Nigerian tycoon Theophilus Danjuma acquires additional 60-percent controlling stake in BOC Gases
The recent 60-percent acquisition is equivalent to 249,746,823 ordinary shares.
West & Central Africa
Nigerian court restrains AMCON from further actions against tycoon Jimoh Ibrahim
Ibrahim is the group managing director of NICON Insurance and Nigeria Re.
Nigeria’s third-richest man Abdul Samad Rabiu loses $751.22 million in 108 days
BUA Cement is the second-largest producer of cement products in Nigeria after Dangote Cement.
Nigerian oil tycoon Emeka Offor donates medicine worth $24.36 million to local health facilities
Health facilities across Nigeria will benefit from the donation from the Sir Emeka Offor Foundation.
Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
Ken Njoroge’s Cellulant acquires Ghanaian payment services provider license
Barely a month ago, the Bank of Tanzania issued it a license to operate in Tanzania.
John Coumanataros to earn $10.43 million in dividends as Flour Mills of Nigeria announces dividend payout
The food and agro-allied group revealed that it will pay a final dividend of $0.0040 per share.
Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.
Meet Dr. Michael K. Obeng, the Ghanaian plastic surgeon to Hollywood, royalty and supermodels
Ghanaian-born, Harvard-trained Dr. Michael K. Obeng is one of the most sought-after cosmetic experts in the United States.
Nigerian oil billionaire Benedict Peters donates 50 gunboats and drones to Navy
Peters made the donation through his Lagos-based company, Aiteo Global Group.
British-Nigerian tech entrepreneur Ladi Delano secures $23 million for Moove Africa B.V. expansion
Moove is a mobility fintech app that provides revenue-based vehicle financing to mobility entrepreneurs in Africa.
Nigerian pilot and businessman Hosa Okunbo dies at 63
Okunbo was diagnosed with pancreatic cancer last September.
Aliko Dangote’s sugar refinery moves to invest $1 billion in Nigeria expansion
The announcement follows a move by the Central Bank, naming the company one of the country’s sole three sugar importers.
Nigeria approves $2.7 billion for stake in Dangote Refinery
Minister of State for Petroleum Resources Timipre Sylva made the announcement on Aug. 4 in Abuja.
Ghana appoints media mogul Edward Boateng as managing director of state-owned oil refinery
The media mogul served as Ghana’s fifteenth ambassador to China from June 2017 to November 2020.
Mike Adenuga’s Conoil posts $2.58-million mid-year profit; earnings surge by 213 percent
Its revenue expanded from $139.63 million to $164.27 million.