Geregu Power, under Abdul-Aziz Abubakar Yari, set for $351 million FG debt repayment
Abdul-Aziz Abubakar Yari takes control of Geregu Power as the firm prepares to benefit from a $351 million Federal Government debt repayment.
West & Central Africa
Burkina Faso’s richest man tasked with Gabon helicopter procurement
Mahamadou Bonkoungou to source helicopters for Gabon while expanding EBOMAF’s $3 billion infrastructure projects.
Nigerian billionaire Abdul Samad Rabiu gives Super Eagles $500,000 despite loss to Morocco
Rabiu said he would honor the $500,000 pledge, framing the payment as a gesture of appreciation for the players’ performance and the lift they gave to national morale.
Nigerian banker Jim Ovia reflects on a $5 million decision that became $3.3 billion
Nigerian banker Jim Ovia reflects on turning a $5 million bet in 1990 into a bank with more than $3.3 billion in shareholders’ funds.
Nigerian tech entrepreneurs secure $11.75 million for defense startup Terra
Nigerian tech entrepreneurs Nathan Nwachuku and Maxwell Maduka raise $11.75 million to scale Terra Industries’ autonomous defense systems across Africa.
Nigerian executive Michael Nzewi’s CardinalStone trading arm hits $1.4 billion
Michael Nzewi’s CardinalStone trading arm hits $1.4 billion in 2025, leading Nigeria’s stockbrokers by transaction value.
Abdul Samad Rabiu set to become third Nigerian to hit $10 billion after Adenuga, Dangote
Abdul Samad Rabiu nears $10 billion, set to become the third Nigerian to hit the milestone, after Adenuga and Dangote in 2016.
Africa’s richest man Aliko Dangote refinery's denies petrol supply disruption
Aliko Dangote’s refinery dismisses supply claims, boosts petrol output, and ensures steady access for all marketers.
Nigerian banker Jim Ovia gains $18.5 million from Zenith Bank shares
Jim Ovia’s Zenith Bank stake gains $18.5 million as shares rise, lifting investor confidence and boosting the lender’s market value.
Adiwale Partners, led by Jean-Marc Savi de Tové, backs Guinea healthcare firm
Adiwale Partners backs Guinea’s Clinique Ambroise Paré, funding upgrades and expanding access to quality healthcare locally.
Cameroonian businessman Paul Fokam’s Afriland tops $3.6 billion in assets
Cameroonian businessman Paul Fokam’s Afriland First Bank passes $3.6 billion in assets, cementing its lead in Central Africa.
Nigerian energy mogul Wale Tinubu recounts $9,000 bet that became $300 million
Nigerian energy mogul Wale Tinubu recounts how a $9,000 bet grew into a $300 million gas company over decades.
Africa’s richest man, Aliko Dangote, starts 2026 with $410 million net worth increase
Aliko Dangote’s net worth rises $410 million to $30.4 billion driven by Dangote Cement gains and investor confidence.
Nigerian logistics tycoon Taiwo Afolabi maps SIFAX expansion across West Africa
Nigerian logistics tycoon Taiwo Afolabi outlines SIFAX Group’s 2026 strategy, focusing on technology, execution and expansion across West Africa.
Nigerian oil magnate Auwalu Abdullahi Rano’s AA Rano launches unmanned fuel stations
AA Rano Nigeria introduces automated, unmanned fuel stations with 24/7 service, digital payments, and SmartPump technology.
Nigerian oil mogul Mohammed Indimi gains $22 million from Jaiz Bank stake in 2025
Jaiz Bank’s shares rose sharply in 2025, lifting Mohammed Indimi’s stake by $22 million amid stronger earnings and a firmer naira.