Tony Elumelu’s wife, Awele, acquires $14-million stake in Transcorp
Awele Elumelu acquired a 5.076-percent stake in Transcorp, making her one of the largest shareholders in the conglomerate.
West & Central Africa
Zenith Bank CEO Ebenezer Onyeagwu invests in bank’s future with 8 million new shares
Onyeagwu’s stake in Zenith Bank has increased from 0.26 percent, or 82,176,078 shares, to 0.29 percent, or 90,176,078 shares.
Nigerian oil tycoon Abdulwasiu Sowami completes acquisition of Ardova, pays Femi Otedola $19 million
In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.
MTN Nigeria CEO Karl Toriola’s daughter acquires shares in company
While Damilola joins the ranks of the group’s minority shareholders, her father, Toriola holds a stake of 0.0201 percent in MTN Nigeria.
Herbert Wigwe invests $3.51 million in Lagos-based lender, Access Holdings
The transaction has increased Wigwe’s stake in Access Holdings from 9.19 to 9.62 percent.
Tony Elumelu acquires $1.21 million shares in UBA to consolidate holdings
Elumelu’s latest acquisition brings the market value of his stake in UBA to $42.57 million.
Femi Otedola’s siblings, Ayokunle and Rotimi, acquire additional $2 million stake in Geregu
Geregu Power is a leading power-generating company led by Femi Otedola, one of Africa’s richest billionaires.
Ivorian banker Jean Diagou’s NSIA Group snaps up four Sanlam units
Diagou and his family own 61 percent of NSIA Group.
Joseph Siaw Agyepong’s group, ZeroNox, unite for fleet retrofit electrification project
Agyepong founded Jospong Group as a printing press in 1995. Today, it has become one of the largest conglomerates in Ghana.
Nigerian billionaire Femi Otedola opens up on Transcorp saga, Elumelu relationship
Nigerian billionaire Femi Otedola has opened up on the Trasncorp saga and his relationship with Tony Elumelu.
Ten companies owned by Aliko Dangote that you’ve never heard of
Dangote owns several valuable, privately-held, unquoted companies that add hundreds of millions of dollars to his wealth.
Aliko Dangote’s cement company pays over $80 million in income taxes in Q1 2023
The Dangote-led cement behemoth sold 6.27 million metric tonnes of cement in Q1 2023.
Meet Tosin Eniolorunda: Visionary leader breaking boundaries in Nigeria’s fintech industry
In 2015, Eniolorunda founded Moniepoint Inc. with a vision to create a society where everyone experiences financial happiness.
Nigerian media mogul Mo Abudu launches new cinema label
Abudu has been producing compelling movies and entertainment content since 2006 when she founded Ebonylife TV.
Abdul Samad Rabiu becomes Africa’s third-richest man, ousting Nicky Oppenheimer
Rabiu’s net worth has surged to $8.6 billion, surpassing South African billionaire Nicky Oppenheimer.
Moniepoint, led by Tosin Eniolorunda hits $43-billion transaction milestone in Q1 2023
Moniepoint Inc. is an innovative financial software company.