Nigerian businessman Tony Elumelu’s UBA earns $283.6 million in profit in 2021
Elumelu derives a total wealth of $46.9 million from his stake in the pan-African bank.
West & Central Africa
Nigerian businessman Olajide Omokore denies buying high-end cars and real estate for former petroleum minister
Omokore said his connection with Alison-Madueke was no more than professional.
Nigerian energy tycoon Austin Avuru to focus on family business following exit from Seplat
Avuru is the founder of AAH Holdings, a Lagos-based proprietary investment business.
Nigerian banker Jim Ovia looks set to receive $34.1 million in Zenith Bank dividends
Aside from his governance roles in the lender, Ovia holds a substantial 16.2-percent stake in the bank.
Africa’s richest man Aliko Dangote to earn $704 million in dividends from cement company
Dangote Cement is Africa’s largest cement producer.
Energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Seplat Energy is an independent oil and gas group with active operations and oil assets in Nigeria’s Niger Delta area.
Nigerian banking tycoon Jim Ovia’s Zenith Bank earns $587.8 million in profit
Zenith Bank is Nigeria’s most profitable bank and the largest listed financial services group with a valuation of $2.04 billion.
Aliko Dangote’s cement company posts all-time high sales; profits exceed $870 million in 2021
Dangote Cement is Africa’s largest cement producer, with a production capacity of 51.55 million tonnes per year.
Energy magnate Bryant Orjiako’s Seplat earns $117.1 million in profit in 2021
Seplat Energy Plc is Nigeria’s largest energy group.
Israeli billionaire Dan Gertler to return oil and mining assets after deal with Congo gov’t
The deal ends a protracted legal dispute between the Congolese government and Gertler’s Ventora Group.
Ghanaian tycoon Samuel Jonah’s Helios Towers to acquire Airtel Africa assets in Chad and Gabon
The transaction comes four months after the Jonah-led business paid $51.7 million for 490 tower sites in Madagascar.
Energy magnate Bryant Orjiako’s Seplat splashes $1.58 billion to acquire ExxonMobil’s Nigerian operations
Orjiako said the proposed purchase is a game changer for Seplat Energy.
Nigerian tycoon Onyekachi Izukanne’s TradeDepot acquires Ghanaian Green Lion as part of expansion plans
TradeDepot is a Nigerian e-commerce and embedded finance platform.
Peter Ashade’s United Capital gains $46 million in one week
Meanwhile, Emmanuel Nnorom saw the market value of his 30.5 million shares soar above $1 million.
Africa’s richest man Aliko Dangote loses $500 million as cement firm shares fall
Dangote, the continent’s wealthiest man, has seen his net worth dip below $20 billion in recent times.
Greek businessman John Coumantaros’ Flour Mills plans to invest $168.3 million on sugar estate
Coumantaros controls a majority 63.34-percent share in the company valued at $209.1 million.