Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
West & Central Africa
U.S.-Nigerian telecom tycoon Sam Darwish’s IHS invests $750 million in solar, hybrid power projects
IHS invests $750 million in solar and hybrid power in Nigeria, advancing clean energy and sustainability goals.
Nigerian banker Roosevelt Ogbonna buys $20 million home on London’s Billionaires' Row
Nigerian banker Roosevelt Ogbonna acquires $20 million Hampstead home as London’s luxury housing market cools.
Africa’s richest man Aliko Dangote’s refinery signs new crude deal with NNPC
Aliko Dangote’s refinery signs two-year crude deal with NNPC to boost domestic fuel supply through 2027.
Aig-Imoukhuede-led Access Holdings gets $10 million to boost SME growth in Sierra Leone
Access Holdings secures IFC backing to boost SME lending in Sierra Leone, targeting women-led firms and expanding access to credit in underserved markets.
U.S.-Nigerian mogul Sam Darwish’s IHS stake slips below $90 million
Sam Darwish, founder of IHS Towers, has seen his stake fall to $86 million after a sharp slide in the company’s shares on the New York Stock Exchange.
Ivorian cotton king Koné Daouda Soukpafolo takes majority stake in Versus Bank
Ivorian cotton king Koné Daouda Soukpafolo takes majority control of Versus Bank, pledging billions in new investment.
Africa’s richest man Aliko Dangote sees net worth rebound to $29 billion
Africa’s richest man Aliko Dangote regains $29 billion net worth, driven by cement gains and refinery exports.
10 businesses the late Nigerian businessman Oskar Ibru owned
His passing, nine years after his father’s, marks the close of another chapter in one of the country’s most notable business families.
Gabon’s Samuel Dossou-Aworet deepens Nigeria oil bet with $64 million Aradel stake
Samuel Dossou-Aworet boosts Aradel stake with a $64 million share purchase, cementing his role in Nigeria’s oil sector.
Femi Otedola lifts stake in First Bank’s parent with $1.35 million share purchase
Femi Otedola boosts FirstHoldCo stake with $1.35 million share purchase, raising his holding to 16.1 percent.
Nigerian billionaire Arthur Eze secures four oil blocks in Liberia
Nigerian billionaire Arthur Eze’s Atlas Oranto wins four oil blocks in Liberia, boosting the nation’s energy sector revival.
Nigerian industrialist Oskar Ibru, chairman of Ibru Organization, dies at 67
Nigerian industrialist Oskar Ibru, chairman of the Ibru Organization and eldest son of Michael Ibru, has died at 67 after a brief illness.
Nigerian energy mogul Ahonsi Unuigbe named Marconi.NG EPC chairman
Nigerian energy mogul Ahonsi Unuigbe takes the helm at Marconi.NG EPC, operator of West Africa’s largest and most advanced fabrication yard.
Seplat Energy, co-founded by Austin Avuru, to invest up to $3 billion in Nigeria
Seplat Energy to invest up to $3 billion in Nigeria after the Exxon deal, boosting oil and gas output, shareholder returns, and local energy access.
Nigerian billionaire Abdul Samad Rabiu gains $500 million in under a month
Nigerian billionaire Abdul Samad Rabiu gains $500 million in less than a month, fueled by BUA Foods’ strong stock rally.