Austin Avuru’s Seplat Energy declares $0.025 interim dividend payout for shareholders
Seplat Energy is a Nigerian oil and gas company dual-listed in London and Nigeria.
West & Central Africa
Tony Elumelu’s Transcorp suffers $8.9-million loss in four days as shares tumble from high
The loss came off the back of a sell-off in the company’s shares.
Aliko Dangote’s sugar business posts $30.6-million mid-year profit amid strong sales
The sugar refiner has a 1.44-million-metric-tonne refining capacity, making it Nigeria’s largest sugar producer.
Babs Ogundeyi’s Kuda Bank raises $55-million Series B, now valued at $500 million
Kuda Bank is a London-based, Nigeria-operating fintech company.
Aliko Dangote’s cement company posts $476.3-million mid-year profit as sales surge
The profit represents a 51.9-percent growth when compared with last year’s figures.
Nigerian tycoon Wole Oshin to pocket $379,000 dividend from Custodian
The dividend will be paid from the company’s profit in the first half of the year.
Mansoor Al-Mahmoud-led QIA to invest $200 million in Airtel Africa’s mobile money business
The Qatar Investment Authority’s transaction values the mobile money business at $2.65 billion.
Nigerian energy magnates Austin Avuru, ABC Orjiako to pocket $4.3-million Seplat dividend
Seplat Energy is the largest listed oil company on the Nigeria Exchange (NGX).
AMCON takes over insurance assets belonging to Nigerian tycoon Jimoh Ibrahim
Ibrahim is the group managing director and controlling shareholder of NICON Insurance and Nigeria Re.
Abdul Samad Rabiu donates $2.43 million to University of Benin
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Nigerian logistics tycoon Taiwo Afolabi’s new $118.4-million hotel experiences power hiccup
The Lagos Marriott recently suffered from a power outage lasting nine hours.
Leading Nigerian tech innovator Odunayo Eweniyi’s PiggyVest acquires Savi.ng
Savi.ng is a wealth management app founded in 2018.
Ade Adeyemi-led Ecobank Group posts $154 million in profits for H1 2021
This is a 20-percent improvement from the $128.88 million posted as profits in the first half of 2020.
Leading Nigerian angel investor Olumide Soyombo launches investment company Voltron Capital
Voltron is a pan-African VC firm helping tech startups on the continent access early-stage funding.
Ghanaian serial investor Daniel Ofori earns $2.50 million as Societe Generale Ghana shares rise
The gain came on the back of a nearly 50-percent rise in the shares of the Ghana-based lender.
Ade Ayeyemi-led Ecobank partners with Microsoft, LinkedIn to empower SMEs across Sub-Saharan Africa
The bank will empower SMEs with digital skills to leverage online resources for business growth.