Aliko Dangote, John Coumantaros demand Nigeria shut down fellow billionaire’s sugar refinery
A legal action has been launched against Abdul Samad Rabiu.
West & Central Africa
Abdul Samad Rabiu to take home sizeable $169 million dividend from BUA Cement
The billionaire mogul will earn a $169.4 million dividend from his stake in BUA Cement Plc.
Atedo Peterside advises Nigeria’s government to invest $1.5 billion in medical infrastructure
Multimillionaire economist Atedo Peterside has advised the Nigerian government to invest in medical infrastructure as opposed to the Port Harcourt Refinery.
Nigussie Hailu forfeits bottling company shares after court ruling
Ethiopian businessman Nigussie Hailu has lost his shares in the East African Bottling Share Company.
Herbert Wigwe could earn over $3.02 million from Access Bank dividend
Access Bank Plc CEO Herbert Wigwe could earn over $3.02 million from the bank’s dividend in 2020.
Nigerian oil tycoon Tunde Folawiyo launches creative studio in Lagos State
Nigerian oil tycoon Tunde Folawiyo’s five-year-old entertainment firm has launched a multi-functional creative studio.
From the Guinean mountains to Swiss prison: The story of Israeli diamond mogul Beny Steinmetz.
Steinmetz was recently sentenced to five years in prison and a massive fine.
Ardova moves to acquire Tunde Folawiyo’s Enyo
The Nigerian oil company Ardova has announced plans to acquire Enyo.
Abdul Samad Rabiu launches $100-million philanthropic drive
Nigerian tycoon Abdul Samad Rabiu recently launched a $100-million Africa fund called the Abdul Samad Rabiu Initiative.
Aliko Dangote fertilizer plant soon to commence operations in Lagos
Africa’s richest man has announced the commencement of operations of his new granulated urea fertilizer plant.
Aliko Dangote to pocket $615 million from cement dividend
Aliko Dangote will take home $615.83 million in dividends from his 86-percent share in his cement business for 2020.
Abdul Samad Rabiu donates $500,000 to Sokoto State University
The Nigerian billionaire has donated N200 million ($525,250) to construct an ICT faculty building at Sokoto State University
Zenith Bank founder Jim Ovia makes $23.35 million during pandemic
In February, Zenith Bank’s Board of Directors declared its final dividend for 2020 on the Nigerian Stock Exchange.
Nigerian tycoon Oba Otudeko loses $976K in one day from stake in flour mill
Honeywell Group owner Obafoluke Otudeko has recorded a huge loss through his stake in his flour subsidiary.
Innocent Chukwuma’s IVM distances itself from Zugacoin
Nigerian cryptocurrency founder Archbishop Sam Zuga has made bold claims about the “partnership.”
Aliko Dangote to earn $23.64 million in dividends from sugar refinery
The sugar industry is highly lucrative for the key players on the Nigerian market.