Billionaire industrialist Abdul Samad Rabiu sells shares in BUA Cement worth $4.69 million in May
Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.
West & Central Africa
Ghanaian investor Patrick Kingsley-Nyinah to pocket $132,299 in dividends from Ghana Oil
GOIL is a leading player in Ghana’s oil and gas sector.
Abdul Samad Rabiu’s ASRi awards Ghana with $3-million educational infrastructure grant
Ghana will receive the grant from ASRi’s annual $100-million Africa Fund for Social Development and Renewal.
Nigerian businessman Umaru Abdul Mutallab to pocket $291,908 in dividends from stake in Jaiz Bank
Jaiz Bank is Nigeria’s first non-interest bank operating under Islamic banking principles.
Africa’s richest man Aliko Dangote moves to expand investments in Cameroon market
The group already has a 1.5-million-tonne cement grinding facility in the Francophone West African country.
Emirati investor Hussain Al-Nowais’ AMEA Power launches West Africa’s largest solar plant in Togo
AMEA Power develops thermal and renewable energy in Africa, the Middle East and Asia.
Stake of Nigerian polyurethane tycoon Samuel Bolarinde gains $8.29 million in Vitafoam Nigeria Plc
Bolarinde led the company’s board between 2002 and 2013 after retiring as managing director and CEO in March 2002.
Africa’s richest man Aliko Dangote moves to tap into U.S., Brazilian fertilizer markets
Several weeks ago, Dangote launched a $2.5-billion fertilizer plant that produces three times more than local consumption.
Air Peace makes paradigm shift in Nigerian aviation industry, says owner Allen Onyema
The company recently added a new Embraer (E195-E2) to its commercial fleet.
Nigerian lawmaker who sought to extort billionaire Femi Otedola bags seven years in prison
Farouk Lawan sought and obtained a bribe from Otedola during a probe into an alleged fuel subsidies scam.
Abdulsamad Rabiu donates $24.3 million to support healthcare across Nigeria
The states to benefit from the latest disbursement include Ogun, Sokoto, Kwara and Edo.
Ghanaian magnate Daniel Ofori suffers losses of $370,047 from stake in CAL Bank since April 30
The decline can be attributed to the profit-taking activities of retail investors who exited the bank.
Stake of Nigeria’s second richest man Mike Adenuga in Conoil gains $2.26 million in 21 days
The gains follow a surge in the oil marketing company’s share price.
DRC moves to revoke oil exploration licenses issued to controversial Israeli billionaire Dan Gertler
The licenses allow his companies to manage two oil blocks bordering Uganda to the east.
Nigerian tycoon Obafoluke Otudeko’s stake in Honeywell Flour Mills gains $3.6 million in June
The gains are linked to the recent rise in the flour miller’s share price on the Nigerian Stock Exchange.
Nigerian retail tycoon Francis Atuche sentenced to jail for fraud after 10-year legal battle
His trial at the Ikeja High Court ran for 12 hours.