Nigeria taxman seeks $4.3 billion from John Ugbe-led MultiChoice, moves to block accounts
However, the media company debunked the allegations that it defaulted on tax payments.
West & Central Africa
Nigerian billionaire Abdul Samad Rabiu to earn $157.02 million in dividends from BUA Cement
The Nigerian cement tiger has a market capitalization of $5.85 billion on the Nigerian Stock Exchange.
Abdul Samad Rabiu’s BUA Cement declares $170-million dividend payout for shareholders
BUA Cement is Nigeria’s second-largest cement producer and one of Africa’s biggest cement companies.
AfDB teams up with Nigerian banking mogul Subomi Balogun to support women-led businesses
The AfDB is allotting 30 percent of the funds to women-empowered businesses in Nigeria.
Shares of Herbert Wigwe’s Access Bank are up by $82 million following South Africa unit launch
The surge in its market capitalization came on the back of a 12-percent rise in the bank’s share price.
Abdul Samad Rabiu’s ASRi donates $6 million to build oncology center in Ilorin
The ASRi Oncology and Diagnosis Center will be a standalone facility dedicated to oncology diagnosis.
Billionaires.Africa Ranking: The 20 richest investors on the Nigerian Stock Exchange (NGX)
These UHNWIs have amassed staggering wealth through their positions in their own and other companies.
Africa’s wealthiest billionaire Aliko Dangote earns $700 million in 34 days
Bloomberg revealed that his wealth rose from $16.7 billion to $17.40 billion from June 1 to July 5.
Nigerian tycoon Obafoluke Otudeko in distress as Ecobank hunts for assets
Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
James Mwangi’s Equity Group Foundation commits $787,401 to support healthcare workers in Kenya
COVID-19 has caused Kenyan healthcare workers to experience mental stress in the line of duty.
Kevin Okyere’s Springfield triumphs over Italian major ENI in court ruling over disputed oilfield revenues
Okyere welcomed the ruling as a “vindication of Springfield’s position.”
French investor Thierry Deau’s Meridiam signs $179-million hydropower-plant deal with Gabon
Meridiam is a global investment and asset management company founded in 2005.
Laurin Hainy’s fintech startup FairMoney raises $42-million Series-B round
This follows an $11.8-million Series-A round raised in 2019 and a $1.4-million seed fund raised in 2018.
Tony Elumelu’s stake in Transcorp Plc gains $224,993 in 93 days
Elumelu is the chairman of Heirs Holdings, the United Bank for Africa and Transcorp.
Nigerian billionaire Abdul Samad Rabiu gifts $4.9-million share bonus to employees
Rabiu is donating the shares from his own stake to acknowledge workers who kept BUA Cement profitable in 2020.
Tycoon philanthropist Tony Elumelu looks to build Nigeria’s first nuclear power plants
The move aligns with the plans of his company, Transcorp, to boost its integrated energy strategy.