Nigerian National Petroleum Corporation looks to acquire minority stake in Dangote refinery
According to the NNPC, discussions have already been initiated.
West & Central Africa
Nigerian billionaire Abdul Samad Rabiu’s stake in BUA Cement declines by $815 million
The market value loss was the result of a sharp drop in the company’s share price.
Olalekan Olude’s Jobberman partners with Nigerian Youth Service Corps to train 120,000 youth yearly
The youths will be trained in soft skills to enhance their employability.
Locals demand safer operations from Bahamas-based businessman James Longshore’s Xtra-Gold
Several communities in Ghana claim the company’s subcontractors fail to keep mining sites safe.
Nigerian gambling magnate Kessington Adebutu, daughter pocket $1.22 million in Wema Bank dividends
Adebutu is expected to earn $1.05 million, while his daughter is on course to earn $169,965.
Nigerian entrepreneur Abdul Hassan’s Mono raises millions to power Internet economy
The Nigerian fintech startup Mono has closed a $2-million deal in a seed funding round.
BNP Paribas charged on suspicion of laundering millions for late Gabonese President Omar Bongo Ondimba
Radio France International reported the development as part of a long-running investigation.
Aliko Dangote to earn $570 million this week from stake in Dangote Cement
The chairman and single majority shareholder, Dangote founded the cement company in 1981.
Nigerian president, Plateau State governor mourn death of NASCO’s Ahmed Idris Nasreddin
Nasreddin was the Eritrean founder of the Jos-based NASCO Group.
U.S. firm accuses Ghanian tycoon and party founder Papa Kwesi Nduom of laundering $63 million
There is little publicly available information about the company that brought forward the case.
Flutterwave, Basketball Africa League partner up to drive economic growth in Africa
The multi-year partnership is aimed at assisting micro-, small- and medium-sized enterprises.
Nigerian billionaire Abdulsamad Rabiu makes $2.4-million donation to University of Maiduguri
It is one of a handful of donations that the Abdul Samad Rabiu Africa Initiative is making to Nigerian universities.
First Bank Nigeria’s new top exec Urum Kalu Eke buys huge tranche of shares just weeks after Central Bank backlash
The move is raising some eyebrows, while others say it’s just “business as usual.”
Ghana names Joseph Saw Agyepong ‘CEO of the Decade’ in environmental and sanitation sector
The entrepreneur hopes to build a series of waste-to-energy plans across the country.
Aliko Dangote’s cement company moves to close cement supply gap in Nigeria
Dangote Cement has restated its commitment to bridge the supply gap and help reduce prices.
Nigeria’s anti-graft agency confiscates oil tycoon Ernest Azudialu Obiejesi’s home in affluent Ikoyi
Obiejesi is known for his expensive taste, obsession with aircraft and penchant for acquiring private jets and pricey automobiles.