Nigerian tycoon Eruani Azibapu lines up 9,000 filling stations for a refinery eight years late
Nigeria's retail fuel association is negotiating to buy petrol directly from Azibapu Eruani's Azikel Refinery for its 9,000 member outlets.
West & Central Africa
Africa's richest man pulls his fertiliser IPO forward to next year
Aliko Dangote told investors in Nairobi he hopes to list Dangote Fertiliser next year, a year earlier than the 2028 date he gave last week.
Nigerian billionaire Femi Otedola dines with President Tinubu in Paris and backs his reforms
Femi Otedola had a private dinner with President Bola Tinubu in Paris on Sept. 28 and publicly endorsed his economic reforms the next day.
Nigerian tycoon Kola Karim lands $500 million from Qatar to double oil production
Kola Karim's Shoreline will use a $500 million Islamic financing package from Qatar Islamic Bank to push OML 30 past 100,000 barrels a day.
Billionaire Aliko Dangote wins the first round as a judge refuses to halt his Lamu refinery
A Malindi judge declined to stop construction of the Lamu refinery
Dutch-Nigerian billionaire Cornelis Vink buys UAC's 43% of DP World's Nigerian logistics arm
Cornelis Vink's TGI Group is buying UAC of Nigeria's entire 43% holding in DP World Logistics, in a deal disclosed to the exchange on Sept. 24.
Nigerian billionaire Aliko Dangote's cement arm targets 80 million tonnes of capacity
Dangote Cement will add about 25 million tonnes to reach 80 million tonnes, funded mainly from cash flow and supplier credit, Arvind Pathak said.
Nigerian cable tycoon George Onafowokan demands a rate cut from the Bank of Industry
George Onafowokan says recapitalisation pushed lending rates to 22-23%, below the CBN's old 26.5% benchmark, before its record cut.
Africa's richest man offers to sell Kenya 500 megawatts from his Lamu refinery
Aliko Dangote says the Lamu refinery will include a 1,000-megawatt power plant, with half the electricity available to the Kenyan government.
Nigerian tycoon AbdulWasiu Sowami's Ardova is buying Africa's largest CNG producer
A consortium led by AbdulWasiu Sowami's Ardova will buy 100% of Powergas, one of Africa's largest producers of compressed natural gas.
Nigerian billionaire Aliko Dangote shows William Ruto the refinery Kenya wants to copy
William Ruto toured Aliko Dangote's Lekki refinery on Sept. 25, five days before breaking ground on a $17 billion Kenyan refinery at Lamu.
Nigerian tycoon Orji Uzor Kalu and family hold $20 million of US property, report says
A new report says 61 Nigerian officials hold 284 US properties worth $271 million, including more than $20 million linked to Orji Uzor Kalu.
Aliko Dangote's refinery lifts Nigeria's petrol exports sixfold to $750 million
Nigeria earned $750 million from petrol exports in the first half of 2026, a sixfold rise that analysts credit to Dangote's refinery and the Iran war.
Nigerian auto billionaire Michael Ade-Ojo wants his university to stop relying on his money
Michael Ade-Ojo told Elizade University's new governing council to reduce its dependence on him and raise money from companies and donors.
Nigerian billionaire Sayyu Dantata could lose $35 million of aircraft over a $1.75 million bill
Nigeria Customs has asked a Lagos court to permanently forfeit three aircraft linked to Sayyu Dantata over N2.31 billion in unpaid import duty.
Nigerian businessman Adebisi Adebutu takes 86% of Chappal after $100 million rescue
Two years ago Chappal Energies bought Equinor out of Nigeria for $1.2 billion. Its founder is now in detention and a minority shareholder who petitioned the anti-graft agency owns 86 per cent of the company, after putting in $100 million to stop it going under.