Aliko Dangote pledges 95,000 jobs as refinery expansion targets 1.4 million barrels a day
Aliko Dangote has pledged 95,000 skilled jobs as he scales his Lagos refinery to 1.4 million barrels a day, on track to overtake India's Jamnagar.
West & Central Africa
Aliko Dangote hits $30 billion mark on Forbes billionaires ranking for the first time
Forbes has valued Aliko Dangote at $30.3 billion for the first time, as his producing refinery closes a persistent gap between the world's two top wealth trackers.
Arthur Eze built Africa's biggest private oil portfolio by befriending presidents and almost never drilling a well, and now governments are taking their blocks back
Arthur Eze built Africa's biggest private oil portfolio by cultivating presidents and generals, almost never drilling a well, and flipping blocks to oil majors for enormous profit.
Aliko Dangote pledges N550 million hostel to FUTO
Aliko Dangote pledged N550 million to build a student hostel at FUTO and donated N25 million to students while commissioning a clean energy lab in Owerri, Imo State.
UBA shares drop 10% in early morning trading as investors punish the bank for withholding dividends, wiping N34.7 billion off Tony Elumelu's stake
UBA shares fell 10% Monday after the bank declared no final dividend for FY2025, erasing N34.7 billion from Tony Elumelu's stake in a single morning session.
Nigerian billionaire Abdul Samad Rabiu's fortune jumps $2.8 billion in weeks as record profits from BUA Foods push his wealth past $14 billion
Abdul Samad Rabiu's net worth has surged from $11.2 billion to over $14 billion in weeks, driven by an 83% rally in BUA Cement shares and record BUA Foods profits.
Tycoon Cosmas Maduka says a South-East seaport will end Lagos's grip on Nigeria's economy
Coscharis Group chairman Cosmas Maduka says a South-East seaport would end Lagos's monopoly on Nigeria's import and export economy and force the city to compete.
Tony Elumelu's UBA posts N405 billion profit in 2025
UBA posted N405 billion profit in 2025, down 47% from N767 billion in 2024, as the FX trading gains that padded last year's earnings reversed sharply.
Nigerian businessman Tunde Ayeni arrested by EFCC over alleged diversion of N36.5 billion and $30 million from Polaris Bank
The EFCC has arrested former Skye Bank chairman Tunde Ayeni in Abuja over the alleged diversion of N36.5 billion and $30 million from Polaris Bank through companies linked to him.
Nigerian billionaire Dahiru Mangal's cement company earns 3 ISO certifications less than 2 years after its $1.5 billion plant in Kogi State began operations
Mangal Industries has earned 3 ISO certifications for quality, environment and worker safety less than 2 years after its $1.5 billion cement plant in Kogi State began production.
Indian billionaire Mukesh Ambani's Africa 5G bet is live in Ghana but retail consumers still cannot access it as regulatory disputes linger
Mukesh Ambani's Reliance unit Radisys is powering Ghana's first 5G backbone, now commercially live but entangled in licensing debt and government scepticism.
Nigerian Billionaire Deji Adeleke donates N500 million to launch Osun Security Trust Fund
Billionaire Deji Adeleke, father of music star Davido, has donated N500 million to the Osun State Security Trust Fund launched by his brother Ademola.
Nigerian oil heirs Ameena and Zara Indimi accuse Stanbic IBTC of foul play in $30 million Oriental Energy judgment fight
Twin sisters Ameena and Zara Indimi are accusing Stanbic IBTC of failing to freeze $30 million in Oriental Energy accounts, raising contempt of court allegations against multiple Nigerian banks.
Pan-African billionaire Benedict Peters sends 3 sensor-equipped aircraft to Madagascar to map the island's untapped mineral wealth under a deal with the country's government
Pan-African billionaire Benedict Peters is deploying 3 sensor-equipped aircraft to map Madagascar's mineral resources for free under a government deal signed in December 2025.
FirstHoldCo storms ahead of rivals, surging 32% in a month to become Nigeria's best-performing tier-one bank stock ahead of Q1 results
FirstHoldCo has rallied 32% in the past month to become the best-performing tier-one bank stock on Nigeria's exchange, outpacing GTCO, Zenith Bank, Access Holdings and UBA.
Ernest Obiejesi loses again as Court lifts EFCC shield on firms linked to Nestoil Group, clearing the way for a probe into a $1 billion debt dispute
A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute.