Transcorp’s top shareholder title within reach for Femi Otedola
Nigerian billionaire Femi Otedola is the third-richest investor on the Nigerian Exchange.
West & Central Africa
Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Nigerian insurance tycoon Wole Oshin loses nearly $2 million in three weeks
Oshin is the founder of Custodian Investment, a Lagos-based investment group.
Congolese entrepreneur Washikala Malango’s firm bags $18 million debt financing
In 2013, Altech was founded by Malango and Iongwa Mashangao with the objective of addressing DRC’s energy deficit.
Herbert Wigwe’s Access Holdings posts robust Q1 profit of $154 million
Wigwe holds a 4.51-percent stake in Lagos-based financial services conglomerate, Access Holdings Plc.
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
Theophilus Yakubu Danjuma’s IMG records $11.6 million in revenue
Danjuma holds a significant 72-percent stake in IMG.
Herbert Wigwe’s Access Holdings achieves record $500-million comprehensive income
The Wigwe-led group has solidified its position as the largest bank in Nigeria by total assets with its assets surging to $32 billion.
Transcorp’s market cap up by $55 million following Femi Otedola’s acquisition
The company’s market capitalization has surged by $42 million since the news of the acquisition broke on April 12.
Aliko Dangote hits $20-billion net worth, joining elite ranks of world’s billionaires
The surge in Dangote’s net worth makes him the 82nd richest man in the world.
Segun Agbaje-led GTCO records $367.4-million profit in 2022
Agbaje emphasized the group’s commitment to sound business strategies and strong fundamentals.
Led by Peter Ashade, United Capital rakes in $5.3 million in profit in Q1 2023
United Capital is an investment bank and a pan-African financial services group led by Ashade.
Aliko Dangote promises higher returns for Dangote Cement’s shareholders
Dangote Cement achieved its highest revenue in history at the end of its 2022 fiscal year.
Tony Elumelu’s UBA posts record-breaking Q1 profit of $116 million
Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
Shelter Afrique eyes African diaspora after funding Paul Onwuanibe’s firm
Shelter Afrique recently invested $24 million in Landmark Africa Group.
John Coumantaros takes $30-million hit from Flour Mills investment
Coumantaros’ 63.34-percent stake in the agro-allied group is still up by over $6 million since the start of the year.