Paul Fokam’s Afriland First Bank to open new branches in Central Africa
Cameroonian businessman Paul Fokam’s Afriland First Bank gets Cobac approval to expand into Congo, CAR, and Chad, boosting regional banking reach.
West & Central Africa
Abdul Samad Rabiu’s net worth nears $8 billion after $400 million rebound
Abdul Samad Rabiu regains $400 million, lifting his net worth to $7.9 billion amid naira recovery and market growth.
Nigerian billionaire Muhammadu Indimi pledges to invest $250 million in Bauchi
Oil magnate Muhammadu Indimi vows to invest $250 million in Bauchi State as Tinubu urges global investors to seize Nigeria’s growth moment.
Africa’s richest man Aliko Dangote plans fresh investments in Senegal
Aliko Dangote meets Senegal’s President Faye in Dakar to discuss new investments after launching a $2.5 billion fertilizer plant in Ethiopia.
Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint UK arm faces $1.2 million loss
Moniepoint, led by Tosin Eniolorunda, posted a $1.2 million loss in the UK while preparing for a full 2025 launch.
Ivorian tycoon Koné Dossongui to buy gold mine for $305 million
Koné Dossongui is expanding his business empire into gold mining through a $305 million deal with Canadian miner Barrick Gold for the Tongon mine in Côte d’Ivoire.
Nigerian gambling magnate Kessington Adebutu’s Wema Bank stake falls below $90 million
Kessington Adebutu’s Wema Bank stake drops below $90 million as shares fall amid selling pressure on the Nigerian Exchange.
Nigerian entrepreneur Seyi Ebenezer’s Payaza repays $13.9 million commercial paper
Payaza Africa, founded by Nigerian entrepreneur Seyi Ebenezer, has repaid $13.9 million under its $34.1 million commercial paper program, reinforcing investor confidence.
Tope Shonubi’s Sahara Group eyes 350,000 barrel output with 7 new rigs
Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.
Billionaire Ogunlesi eyes major investments in Nigeria’s ports and aviation
Billionaire Adebayo Ogunlesi plans fresh investments to boost Nigeria’s ports, aviation, and energy landscape.
Nigerian aviation mogul Chukwuerika Achum’s Falcon Aero gets $10 million boost for VivaJets
Falcon Aero secures $10 million for VivaJets to expand fleet, retire debt, and boost air connectivity across Africa.
Nigerian billionaire Abdul Samad Rabiu loses $301 million in debt revaluation
Abdul Samad Rabiu’s net worth falls $301 million in 24 hours after debt revaluation, trimming his fortune to $7.5 billion.
Nigeria’s bank chiefs: Big salaries, luxury homes, but tiny stakes
Nigeria’s leading bank CEOs command giant lenders, yet their own stockholdings remain modest by global standards — raising questions about alignment with investors.
Nigerian billionaire Adebayo Ogunlesi’s GIP eyes $40 billion U.S. power company deal
Adebayo Ogunlesi’s Global Infrastructure Partners is in advanced talks for a takeover of Virginia-based AES Corp.
U.S.-Nigerian telecom tycoon Sam Darwish’s IHS invests $750 million in solar, hybrid power projects
IHS invests $750 million in solar and hybrid power in Nigeria, advancing clean energy and sustainability goals.
Nigerian banker Roosevelt Ogbonna buys $20 million home on London’s Billionaires' Row
Nigerian banker Roosevelt Ogbonna acquires $20 million Hampstead home as London’s luxury housing market cools.