Abdul Samad Rabiu’s BUA to build gas power plant for LNG project
The new plant will power BUA’s LNG project, boosting energy efficiency and ensuring a dedicated supply.
West & Central Africa
Aliko Dangote loses $800 million amid fresh naira weakness
This comes despite global interest in his $20 billion Dangote Oil Refinery, one of Africa’s most ambitious projects.
Aig-Imoukhuede leads Access Holdings to $400 million profit
Access Holdings, under Aigboje Aig-Imoukhuede, posted a $400 million profit in 2024, driven by asset growth, cost control, and expansion across Africa.
Meet Sani Bello: Nigerian Ex-military leader turned oil mogul
Sani Bello transitioned from military officer to a top oil magnate, co-founding Amni International Petroleum, which produces 18,200 barrels of oil daily.
Aigboje Aig-Imoukhuede-led Access Holdings seals Kenyan bank acquisition
Access Holdings, led by Aigboje Aig-Imoukhuede, finalizes the acquisition of the National Bank of Kenya, boosting its East African footprint and market reach.
Seplat, co-founded by Austin Avuru, builds mega gas facility
The company has installed over 850MMscfd of gas infrastructure to help meet Nigeria’s rising domestic energy demand.
Wale Tinubu’s Oando faces sabotage attacks on newly acquired pipelines
Oando Plc, one of Nigeria’s leading oil companies, said three separate incidents were recorded over the past week.
Mary Vilakazi-led FirstRand plans bank for Ghana’s super-rich
FirstRand sharpens its private banking focus in Ghana and beyond as Africa’s millionaire class expands.
Wema Bank, backed by Adebutu, launches $93.7 million rights issue
Wema Bank, backed by Kessington Adebutu, launches $93.7 million rights issue to boost capital and meet CBN's 2026 recapitalization deadline.
Emeka Offor donates $5 million to fight maternal deaths in Nigeria
Nigerian oil mogul Emeka Offor pledges $5 million to The Rotary Foundation to improve maternal and neonatal health in Nigeria’s high-need areas.
Kola Karim eyes big cashout from Mota-Engil’s DBN Energies takeover
Mota-Engil, a Portuguese construction firm, plans to acquire DBN Energies, an oil infrastructure specialist, from Kola Karim.
Sam Darwish gains nearly $12 million from IHS stake
U.S.-Nigerian telecom executive Sam Darwish’s IHS stake rises nearly $12 million to $56 million.
Benedict Peters: How envy-fuelled fiction tried—and failed!
Benedict Peters is not an invader, but an investor. He is not a threat, but a thriving thread in the fabric of African economic renaissance.
Adebola Adegunwa donates $1 million trauma center to Nigerian hospital
The center, which was completed in less than a year, marks a major step forward in the region’s emergency healthcare capabilities.
7 companies the late Nigerian businessman Pascal Dozie owned
Pascal Dozie, founder of Diamond Bank and key figure in Nigeria’s telecom sector, passed away at 86, leaving a legacy of transformative entrepreneurship.
Pascal Dozie, founder of defunct Diamond Bank, dies at 86
Dozie founded Diamond Bank in 1990, growing it into a major player before its acquisition by Access Holdings in 2018.