Jim Ovia’s Zenith Bank surpasses expectations with $143 million in profit in Q1 2023
Ovia is a major shareholder in Zenith Bank, holding a substantial 16.2-percent stake, or 5,072,104,311 ordinary shares.
West & Central Africa
Herbert Wigwe’s Access Holdings to shake up Europe with launch of French unit
Access Holdings is a pan-African financial services conglomerate.
Theophilus Yakubu Danjuma donates 500-capacity hostel to Nigerian university
Danjuma is the founder of South Atlantic Petroleum, an oil and gas exploration and production company.
Aliko Dangote Foundation promises support for stranded Nigerians in Sudan
In recent years, the Aliko Dangote Foundation has emerged as a prominent humanitarian force not only in Nigeria but across Africa.
Herbert Wigwe splashes $24.6 million to boost stake in Access Holdings
After the transaction, the market value of Wigwe’s stake in Access Holdings now amounts to nearly $64 million.
Nigerian media mogul Nduka Obaigbena donates $2.2 million to University
Obaigbena is the highly influential founder of THISDAY newspapers and ARISE News Channel.
Nicky Oppenheimer’s net worth surges above $700 million in 2023
The recent increase in Oppenheimer’s net worth builds on his gains in 2022 when his net worth increased by $75 million.
Ghanaian multimillionaire Joseph Siaw Agyepong secures $33 million for rice production
Agyepong is the founder of Jospong Group, one of Ghana’s largest conglomerates.
Burkina Faso’s richest man Mahamadou Bonkoungou launches Airline
Mahamadou Bonkoungou, Burkina Faso’s richest man, is the founder of the EBOMAF Group
Aliko Dangote’s cement company records $237.8 million profit in Q1 2023
Aliko Dangote’s cement company, Dangote Cement is Africa’s largest cement manufacturer with a production capacity of 51.55 million tonnes
Abdul Samad Rabiu’s BUA Cement firm posts lower earnings; profits slump below $60 million
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.
Nigerian fertilizer mogul Thomas Etuh donates $500,000 hospital to rural community
Etuh is the founder of TAK Agro, the largest blender of fertilizers in Nigeria.
Nigerian billionaire Femi Otedola sells his Transcorp stake to Tony Elumelu
Otedola has sold all his shares in Transcorp to Elumelu, the company’s largest shareholder.
Tony Elumelu confirms plans to spin off Transcorp Power in five years
Elumelu made the disclosure during an interview in which he discussed the potential spin-off of Transcorp Power.
Aliko Dangote’s salt-processing firm delivers record profits in Q1 2023
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
Nigerian billionaires Adenuga, Otedola make waves with Transcorp stakes
Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.