Nigerian tycoon Temitope Lawani's Helios posts $634 million revenue in 9M 2025
Helios Towers, backed by Nigerian investor Temitope Lawani, posted $634.5 million in nine-month revenue as it shifts focus to cash flow and payouts.
West & Central Africa
Cameroonian banker Alain Nkontchou-linked Ecobank gets $12 million to boost African SMEs
Ecobank has secured a $12 million trade finance guarantee to strengthen small business financing and food security in Chad and across Africa.
Nigerian tycoon Rasheed Sarumi-led Presco launches $165 million rights issue
Presco Plc, chaired by Rasheed Sarumi, launches a $165 million rights issue to expand operations and strengthen its market position.
Femi Otedola’s net worth hits $1.6 billion on gains from Geregu Power, First HoldCo
Nigerian billionaire businessman and philanthropist Femi Otedola’s fortune climbs to $1.6 billion on strong gains from Geregu Power and First HoldCo.
Nigerian businessman Temitope Lawani's Helios weighs full Axxela exit
Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
Ghana’s top investor, Daniel Ofori, gains $13.2 million on bank holdings
Ofori’s Société Générale Ghana stake climbs to $18 million after $13.2 million gain from share surge and cedi strength.
Nigerian entrepreneur Olanrewaju Olaniyan’s Siatech Africa builds Liberia’s first solar city
Olanrewaju Olaniyan’s Siatech Africa launches Liberia’s first solar city, merging clean energy with digital growth across West Africa.
Aliko Dangote may sell stake as NNPC seeks larger share in $20 billion refinery
NNPC aims for a 20 percent stake in Aliko Dangote’s $20 billion refinery to strengthen Nigeria’s refining capacity.
Tony Elumelu’s Transcorp relocates turbines to lift Nigeria’s power supply
Tony Elumelu’s Transcorp has relocated four turbines to Delta State to boost power generation as gas supply improves across Nigeria.
Nigerian billionaire Adebayo Ogunlesi-linked OpenAI seals $38 billion cloud deal
OpenAI, with Nigerian billionaire Adebayo Ogunlesi on its board, signs $38 billion AWS deal to boost ChatGPT’s global AI expansion and computing power.
Nigerian lawyer Gbenga Oyebode gains $17 million from Okomu Oil
Gbenga Oyebode, chairman of Okomu Oil, gained over $17 million this year as the company’s shares jumped 136% on the Nigerian Exchange (NGX).
Nigerian oil mogul Wale Tinubu’s Oando turns to mining with lithium exploration in Kebbi
Wale Tinubu’s Oando Plc is expanding beyond oil, launching Oando Mining to explore lithium in Kebbi and other key minerals for Nigeria’s clean energy future.
Aliko Dangote’s Dangote Cement, Karl Toriola-led MTN Nigeria eye N1 trillion profit
Dangote Cement and MTN Nigeria are in a tight race to become the first Nigerian company to hit a record N1 trillion profit in 2025.
MTN Nigeria posts $518 million profit under Karl Toriola in 9M 2025
The return to profit reflects improved market conditions in Nigeria, where the naira has strengthened, inflation pressures have eased and foreign exchange liquidity has improved.
Nigerian businessman Ladi Jadesimi gains $29 million from Aradel stake
Ladi Jadesimi’s stake in Aradel Holdings rises by $29 million as shares surge nearly 31% on the Nigerian Exchange over 10 months.
Aliko Dangote’s refinery pledges steady fuel supply as output tops demand
Dangote refinery lifts output above demand and pledges stable petrol and diesel prices across Nigeria.