Court cancels corruption allegations against Nigerian billionaire Benedict Peters
Peters is the founder of Aiteo Group.
West & Central Africa
Nigerian banker Herbert Wigwe acquires additional stake worth $1.5 million in Access Holding
The deal has solidified his interest in the group.
Nigerian telecom billionaire Mike Adenuga has now lost $1 billion since start of 2022
Adenuga is one of the world’s 500 wealthiest billionaires.
Namibian tycoon Quinton van Rooyen’s Trustco gets suspended from JSE after court loss
Trustco takes pride in investing in high-quality world-class assets.
Ghana’s richest stock investor Daniel Ofori loses more than $11 million from stake in GCB Bank
Ofori owns 7.49 percent of GCB Bank.
Africa’s richest billionaire Aliko Dangote gains $700 million in one week
Dangote’s net worth has rose by $700 million in the past week.
South African businessman Jens Montanana’s Datatec posts lower earnings in H1 2023
Montanana owns a significant 11.98-percent stake in the Johannesburg-based group.
Nigerian banker Herbert Wigwe acquires another 45 million shares in Access Holdings
Access Holdings is Nigeria’s largest financial services group by assets.
Greek mogul John Coumantaros’ Flour Mills suffers $11-million reduction in profit in H1 2023
Coumantaros controls 63.3 percent of Flour Mills through Excelsior Shipping Company Limited.
Abdul Samad Rabiu to construct $2.3-million ICT hub at Nigerian university
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Nigerian tycoon Tony Elumelu’s stake in UBA sheds $6.8 million, as shares plunge on NGX
Elumelu is on track to pocket another sizable dividend in 2023.
OPEC says Aliko Dangote’s petrochemical refinery to account for over half of Africa’s refining additions
THE Dangote Refinery is a $19-billion integrated petrochemical refinery complex.
Nigerian billionaire Femi Otedola celebrates 60th birthday on $750,000-a-week yacht owned by Aristotle Onassis
Otedola is one of Nigeria’s richest men.
Nigerian billionaire Aliko Dangote’s sugar company posts record earnings, with profits exceeding $56 million
Dangote owns 72.3 percent of Dangote Sugar Refinery.
U.S. billionaire Jeff Bezos’ cloud computing business AWS opens first office in Nigeria
AWS is a subsidiary of Amazon.com.
Nigerian billionaire Abdul Samad Rabiu’s food business posts $156.5 million in profit in 9M 2022
Rabiu and his son own 99.8 percent of BUA Foods.