Nigerian energy magnates Austin Avuru, ABC Orjiako to pocket $4.3-million Seplat dividend
Seplat Energy is the largest listed oil company on the Nigeria Exchange (NGX).
West & Central Africa
AMCON takes over insurance assets belonging to Nigerian tycoon Jimoh Ibrahim
Ibrahim is the group managing director and controlling shareholder of NICON Insurance and Nigeria Re.
Abdul Samad Rabiu donates $2.43 million to University of Benin
The donation was made through his Abdul Samad Rabiu Africa Initiative, the philanthropic arm of BUA Group.
Nigerian logistics tycoon Taiwo Afolabi’s new $118.4-million hotel experiences power hiccup
The Lagos Marriott recently suffered from a power outage lasting nine hours.
Leading Nigerian tech innovator Odunayo Eweniyi’s PiggyVest acquires Savi.ng
Savi.ng is a wealth management app founded in 2018.
Ade Adeyemi-led Ecobank Group posts $154 million in profits for H1 2021
This is a 20-percent improvement from the $128.88 million posted as profits in the first half of 2020.
Leading Nigerian angel investor Olumide Soyombo launches investment company Voltron Capital
Voltron is a pan-African VC firm helping tech startups on the continent access early-stage funding.
Ghanaian serial investor Daniel Ofori earns $2.50 million as Societe Generale Ghana shares rise
The gain came on the back of a nearly 50-percent rise in the shares of the Ghana-based lender.
Ade Ayeyemi-led Ecobank partners with Microsoft, LinkedIn to empower SMEs across Sub-Saharan Africa
The bank will empower SMEs with digital skills to leverage online resources for business growth.
Aliko Dangote earns $1.6 billion as Dangote Cement shares surge to 39-month high
Shares in the leading cement manufacturer have been on the rise since June 1.
Stake of Nigerian multimillionaire banker Jim Ovia in Zenith gains $35.14 million in 80 days
The leading tier-1 Nigerian bank, a top-500 bank globally, posted resilient results in Q1 2021.
Ghanaian mogul Daniel Ofori earns $834,020 in dividends from stake in Ghana Commercial Bank
Ghana Commercial Bank is one of the largest banks in Ghana in terms of total operating assets.
Oil and gas tycoon Adewale Tinubu settles legal scores with Nigeria’s SEC
Tinubu’s company, Oando, has agreed to pay all monetary penalties stipulated in an SEC letter in 2019.
Ghanaian tycoon Papa Kwesi Nduom wins $29.36-million court case against Health Network Company
To the disbelief of the court, Health Network offered offered the companies a failed ₵2-million ($334,947) cheque.
Stake of Ghanaian serial investor Patrick Kingsley-Nyinah in Ghana Oil Company now worth $4.48 million
GOIL is a state-owned oil and gas marketing company and Ghana’s only indigenous petroleum marketing firm.
Nigerian billionaires Coumantaros, Rabiu, Dangote to receive unhindered foreign exchange access: CBN
The Central Bank made the announcement on access to foreign exchange for sugar imports on July 16.