Nigerian billionaire Abdul Samad Rabiu’s BUA Foods sustains efforts to make rice affordable
BUA Foods, under Rabiu, has maintained its dominant position in the Nigerian economy.
West & Central Africa
Nigerian billionaire Mike Adenuga earns $1.5-million dividend from Julius Berger
Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
Nigerian tycoon Tony Elumelu’s UBA stake hit hard as naira devaluation sends shockwaves
The devaluation of the naira has eroded the gains that Elumelu would have enjoyed from the surge in UBA’s shares.
Dangote ‘no longer Africa’s richest man’ as devaluation forces Forbes to reshuffle Africa’s wealthiest list
Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
Africa’s richest man Aliko Dangote loses $3.2 billion in a day as Nigeria’s currency plunges
The devaluation of the Nigerian currency severely impacted Dangote’s assets, including his 86-percent stake in Dangote Cement.
Nigerian oil tycoon Tein Jack-Rich awarded license to build crude oil export terminal
Jack-Rich is the founder of Belema oil Producing Limited, one of Nigeria’s leading indigenous oil exploration and production companies.
Nigeria’s richest banker Jim Ovia rakes in $30 million in just one day
Ovia rakes in $30 million in just one day as Zenith’s market cap surges past $1.85 billion.
Tony Elumelu’s wife, Awele, purchases 7.3 million new Transcorp shares
Awele Elumelu’s prominence extends beyond her investments, as she has made significant contributions to the healthcare sector.
Africa’s fourth-richest man Abdul Samad Rabiu’s net worth skyrockets by $1.6 billion
Rabiu’s net worth skyrockets by $1.6 billion, securing his position among Africa’s wealthiest people.
Wealthy Lawyer Asue Ighodalo acquires $200,000 in Nigerian Brewery shares
Ighodalo is the co-founder of one of Nigeria’s top three commercial law firms and serves as the chairman of Nigerian Breweries.
Burkinabe tycoon Idrissa Nassa’s Coris Bank acquires Societe Generale’s assets in Mauritania, Chad
The latest move places Nassa-led bank as a key player among the new generation of emerging lenders.
Nigerian billionaire TY Danjuma earns $500,000 dividend from pharma company
TY Danjuma holds a 43.28 percent stake in May & Baker Plc, the oldest pharmaceutical company on the Nigerian Stock Exchange.
Nigerian billionaire Mike Adenuga’s stake in Conoil soars by $59.7 million
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
Nigerian ‘tycoon’ Dozy Mmobuosi allegedly running fraudulent company — Hindenburg Research
Mmobuosi is interested in acquiring the English Football League (EFL) club Sheffield United for more than $110 million.
Nigerian billionaire Abdul Samad Rabiu raises $500 million to boost cement production
Rabiu’s company, BUA Cement, will develop two new, energy-efficient cement production lines at its plant in Sokoto State.
Nigerian venture capitalist Adeyemi Ajao named to Forbes Midas List
Ajao, founder and managing partner of Base10 Partners, is the first Black person to make the Forbes Midas List.