Nigerian banking tycoon Tony Elumelu to earn $1.16 million in interim dividends from UBA
The dividend will be paid from the bank’s profit for the first half of 2021.
West & Central Africa
Rights group urges Nigeria to pay businessman Ned Nwoko, others $418 million for debt assistance
The consultants facilitated refunds to Nigeria from the Paris and London clubs.
Tony Elumelu’s UBA posts $147.3-million mid-year profit, 36-percent higher than last year
The double-digit growth in profits can be attributed to UBA’s higher interest and non-interest income.
Segun Agbaje-led Guaranty Trust Holding reports 15.8-percent decline in mid-year profit
Guaranty Trust’s profit for the period fell to $194.0 million in the half-year period ending June 30.
Ernest Ndukwe-led MTN Nigeria renews Nigerian license for next 10 years
The company is Nigeria’s largest telecom operator.
Drew Durbin’s Wave becomes Africa’s latest tech unicorn after $200-million Series-A funding round
The investment is the largest-ever Series-A funding round raised by an Africa-based startup.
Ghanian mining tycoon Daniel McKorley offers women-led businesses interest-free loans
The loans were presented to more than 1,000 women-led businesses in the Greater Accra Region.
Nigerian banking tycoon Herbert Wigwe to pocket $1.1-million interim dividends from Access Bank
The dividend will be paid from the bank’s $211.1-million profits earned in the first half of 2021.
Herbert Wigwe’s Access Bank posts $211.1-million mid-year profit on back of robust balance sheet
The leading lender continues to leverage its diverse earnings stream to generate value for shareholders.
Aviation tycoon Allen Onyema signs sponsorship deal with Nigerian Football Federation
The deal makes his Air Peace the official airline carrier of the country’s national football teams.
Nigerian banking tycoon Jim Ovia to pocket $3.7-million interim dividend from Zenith Bank
The dividend will be paid from the bank’s $257.8 million in profits earned in the first half of 2021.
The 10 investors on the Nigerian Exchange with the highest gains in 2021
Founders and investors on the Nigerian Exchange have seen their wealth rise astronomically since the start of the year.
Africa’s wealthiest man Aliko Dangote loses $232 million in 24 hours as Dangote Cement shares plunge on NGX
Dangote Cement is a subsidiary of Dangote Industries Limited, Africa’s most diversified manufacturing conglomerate.
Abdul Samad Rabiu’s BUA Group signs MoU to build plaster of Paris production plant
BUA Group will construct the 2,000-tonne-per-day plant with the Turkish MMM Erba Makina.
Nigerian pharma tycoon Stella Chinyelu Okoli to manufacture active pharmaceutical ingredients
Her company Emzor is a leading pan-African manufacturer and distributor of medical supplies.
Nigerian polyurethane tycoon Samuel Bolarinde sees his wealth surge by $12.1 million this year
Since January, the share price of Bolarinde’s Vitafoam Nigeria has been on the rise.