Jim Ovia’s Zenith Bank posts $257.8-million half-year profits, two-percent higher than previous year’s figures
Zenith Bank is a leading multinational financial service provider based in Nigeria.
West & Central Africa
The seven richest people on the Ghana Stock Exchange
Although most wealthy Ghanaians shun their local bourse, some retain a portion of their portfolios on the exchange.
Nigerian billionaire Abdul Samad Rabiu donates $4.8 million to construct University College of Medical Sciences in Sokoto
The ASRi is the philanthropic arm of BUA Group.
Yahui Zhou’s OPay emerges as Africa’s latest unicorn with $2-billion valuation
OPay is the latest member of Africa’s unicorn club, which includes Flutterwave, Jumia, Interswitch and Fawry.
Aliko Dangote’s cement company to engage investors in new $364.4-million debt facility
The issuance reflects Dangote Cement’s continued interest in engaging fixed-income investors.
Nigerian banker Herbert Wigwe gains $6.5 million as Access Bank shares surge
The bank’s shares have been on the rise, as investors remain optimistic about its financial performance.
Ernest Ndukwe-led MTN Nigeria wants to invest $1.46 billion to expand network infrastructure in country
MTN Nigeria is a subsidiary of the South African multinational telecom giant MTN Group.
Nigerian tycoon Oba Otudeko’s flour milling business accrues 94-percent gain in two weeks
Honeywell Flour Mills is an integrated flour milling company.
Nigerian tycoon Theophilus Danjuma acquires additional 60-percent controlling stake in BOC Gases
The recent 60-percent acquisition is equivalent to 249,746,823 ordinary shares.
Nigerian court restrains AMCON from further actions against tycoon Jimoh Ibrahim
Ibrahim is the group managing director of NICON Insurance and Nigeria Re.
Nigeria’s third-richest man Abdul Samad Rabiu loses $751.22 million in 108 days
BUA Cement is the second-largest producer of cement products in Nigeria after Dangote Cement.
Nigerian oil tycoon Emeka Offor donates medicine worth $24.36 million to local health facilities
Health facilities across Nigeria will benefit from the donation from the Sir Emeka Offor Foundation.
Essential facts about Dangote Cement’s newly listed bond on Nigerian bourse
Dangote Cement recently listed three tranches of N50-billion bonds on the Nigerian Exchange.
Ken Njoroge’s Cellulant acquires Ghanaian payment services provider license
Barely a month ago, the Bank of Tanzania issued it a license to operate in Tanzania.
John Coumanataros to earn $10.43 million in dividends as Flour Mills of Nigeria announces dividend payout
The food and agro-allied group revealed that it will pay a final dividend of $0.0040 per share.
Dangote Oil Refinery has already cost Africa’s richest man $7 billion in debt
Owned by billionaire businessman Aliko Dangote, the refinery was slated to launch in 2016, but has yet to open.