Nigerian tycoon Aliko Dangote receives $21.1 million in dividends from sugar business
The sum is 33-percent less than in 2021.
West & Central Africa
Greek magnate John Coumantaros to receive $13.4 million in Flour Mills dividends
Coumantaros owns a majority 63.34-percent stake in the agro group.
Africa’s richest man Aliko Dangote restates commitment to 1.5 metric tonnes per year of sugar production
Dangote Sugar Refinery has a refining capacity of 1.44 million metric tonnes.
Nigerian mogul Tony Elumelu loses over $7.1 million as UBA shares fall from record highs
Elumelu owns a sizable 6.96-percent stake in the banking group.
Nigerian billionaire Abdul Samad Rabiu overtakes telecom mogul Mike Adenuga in Forbes ranking
Rabiu is now Africa’s fifth-richest man.
Nigerian billionaire Mike Adenuga’s net worth slumps by $200 million since start of 2022
Adenuga derives the majority of his wealth from his telecom company and his investments in the Nigerian oil industry.
Shell to receive final bids from Nigerian mogul Tony Elumelu’s oil firm, others for $2.3-billion oil assets
The move comes nearly a year after the British energy giant announced plans to divest its interests in Nigeria.
LSE lauds Nigerian energy mogul Bryant Orjiako’s achievements at Seplat Energy
The LSE’s statement comes just a few weeks after Orjiako retired as chairman.
Africa’s wealthiest man, billionaire Aliko Dangote loses $700 million in 10 days
But with his fortune of $20.3 billion, he remains Africa’s richest man.
Nigerian billionaire Femi Otedola dumps shares in FBHN worth $17.8 million
The transaction is expected to have an impact on Otedola’s dividend earnings.
Led by Herbert Wigwe, Access Bank acquires Kenya’s Sidian Bank
The deal is worth Ksh 4.3 billion ($36.7 million).
Nigerian tech tycoon Mitchell Elegbe’s Interswitch to start paying allowances to employee spouses
Interswitch did not specify how much it will pay or the range of pay.
Dutch-Nigerian tycoon Cornelius Vink-linked Titan Trust Bank secures $300 million from Afreximbank
Titan Trust Bank is one of many subsidiaries of Tropical Genera Investment Group.
Nigerian billionaire Mike Adenuga earns over $3.6 million in single day from Conoil
So far this year, the company’s share price has increased by 45.4 percent.
Nigerian billionaire Abdul Samad Rabiu gains half a billion dollars off back of stake in BUA Cement
The total value of Rabiu’s shares in publicly traded companies is now more than $8.6 billion.
Burkinabe mogul Idrissa Nassa’s Coris Bank launches $13-million Ivory Coast headquarters
Nassa s one of the richest men in Burkina Faso.