Femi Otedola regains spot on Africa’s richest list as stake in Geregu Power nears $2 billion
Otedola joins a select group of African billionaires whose holdings in publicly traded companies exceed $1.5 billion.
West & Central Africa
Nigerian billionaire banker Jim Ovia has lost over $18 million so far in March
Ovia holds a significant 16.2-percent stake in Zenith Bank
Nigerian billionaire Mike Adenuga’s net worth declines by $100 million in 43 days
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
Meet Gregory Rockson: Ghanaian entrepreneur set to expand his startup in Nigeria with $43-million investment
Rockson is dedicated to transforming healthcare for patients across Africa.
Nigerian multimillionaire banker Herbert Wigwe loses $1.5 million from Access Holdings stake
Wigwe is regarded as one of the most successful bankers in Nigeria.
Meet 14-year-old Nigerian-British model making waves as Forbes’ youngest Under 30 Europe honoree
Jordan Oguntayo is a young Nigerian-British model whose work ethic is unmatched.
Aliko Dangote inches closer to $20-billion net worth milestone as Dangote Cement shares surge
The surge in Dangote’s net worth cements his dominance as the wealthiest person on the continent.
Nigerian tech billionaire Gbenga Agboola splashes $7.1 million on luxurious Miami home
Agboola’s net worth is reported to be in the billion-dollar range.
Greek businessman John Coumantaros gains $25.6 million from stake in Flour Mills
Coumantaros, a Nigeria-based Greek businessman, controls 63.34 percent of Flour Mills.
Nigerian media mogul Guy Murray-Bruce joins Henkel Nigeria’s inaugural advisory council
Murray-Bruce is the president of Silverbird Group.
Femi Otedola’s Geregu poised to transform Nigeria’s power industry with 1,300 MW surge
Otedola’s Geregu Power is the eighth most valuable company on the Nigerian Exchange.
Nigerian energy titans Orjiako, Avuru to pocket $6.46 million in dividends
Orjiako and Avuru are the founders of Seplat Energy.
Tech billionaire Gbenga Agboola’s Flutterwave denies losing $6.3 million to hackers
This development comes just three weeks after the fintech unicorn regained access to $52.5 million in frozen funds.
Beninese tycoon Dare Okoudjou’s MFS Africa partners with Western Union to facilitate payment in over 200 countries
Okoudjou founded MFS Africa in 2009.
Nigerian banking magnate Jim Ovia’s Zenith Bank receives approval to restructure into a holding company
Ovia has been appointed as the chairman of Zenith Holdco Plc.
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.