Nigerian tycoon Oba Otudeko loses $976K in one day from stake in flour mill
Honeywell Group owner Obafoluke Otudeko has recorded a huge loss through his stake in his flour subsidiary.
West & Central Africa
Innocent Chukwuma’s IVM distances itself from Zugacoin
Nigerian cryptocurrency founder Archbishop Sam Zuga has made bold claims about the “partnership.”
Aliko Dangote to earn $23.64 million in dividends from sugar refinery
The sugar industry is highly lucrative for the key players on the Nigerian market.
Nigerian Billionaire Tony Elumelu set to pocket $3.3 million in dividends from United Bank of Africa
UBA Chairman Tony Elumelu set to earn $3.3 million from his shares in the bank.
Valued at over $1 billion, Flutterwave mulls dual listing on NSE, NYSE
Flutterwave is considering expansion on the local market and abroad.
Death sentence for Congolese whistleblowers sends Israeli mining tycoon back to U.S. sanctions regime
Two whistleblowers have been handed the death sentence after speaking out against a DRC bank.
Oil tycoon Uju Ifejika faces ire from Nigerian gas association over anti-labor practices
PENGASSAN has accused Brittania-U of anti-labor practices.
Sanctioned Israeli tycoon Dan Gertler linked to tens of millions in transactions at DRC bank
PwC notified Afriland First Bank in the Democratic Republic of Congo of a potential sanctions evasion.
Aliko Dangote loses $1.2 billion in February
Aliko Dangote lost $1.2 billion in paper net worth in February.