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.
West & Central Africa
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.
Real estate mogul Mustapha Njie partners with Sierra Leone to create affordable housing
His company TAF Africa Global Limited has signed a memorandum of understanding with the government.
Namibian tycoon Wilhelm Shali to earn 15-percent stake in African Pioneer’s Namibia projects
Shali will personally own a 15-percent stake in the projects.
NNPC to feed Dangote Oil Refinery daily with nearly half its crude oil supply
The refinery will have a capacity of 650,000 barrels per day.
Jim Ovia’s Zenith Bank posts $257.8-million half-year profits, two-percent higher than previous year’s figures
Zenith Bank is a leading multinational financial service provider based in Nigeria.
The seven richest people on the Ghana Stock Exchange
Although most wealthy Ghanaians shun their local bourse, some retain a portion of their portfolios on the exchange.
Nigerian billionaire Abdul Samad Rabiu donates $4.8 million to construct University College of Medical Sciences in Sokoto
The ASRi is the philanthropic arm of BUA Group.
Yahui Zhou’s OPay emerges as Africa’s latest unicorn with $2-billion valuation
OPay is the latest member of Africa’s unicorn club, which includes Flutterwave, Jumia, Interswitch and Fawry.
Aliko Dangote’s cement company to engage investors in new $364.4-million debt facility
The issuance reflects Dangote Cement’s continued interest in engaging fixed-income investors.
Nigerian banker Herbert Wigwe gains $6.5 million as Access Bank shares surge
The bank’s shares have been on the rise, as investors remain optimistic about its financial performance.
Ernest Ndukwe-led MTN Nigeria wants to invest $1.46 billion to expand network infrastructure in country
MTN Nigeria is a subsidiary of the South African multinational telecom giant MTN Group.
Nigerian tycoon Oba Otudeko’s flour milling business accrues 94-percent gain in two weeks
Honeywell Flour Mills is an integrated flour milling company.