Idrissa Nassa's Coris Bank Posts 22% First-Quarter Profit Jump in West Africa Banking Expansion
Coris Bank, founded by Idrissa Nassa, posted a 22% rise in first-quarter profit in 2026, continuing its strong run across West Africa.
West & Central Africa
Ernest Obiejesi's Nestoil $2.1 billion debt blocks dividends at 3 banks
Ernest Obiejesi's Nestoil owes Nigerian banks approximately N2.9 trillion ($2 billion) and the CBN has blocked dividends at UBA, Access Holdings and FCMB until the loans are fully provisioned.
Dangote Petroleum Refinery recalls 800 engineers after union dispute, issues conditional pardon
Dangote Petroleum Refinery has recalled around 800 engineers previously redeployed following a labour union dispute, granting a conditional pardon.
Dangote Group calls reports of rift with Tony Elumelu false and malicious
The Dangote Group has dismissed reports alleging a rift between Aliko Dangote and Tony Elumelu, threatening legal action against anyone spreading the claims.
Nigerian billionaire Dahiru Mangal's son wins APC ticket in Katsina, unseating a two-term sitting rep
Abba Mangal, son of billionaire Dahiru Mangal, has emerged as the APC candidate for Katsina Central, ending a two-term incumbent's return bid.
Stanbic IBTC founder Atedo Peterside says Nigeria could face a crisis if the ADC Is blocked from 2027 elections
Atedo Peterside warned that Nigeria risks a serious legitimacy crisis if the ADC is prevented from contesting the 2027 presidential election.
Ghanaian billionaire Ibrahim Mahama's Damang Mine delivers its first 110 kilograms of gold directly to Ghana's central bank
Ibrahim Mahama's Damang Gold Mine has sold its first 110 kilograms of output to Ghana's Gold Board for the central bank's reserves, weeks after taking over the mine from Gold Fields.
Nigerian tycoon Wale Babalakin writes off a N132 billion airport debt and hands back MMA1 to the government in a deal that finally ends a 20-year fight over Lagos's private terminal
Wale Babalakin's Bi-Courtney has written off a N132 billion judgment debt and returned MMA1 to the government, ending a 20-year dispute over Lagos's MMA2 private airport terminal.
Access Holdings posts record N743bn profit in FY2025
Access Holdings posted a record N743 billion profit in 2025, up 16% from the prior year, with FX gains and pan-African acquisitions driving a result that made it an outlier among Nigeria's biggest banks.
Senegalese billionaire Yérim Sow's Bridge Bank targets Guinea Conakry with a 2027 subsidiary as his Teyliom Group pushes deeper into West Africa's mining corridor
Yérim Sow's Bridge Bank Group Côte d'Ivoire plans to launch a subsidiary in Guinea Conakry by 2027, extending the Teyliom Group lender's West African footprint into one of Africa's richest mining economies.
Nigeria's 2nd richest man Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares
BUA Cement shares surged 24.8% in 4 trading days, adding N2.7 trillion ($1.95 billion) to Abdul Samad Rabiu's stake value after Q1 profit more than doubled to N176 billion.
Nigerian billionaire Arthur Eze loses another license as South Sudan strips Oranto Petroleum of Block B3 for failing to drill or pay
South Sudan has declined to renew Oranto Petroleum's Block B3 licence after Arthur Eze's company failed to conduct seismic surveys, drill a single well or meet financial obligations since 2017.
Billionaire Abdul Samad Rabiu's BUA Foods grows profit to $103 million in Q1 2026 even as revenue falls 11%
BUA Foods posted $103 million profit in Q1 2026, up from $99 million a year earlier, even as revenue fell 11%, with cost control doing the heavy lifting.
Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026
Dangote Cement posted $234 million profit in Q1 2026, up 53% from a year earlier, as volumes rose to 7.47 million tonnes and pan-African losses shrank dramatically.
FirstHoldco Chairman Femi Otedola pays tribute to Mike Adenuga as the Oil and Telecoms billionaire turns 73
Femi Otedola has marked Mike Adenuga's 73rd birthday by recalling how the Globacom founder told him 24 years ago in Epe that he would be a great man.
Oil tycoons Igho Sanomi and Kevin Okyere deny bribing former Nigerian oil minister Diezani Alison-Madueke
Nigerian oil tycoon Igho Sanomi and Ghanaian businessman Kevin Okyere have denied paying bribes to former Nigerian oil minister Diezani Alison-Madueke at her London trial.