Nigerian energy mogul Wale Tinubu recounts $9,000 bet that became $300 million
Nigerian energy mogul Wale Tinubu recounts how a $9,000 bet grew into a $300 million gas company over decades.
West & Central Africa
Africa’s richest man, Aliko Dangote, starts 2026 with $410 million net worth increase
Aliko Dangote’s net worth rises $410 million to $30.4 billion driven by Dangote Cement gains and investor confidence.
Nigerian logistics tycoon Taiwo Afolabi maps SIFAX expansion across West Africa
Nigerian logistics tycoon Taiwo Afolabi outlines SIFAX Group’s 2026 strategy, focusing on technology, execution and expansion across West Africa.
Nigerian oil magnate Auwalu Abdullahi Rano’s AA Rano launches unmanned fuel stations
AA Rano Nigeria introduces automated, unmanned fuel stations with 24/7 service, digital payments, and SmartPump technology.
Nigerian oil mogul Mohammed Indimi gains $22 million from Jaiz Bank stake in 2025
Jaiz Bank’s shares rose sharply in 2025, lifting Mohammed Indimi’s stake by $22 million amid stronger earnings and a firmer naira.
Aliko Dangote’s $20 billion refinery warns fuel prices may double in Nigeria
Dangote Refinery says petrol prices could rise to N1,400 per liter if Nigeria relies on imports instead of local refining.
Nigerian energy tycoon Tope Shonubi's Sahara Group plans 7,000 MW expansion
Sahara Power targets 6,500 to 7,000 megawatts in three to five years, backed by policy reforms, debt repayment and new energy investments.
Idrissa Nassa opens $1.33 million amphitheater in Burkina Faso
Burkinabe businessman Idrissa Nassa opens a $1.33 million amphitheater to enhance education and professional training.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $10.16 million profit
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts record profit of N14.54 billion ($10.16 million) in 2025.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.
Aliko Dangote's refinery loads 43 million liters, denies petrol shutdown
Dangote refinery loads 43 million liters of petrol, denies shutdown, and assures steady supply amid price fluctuations.
Nigerian investor Tope Lawani’s Helios completes Axxela stake sale to BlueCore
Helios Investment Partners has completed the sale of its majority stake in Nigeria’s Axxela to the BlueCore energy consortium.
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build slowly, honor values
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build steadily, honor values, and grow with patience and discipline.
Mr. Eazi pledges $2 million to build new live event venues in Accra
Mr. Eazi commits $2 million to build new indoor and outdoor live event venues in Accra, expanding capacity for major performances year-round.
Femi Otedola urges higher minimum as FirstBank hits $346 million capital target
FirstBank reaches $346 million minimum; Femi Otedola urges raising international banking capital to $692 million.
Nigerian executive Wola Joseph-Condotti-led West Power exits Eko DisCo in $250 million deal
West Power, led by Nigerian executive Wola Joseph-Condotti, has sold its 60 percent stake in Eko DisCo in a N360 billion, $250 million transaction.