Aliko Dangote’s $20 billion refinery warns fuel prices may double in Nigeria
Dangote Refinery says petrol prices could rise to N1,400 per liter if Nigeria relies on imports instead of local refining.
West & Central Africa
Nigerian energy tycoon Tope Shonubi's Sahara Group plans 7,000 MW expansion
Sahara Power targets 6,500 to 7,000 megawatts in three to five years, backed by policy reforms, debt repayment and new energy investments.
Idrissa Nassa opens $1.33 million amphitheater in Burkina Faso
Burkinabe businessman Idrissa Nassa opens a $1.33 million amphitheater to enhance education and professional training.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $10.16 million profit
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts record profit of N14.54 billion ($10.16 million) in 2025.
Even after $20.7 million staff gift, Abdul Samad Rabiu edges closer to $10 billion
Nigerian billionaire Abdul Samad Rabiu nears $10 billion as BUA Cement and BUA Foods shares surge, lifting his fortune to about $9.7 billion.
Aliko Dangote's refinery loads 43 million liters, denies petrol shutdown
Dangote refinery loads 43 million liters of petrol, denies shutdown, and assures steady supply amid price fluctuations.
Nigerian investor Tope Lawani’s Helios completes Axxela stake sale to BlueCore
Helios Investment Partners has completed the sale of its majority stake in Nigeria’s Axxela to the BlueCore energy consortium.
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build slowly, honor values
Nigerian businessman Cosmas Maduka urges African entrepreneurs to build steadily, honor values, and grow with patience and discipline.
Mr. Eazi pledges $2 million to build new live event venues in Accra
Mr Eazi commits $2 million to build new indoor and outdoor live event venues in Accra, expanding capacity for major performances year-round.
Femi Otedola urges higher minimum as FirstBank hits $346 million capital target
FirstBank reaches $346 million minimum; Femi Otedola urges raising international banking capital to $692 million.
Nigerian executive Wola Joseph-Condotti-led West Power exits Eko DisCo in $250 million deal
West Power, led by Nigerian executive Wola Joseph-Condotti, has sold its 60 percent stake in Eko DisCo in a N360 billion, $250 million transaction.
Aradel Holdings, led by Adegbite Falade, completes 40% stake acquisition in ND Western
Aradel completes 40 percent ND Western acquisition, strengthens OML 34 influence, and grows Nigerian oil and gas presence.
Nigerian banker Segun Agbaje-led GTCO to raise $6.8 million in private placement
GTCO plans $6.9 million private share placement, approved by CBN and SEC under Segun Agbaje’s leadership.
Nigerian tycoon Fidelis Ayebae gains $4.2 million from Fidson stake
Fidelis Ayebae gains $4.2 million as Fidson Healthcare shares rally on the Nigerian Exchange, lifting the value of his 33.1% stake.
Nigerian businessman Tony Elumelu’s Heirs Energies buys 20% of Seplat for nearly $500 million
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Nigerian billionaire Femi Otedola cashes out of Geregu Power in $750 million deal
The transaction marks a decisive step away from an asset he helped turn into a market bellwether.