OpenAI makes $1.1 billion acquisition as Nigerian billionaire Ogunlesi serves on board
OpenAI acquires Statsig for $1.1 billion, expanding product testing tools while Adebayo Ogunlesi brings boardroom influence.
West & Central Africa
Africa's richest man Aliko Dangote's refinery sends first petrol cargo to U.S.
Dangote’s $20 billion refinery sent its first gasoline cargo to the U.S., marking Nigeria’s debut as a direct fuel exporter to America.
Africa’s richest man Aliko Dangote’s refinery sees surge in global fuel sales
The refinery has accelerated exports of petrol, diesel, and aviation fuel, filling a supply gap created by maintenance closures at Saudi Aramco and Kuwait facilities.
Nigerian billionaire TY Danjuma’s firm wins $10 million oil deal
Nigerian billionaire TY Danjuma’s South Atlantic Petroleum signs $10 million oil deal with TotalEnergies in the Niger Delta.
Energy mogul Ahonsi Unuigbe’s Petralon revives 46-year-old Nigerian oil field
Ahonsi Unuigbe’s Petralon Energy restarts Dawes Island Field, boosting Nigeria’s output and advancing community-led development.
Zenith Bank CEO Adaora Umeoji delivers $130,000 to Nigeria’s D’Tigress
Zenith Bank honors Nigeria’s women’s basketball champions with $130,000 after their 2025 AfroBasket victory.
GTCO’s CEO Segun Agbaje’s stake is now worth $2.5 million
Segun Agbaje’s stake in GTCO has surged to $2.5 million as shares rally, cementing his standing among Nigeria’s affluent bankers.
Burna Boy, Davido, Wizkid drive Nigerian entertainment industry toward $13.6 billion
Nigeria’s entertainment industry is projected to hit $13.6 billion by 2028, led by Burna Boy, Davido and Wizkid.
Allen Onyema’s Air Peace launches Nigeria’s first direct route to Brazil
Air Peace begins direct Nigeria–Brazil service, boosting trade, tourism, and cultural ties, while cutting travel time by nearly a day.
Nigerian entrepreneur Olakunle Williams expands Tetracore Energy gas facility in Ogun State
Tetracore expands CNG capacity to 6.2 million cubic feet per day, powering industries and supporting Nigeria’s cleaner energy goals.
Nigerian banker Segun Agbaje-led GTCO boosts GTBank's paid up capital to $328 million
GTCO injects $238.5 million into GTBank, boosting paid-up capital to $328.5 million as lender meets new CBN rules and strengthens growth drive.
Nigerian gambling magnate Kessington Adebutu's Wema Bank stake nears $90 million
Kessington Adebutu’s Wema Bank stake nears $90 million as digital banking fuels strong investor gains in 2025.
Nigerian aviation mogul Allen Onyema's Air Peace to build maintenance hub in Lagos
Air Peace, led by Allen Onyema, will build a Lagos MRO hub to boost local aviation and cut overseas maintenance costs.
Africa's richest man, Aliko Dangote, gets $2.5 billion deal in Ethiopia
Aliko Dangote signs $2.5 billion fertilizer deal with Ethiopia to cut costly imports, boost food security and expand Africa’s farm output.
Ghanaian real estate developer Eric Ebo Acquah wins $1 million in loan case
Blue Rose founder Eric Ebo Acquah wins $1 million after court finds Shelter Afrique breached $5.2 million housing loan.