Nigerian banker Jim Ovia gains $17.93 million in two months as stake in Zenith Bank surges
Ovia is the founder of Zenith Bank, a Lagos-based banking group and Nigeria’s most profitable financial services company.
West & Central Africa
U.S.-Nigerian telecom tycoon Sam Darwish’s IHS Towers suffers $30 million in losses during Q3 2021
IHS Towers is the largest telecom infrastructure group in Africa, Europe, Latin America and the Middle East by tower count.
Greek tycoon John Coumantaros’ Flour Mills of Nigeria eyes $194.6-million acquisition deal
Flour Mills of Nigeria and Honeywell Flour Mills will combine to create an industrial behemoth.
Save the Children UK appoints Nigerian billionaire Femi Otedola as vice president
His daughter, Florence Ifeoluwa Otedola, popularly known as “DJ Cuppy,” is a Save the Children ambassador.
Nigerian billionaire Abdul Samad Rabiu donates $9.72 million hospital to Nigerian Police
Rabiu said the hospital was conceived to provide world-class healthcare services to security operatives.
Nigerian billionaire Femi Otedola confirmed officially as largest shareholder in First Bank
Otedola is resting pretty. He could now demand seats on the board, or even his appointment as chairman.
Nigerian businessman Herbert Wigwe loses $3.14 million as Access Bank shares retreat from record highs
Wigwe nonetheless ranks among the wealthiest investors on the Nigerian Exchange.
Nigerian energy magnate Ambrosie Bryant Orjiako steps down as chairman of Seplat Energy
A board announcement issued by the energy group from its offices in Lagos confirmed the transition.
Abdulwasiu Sowami’s Ardova finalizes acquisition of Nigeria’s largest downstream oil group
Ardova is now Nigeria’s largest indigenous publicly-listed downstream energy group.
Nigerian energy magnate Austin Avuru to pocket $945,463 in Seplat interim dividends for Q3 2021
Seplat Energy is an independent oil and gas group, with a strategic focus on Nigeria’s Niger Delta region.
Africa’s wealthiest man Aliko Dangote loses younger brother, Sani Dangote
The death of the Nigerian industrialist has sent shock waves across Africa’s richest economy.
Adegoke Olubusi’s Helium Health acquires Qatar-based doctor booking platform, Meddy Inc.
Founded by Olubuisi and partners in 2016, Helium Health is a leading healthcare technology services provider in Africa.
Nigerian banking tycoon Tony Elumelu supports 4,949 Africans with $24.75 million in 2021
The entrepreneurs were selected from a pool of more than 400,000 applicants in 54 African countries.
Richest Black man alive Aliko Dangote now worth over $20 billion, net worth up by +$2.4 billion in 2021
So far this year, his personal net worth is up 13.6 percent, an average gain of $7.66 million per day.
Ghana’s wealthiest investor Daniel Ofori gains $4.4 million in 2021 from stake in Societe Generale Ghana
Societe Generale Ghana is Ghana’s fourth-largest commercial bank.
Burkinabe businessman Idrissa Nassa’s Coris Bank Int’l gears up to launch e-currency in Togo
CBI is a leading banking group in Burkina Faso, with active operations across Francophone Africa.