Nigerian billionaire Mike Adenuga’s Conoil posts $13.5 million in profit in 2022
Conoil is a petroleum marketing firm.
West & Central Africa
Femi Otedola’s Geregu Power sets milestone with audited results as market cap hits $1 billion
Geregu Power is the first NGX-listed company to publish its audited financials in 2023.
Nigerian billionaire Abdul Samad Rabiu’s food conglomerate achieves milestone with $195-million profit
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Meet Cameroonian entrepreneur who raised $2.7 million in seed funding for his startup in 2022
Waspito is a Douala-based health social networking platform.
Nigerian billionaire heiress Bella Disu builds shopping mall in Lagos
Disu is the daughter of Nigerian billionaire Mike Adenuga.
U.S. billionaire Jeff Bezos’ cloud business AWS launches new Local Zones location in Lagos
AWS is a subsidiary of Amazon.com, Inc.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses $800-million market cap on NGX
Geregu Power is a power-generating company.
Nigerian billionaire Mike Adenuga has now gained $600 million so far in 2023
Adenuga owns a 74.4-percent stake in Conoil.
Nigerian entrepreneur and energy tycoon Michael J. Prest ventures into renewable energy
Prest is the founder of Petrodel and Bank of Nevis International.
Nigerian banker Herbert Wigwe says 370 million Africans have no access to financial services
Wigwe owns a 4.51-percent stake in Access Holdings.
Aliko Dangote’s group says $19-billion refinery will be unveiled before Buhari’s term ends
Dangote is set to become the first Black person in history to lay claim to a $30-billion fortune.
Aliko Dangote’s stepbrother Sayyu Dantata launches $450-million lubricant plant in Lagos
Dantata is the founder and chairman of MRS Holdings Company Limited.
Jim Ovia gains $61.3 million in 110 days as Zenith Bank shares rise 29 percent on NGX
Ovia owns a 16.2-percent stake in Zenith Bank.
This Nigerian venture capitalist led his VC firm in raising $46 million in 2022
Kola Aina is a key player in the African venture capital space.
Cameroonian tycoon Paul Fokam’s Afriland partners with BGFI to co-finance CEMAC region projects
Fokam is one of Africa’s richest men, according to Forbes Afrique.
Aliko Dangote is set to become Africa’s first $30-billion man
Dangote is the founder of Dangote Group.