Africa’s richest man adds $769 million to fortune in 24 hours; net worth surpasses $21 billion
President Tinubu’s bold policies propel the Nigerian equities market, catapulting Africa’s richest man Aliko Dangote’s fortune.
West & Central Africa
Nigeria’s richest banker Jim Ovia rakes in $26 million in single day as NGX soars
This recent surge has further solidified Ovia’s position as one of the most affluent investors on the Nigerian Exchange.
Nigerian media mogul Raymond Dokpesi passes away at 71
Dokpesi made significant contributions to Nigeria’s media landscape, particularly with the establishment of RayPower FM.
Nigerian billionaire Femi Otedola pays tribute to legendary banker Subomi Balogun
Balogun, the doyen of investment banking in Nigeria, passed away in London last Friday at 89.
Mike Adenuga’s Conoil reports record $6.5 million profit in Q1 2023
Adenuga controls a majority stake of 74.4 percent in Conoil.
Nigerian billionaire Abdul Samad Rabiu rockets to prominence on Bloomberg’s billionaires’ list
Rabiu joins Bloomberg’s billionaires’ list, showcasing Africa’s rising business leaders.
Greek multimillionaire John Coumantaros makes $8.94 million in profit in 37 days from Flour Mills stake
Coumantaros holds a 63.34-percent stake in Flour Mills.
American-Nigerian mogul Sam Darwish’s IHS misses expectations with Q1 profit of $7.6 million
IHS Holding ranks as the largest telecom infrastructure group in Africa, Europe, Latin America, and the Middle East.
Nigerian billionaire banker Jim Ovia scores $43-million gain from Zenith Bank stake
Ovia’s stake in Zenith Bank soars, adding $42.93 million in value in 34 days amid a bullish market.
Aliko Dangote unveils $20.5-billion mega-refinery, fuel production set to begin in June
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
Nigerian businessman Tony Elumelu’s stake in UBA now worth $44 million
Elumelu’s strategic acquisition boosts stake in UBA to $44 million, cementing position as one of Nigeria’s leading investors.
Africa’s richest man Aliko Dangote’s fortune surges by $1.81 billion in 2023
Dangote’s fortune surges by $1.81 billion in 2023, fueled by Dangote Cement’s remarkable performance.
Ghanaian tycoon Daniel McKorley’s McDan Aviation boosts operations with two new aircraft
McKorley’s McDan Aviation expands fleet with two new aircraft, elevating luxury air travel in Ghana and West Africa.
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Nigerian billionaire Mike Adenuga strikes gold as Conoil stake skyrockets by $24 million
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
Nigerian billionaire Kola Karim, Mota Engil win Abuja airport concession
Karim is a part owner of Mota Engil Nigeria, which is a joint venture between his Shoreline Group and Mota Engil.