Rone seals deal with Afreximbank for FLNG project
Rone is the founder of UTM Offshore, a company that is building the country’s first FLNG facility.
Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in latest ranking
Dangote, who recently lost his long-held title as Africa’s richest man, now finds himself in the second position on the Nigerian Exchange.
Google executive Juliet Ehimuan, who led growth in West Africa, exits company
Ehimuan was appointed as Google’s country manager for Nigeria in 2011 and represented the company in partnership opportunities in West Africa.
The 25 richest people on the Nigerian Stock Exchange
Billionaires.Africa presents its ranking of the 25 richest investors on the Nigerian Stock Exchange in 2023.