Nigerian businessman Tony Elumelu gains $3 million in 32 days from UBA stake
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
West & Central Africa
GTCO, led by Nigerian banker Segun Agbaje, posts $370-million half-year profit
Agbaje’s leadership has been pivotal to GTCO’s remarkable success as he continues to guide the group to new heights.
Nigerian gambling magnate loses $4 million from Wema Bank investment
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto, holds a 28.15-percent stake in Wema Bank.
Africa’s richest man Aliko Dangote back among world’s top 100 billionaires
The majority of Dangote’s wealth is anchored in his 86-percent stake in Dangote Cement, Africa’s largest cement producer.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to reduce cement prices
Rabiu’s statement follows a strategic agreement between BUA Cement Plc and Sinoma International Engineering Co., Ltd.
Nigeria’s richest pastor David Oyedepo to lose private jet hangar
Oyedepo, known as Nigeria’s wealthiest preacher and founder of Living Faith World Outreach Ministry, one of Africa’s largest congregations.
Nigerian multimillionaire Ladi Jadesimi pockets $470,000 Aradel Holdings dividend
Jadesimi, who is the founder of Lagos-based LADOL, owns a 4.7-percent stake in Aradel Holdings, an oil-producing company.
Nigerian banker Atedo Peterside’s Stanbic IBTC stake dips by $1 million
Peterside owns a 1.14-percent stake in Stanbic IBTC, which translates to 133,611,115 ordinary shares in the group.
Greek tycoon John Coumantaros’ Flour Mills achieves over $2 billion in revenue
Coumantaros owns a controlling 63.34-percent stake in Flour Mills of Nigeria Plc through his entity Excelsior Shipping Company.
7 companies owned by Nigerian magnate Kola Karim
Under Karim’s leadership, Shoreline has emerged as a dominant force in Africa’s collaborative business landscape.
10 companies owned by Nigerian multimillionaire Tony Elumelu
Elumelu’s influence extends far beyond his business endeavors, making him a beacon of inspiration for future generations.
Google’s former boss in West Africa, Juliet Ehimuan, becomes director at Zenith Bank
Ehimuan, a prominent figure in the African tech industry and a key player in Google’s growth in Africa, left the company in late June.
Africa’s richest man achieves massive wins on NGX as portfolio surpasses $7.7 billion
Dangote’s expansive investment portfolio positions him ahead of his African peers, including South African billionaire Johann Rupert.
Case filed by Cameroon’s richest man casts doubt on MTN’s $200-million investment
The legal uncertainty cast by Baba Ahmadou Danpullo, who ranks as Cameroon’s richest man, threatens the group’s $200-million investment.
Tony Elumelu’s wealth skyrockets with Transcorp stake closing in on $100 million
Through his investment firm, HH Capital, Elumelu owns a 29.5-percent stake in Transnational Corporation of Nigeria (Transcorp).
U.S.-Nigerian telecom tycoon Sam Darwish suffers $40-million loss
Darwish holds a substantial 4.17-percent stake in IHS Holdings, amounting to 13,958,158 shares in the group.