Seplat begins ANOH gas production weeks after Tony Elumelu’s Heirs Energies takes $500 million stake
Seplat Energy begins ANOH gas production, increasing Nigeria’s gas supply and supporting industrial and domestic energy needs.
West & Central Africa
Nigerian software engineer Shola Akinlade's Paystack reorganizes under holding firm after profitability
Paystack restructures under The Stack Group after turning profitable, uniting payments, banking and new ventures under a holding company.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double production capacity
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement plans to nearly double annual production from 11 million to 20 million tonnes.
Aradel, led by Nigerian executive Adegbite Falade, gains majority stake in Renaissance
Aradel Holdings becomes the largest shareholder in Renaissance Africa Energy after a $250 million acquisition boosts its stake to 53.3 percent.
FCMB, led by Nigerian banker Ladi Balogun, expects Q1 earnings to top $40 million
FCMB, led by Nigerian banker Ladi Balogun, forecasts Q1 2026 profit to reach $44 million amid strong banking growth.
Senegal revokes Nigerian billionaire Arthur Eze’s offshore exploration license
Senegal revokes Nigerian billionaire Arthur Eze’s Atlas Oranto offshore license after years of unmet obligations.
Gilbert Chagoury, billionaire behind Banana Island, Eko Atlantic, wins top Nigerian honor
Gilbert Chagoury, billionaire developer of Banana Island and Eko Atlantic, receives Nigeria’s Grand Commander of the Order of the Niger.
Geregu Power posts nearly $30 million profit under Nigerian businessman Abdulaziz Yari
Geregu Power reports $29.53 million profit, $130.17 million revenue, and strong dividends under Nigerian businessman Abdulaziz Yari.
Shola Akinlade’s Paystack targets Nigeria’s $32 billion financing gap for small businesses
Shola Akinlade is expanding Paystack beyond payments, using banking and data to help close Nigeria’s $32 billion small business financing gap.
Idrissa Nassa's Coris Bank takes full control of Cape Verde bank
Coris Bank, led by Idrissa Nassa, completes takeover of Cape Verde’s BCA, expanding its African banking footprint.
Aliko Dangote’s cement company awards $10.5 million to distributors across Africa
Aliko Dangote’s Dangote Cement rewards top African distributors with $10.5M in cash, vehicles, and prizes, highlighting growth plans.
Femi Otedola hosts fellow billionaire Rabiu in Dubai amid expanding business empires
Femi Otedola hosted billionaire Abdul Samad Rabiu in Dubai as both oversee major deals reshaping Nigeria’s banking, power and manufacturing sectors.
Nigerian businessman Tony Elumelu urges leaders to rethink authority, trust and team relationships
Tony Elumelu urges leaders to rethink authority, arguing that trust, empathy and disciplined execution drive results more than hierarchy.
British executive David Bird readies Dangote refinery for IPO in Nigeria
British executive David Bird prepares Dangote Petroleum Refinery for a landmark IPO as Nigeria’s largest industrial asset moves closer to public listing.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group adds a 22 MW gas plant
BUA Group signs 22 MW gas power deal to cut diesel use, boost energy supply, and support Nigeria’s energy transition.
Nigerian software engineer Shola Akinlade’s Paystack moves into banking
Paystack, co-founded by Shola Akinlade, acquires Ladder Microfinance to offer SME loans and digital banking in Nigeria.