Nigerian lawyer Gbenga Oyebode-led Okomu Oil sees profit double on $118 million revenue
Okomu Oil’s profit more than doubled to $41.1 million as revenue hit $118 million, reflecting strong demand and disciplined management under Gbenga Oyebode.
West & Central Africa
Aliko Dangote's refinery gears up to supply 310 million liters of petrol
Dangote refinery prepares 310 million liters of petrol for loading amid soaring fuel prices in Nigeria.
Oando, led by oil mogul Wale Tinubu, faces creditor pressure over unpaid debt
Oando, led by Wale Tinubu, faces pressure as Irad Investment demands payment of long-overdue debts for completed energy projects.
Nigerian tycoon Kessington Adebutu commits $2.7 million to development projects
Nigerian gambling magnate Kessington Adebutu marked his 90th birthday by donating $2.7 million to fund education, health, and infrastructure in Remoland.
Gbenga Oyebode, the business lawyer leading Nigeria’s $660 million palm oil giant
Gbenga Oyebode, co-founder of Aluko & Oyebode, leads Okomu Oil, a $660 million Nigerian palm oil powerhouse.
Wema Bank, partly owned by Kessington Adebutu, gets approval for $34 million raise
Wema Bank, partly owned by Adebutu, raises $34 million, strengthening capital and funding digital expansion.
Adebayo Ogunlesi-linked OpenAI to launch first African AI academy in Nigeria
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, picks University of Lagos for Africa’s first AI academy.
Africa’s richest man Aliko Dangote faces operational setbacks at $20 billion refinery
Dangote Petroleum Refinery faces fresh disruptions as crude intake slows, raising concern over Nigeria’s fuel supply.
Seplat, co-founded by Austin Avuru, grows oil operations with new Mobil assets
Seplat Energy steps up oil and gas production after acquiring Mobil assets, strengthening performance and expanding Nigeria’s offshore capacity.
Nigerian banker Jim Ovia gains $14 million as Zenith Bank shares climb
Jim Ovia’s stake in Zenith Bank gains $14 million as the lender’s shares climb after a $34.5 million dividend boosts investor confidence.
Burkinabe tycoon Idrissa Nassa’s Coris Bank Senegal gets $10 million IFC funding
Idrissa Nassa’s Coris Bank Senegal secures $10 million IFC funding to expand trade finance and strengthen its West African network.
Transcorp Power, linked to Tony Elumelu, posts $210 million nine-month revenue
Transcorp Power, linked to Nigerian tycoon Tony Elumelu, reports $210 million nine-month revenue driven by higher power generation and steady operational efficiency.
Africa’s richest man Aliko Dangote’s net worth climbs to $29.7 billion
Africa’s richest man, Aliko Dangote, sees his fortune rise to $29.7 billion after strong gains in cement and oil assets.
Nigerian energy mogul Austin Avuru’s Seplat stake tops $200 million
Seplat co-founder Austin Avuru’s stake surpasses $200 million as the energy firm’s shares surge on the Nigerian Exchange.
Nigerian billionaire Femi Otedola’s Geregu Power lifts Q3 profit 82% to $7.6 million
Femi Otedola’s Geregu Power posted ₦11.2 billion pre-tax profit in Q3, up 82% year on year as energy sales and capacity payments strengthened.
Africa's richest man Aliko Dangote’s refinery boosts daily petrol supply to 20 million
Aliko Dangote’s refinery now supplies 20 million liters of petrol daily, advancing Nigeria’s energy independence and industrial growth.