Aliko Dangote promises higher returns for Dangote Cement’s shareholders
Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.
West & Central Africa
Tony Elumelu’s UBA posts record-breaking Q1 profit of $116 million
Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
Shelter Afrique eyes African diaspora after funding Paul Onwuanibe’s firm
Shelter Afrique recently invested $24 million in Landmark Africa Group.
John Coumantaros takes $30-million hit from Flour Mills investment
Coumantaros’ 63.34-percent stake in the agro-allied group is still up by over $6 million since the start of the year.
Nigerian billionaire Femi Otedola now one of Transcorp’s top shareholders
Otedola now holds a 5.52-percent stake in Transcorp, making him one of the conglomerate’s top shareholders.
Abdul Samad Rabiu donates $11.8 million to 22 Nigerian institutions
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Nigerian oil tycoon Gabriel Ogbechie’s Rainoil launches mega filling station
Rainoil is a key player in Nigeria’s oil industry.
Nigerian billionaire Mike Adenuga’s net worth drops by $100 million
Adenuga remains one of Nigeria’s and Africa’s top billionaires.
Nigerian entrepreneur Damilola Olokesusi leads ride-sharing platform to raise $4 million
Since its inception in 2016, Shuttlers has raised a total of $5.6 million from institutional investors.
Nigerian multimillionaire MMA fighter Israel Adesanya packs $2-million payout
Adesanya will earn $2 million, which includes a $1-million guaranteed payout and additional sponsorships and pay-per-view earnings.
Nigerian entrepreneur Ikenna Nzewi is disrupting Africa’s food industry
Nzewi has seen incredible success in transforming the sale of high-quality raw materials to food factories in Africa.
$100,000 investment in Femi Otedola’s firm 6 months ago is now worth $320,000
In the past six months, the market cap of Otedola’s Geregu Power has risen by $1.21 billion to $1.75 billion.
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.
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.