Femi Otedola-linked FBNH posts triple-digit earnings growth as profit exceeds $200 million
Otedola owns a substantial 5.57 percent of First Bank of Nigeria Holdings.
West & Central Africa
Africa’s richest man Aliko Dangote’s net worth slumps by $200 million in October
Aliko Dangote is the world’s richest Black person.
Nigerian energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Orjiako and Avuru own a 6.43-percent and 8.2-percent stake in Seplat Energy, respectively.
Nigerian banking magnate Jim Ovia’s Zenith Bank posts $399 million in profit in 9M 2022
Ovia owns 16.2 percent of Zenith Bank.
American-Nigerian telecom tycoon Sam Darwish’s IHS Holding to spend $214 million to cut carbon footprint
Darwish owns 3.5 percent of the telecom infrastructure company.
Energy mogul Bryant Orjiako’s Seplat posts more than $70 million in profit amid surge in oil prices
Orjiako owns a 6.43 percent stake in Seplat Energy.
Nigerian banker Herbert Wigwe’s Access Holdings to acquire stake in Sigma Pensions
Wigwe owns a significant 4.27-percent stake in Access Holdings.
Segun Agbaje-led GTCO reports slight rise in earnings as profit nears $300 million in 9M 2022
Earnings during the first nine months of 2022 were significantly impacted by rising operating costs and tax obligations.
Abdul Samad Rabiu overtakes Mike Adenuga to reemerge as Nigeria’s second-richest billionaire
Rabiu’s net worth has recently risen above $5.6 billion.
Nigerian billionaire Tony Elumelu’s UBA posts $265.6 million in profit in 9M 2022
Elumelu owns a sizable 6.39-percent stake in the financial services group.
Nigerian investment banker Peter Ashade’s United Capital gains $29 million in 18 days
Ashade has been at the helm of United Capital since 2018.
British-Nigerian entrepreneur Ladi Delano’s Moove secures $16.6 million to scale up UK operations
Founded by Delano and Jide Odunsi in 2020, Moove has successfully scaled to nine markets across Sub-Saharan Africa and India.
Cameroonian businessman Paul Fokam’s Afriland launches Togo investment holding
Fokam is one of Africa’s richest men.
Nigerian billionaire Abdul Samad Rabiu gains nearly $1 billion in 27 days as BUA Cement shares rebound
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Nigerian billionaire Femi Otedola’s Zenon wins $19.2-million arbitration award against Ardova
Ardova reported a $8.93-million loss for the 2021 fiscal year.
Nigerian mogul Tony Elumelu signs $1.4-million deal to empower Rwandan youths
The four-year agreement was signed through his Africa-focused non-profit, Tony Elumelu Foundation.