Femi Otedola’s ‘Making It Big’ draws praise from WTO’s Okonjo-Iweala and AfDB’s Adesina
Femi Otedola’s memoir earns praise from Okonjo-Iweala and Adesina for its honest take on business, failure, and lasting success.
West & Central Africa
Nigerian insurance tycoon Wole Oshin’s Custodian posts $81.4 million in half-year revenue
Custodian Investment reports $81.4 million revenue, $17.3 million profit, and $299 million in assets for the first half of 2025.
Aliko Dangote set to become first African with $30 billion fortune
Dangote nears $30 billion fortune as rising cement and sugar shares add $1.23 billion to his wealth in 2025.
Nigerian tycoon Emeka Offor donates $1-million cancer equipment to University of Maiduguri Hospital
Offor’s donation marks one of the largest private medical equipment gifts in northern Nigeria in recent years.
Nigerian oil magnate Gabriel Ogbochie’s Eterna posts $103 million in half-year revenue
Eterna Plc posts $103.9 million H1 revenue and returns to profit, supported by FX gains, tighter cost controls, and stronger fuel distribution.
South African billionaire Patrice Motsepe’s net worth falls by $200 million over 17 days
Patrice Motsepe’s net worth drops by $200 million in 17 days as African Rainbow Minerals battles profit declines and market pressure.
Fidelis Ayebae retires as Fidson CEO after building Nigerian drugmaker into $66 million giant
Ayebae steps down as Fidson CEO after 30 years; firm posts $3.97 million profit and plans $20 million capital raise.
British executive David Bird named CEO of Aliko Dangote’s $20 billion refinery
David Bird takes over $20 billion Dangote refinery as output rises and plans for public listing take shape in Nigeria.
Nigerian business executive Adegbite Falade steers Aradel to $240 million in H1 revenue
Aradel reports $240.5 million revenue, $95.7 million profit in H1 2025, fueled by strong crude output and asset expansion.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts nearly $600 million in half-year revenue
BUA Foods posts $596 million revenue, $169.8 million profit in H1 2025 as sugar, flour, and pasta drive strong gains.
Karl Toriola-led MTN Nigeria posts $1.57 billion in half-year revenue
MTN Nigeria posts $1.55 billion H1 revenue, swings to $271 million profit on soaring data, fintech growth, and improved forex environment.
Nigerian oil mogul Wale Tinubu’s Oando reports $1.12 billion in half-year revenue
The company also posted a net profit of $41.3 million, boosted by a tax credit and a recovery from earlier losses tied to asset impairments.
Seplat, co-founded by Austin Avuru, reports nearly $1.4 billion in half-year revenue
Seplat Energy posts $1.4 billion H1 2025 revenue, up 231%, as oil sales soar; profit falls 45% on tax bill and rising admin costs.
Africa’s richest man, Aliko Dangote, nears $29 billion fortune as refinery listing looms
Dangote nears $29 billion net worth with refinery listing plans and strong gains in cement, sugar, and energy.
Nigerian oil mogul Wale Tinubu’s Oando plans $1.2 billion solar power project
Oando to build $1.2 billion solar panel factory with Africa’s first recycling line, expand drilling, and raise $327.5 million for clean energy growth.
Shelf Drilling secures two-year contract extension with Conoil in West Africa
Shelf Drilling renews Nigeria offshore deal with Conoil through 2027, with option to extend to 2028 in OMLs 153 and 59.