Shola Akinlade’s Paystack targets Nigeria’s $32 billion financing gap for small businesses
Shola Akinlade is expanding Paystack beyond payments, using banking and data to help close Nigeria’s $32 billion small business financing gap.
West & Central Africa
Idrissa Nassa's Coris Bank takes full control of Cape Verde bank
Coris Bank, led by Idrissa Nassa, completes takeover of Cape Verde’s BCA, expanding its African banking footprint.
Aliko Dangote’s cement company awards $10.5 million to distributors across Africa
Aliko Dangote’s Dangote Cement rewards top African distributors with $10.5M in cash, vehicles, and prizes, highlighting growth plans.
Femi Otedola hosts fellow billionaire Rabiu in Dubai amid expanding business empires
Femi Otedola hosted billionaire Abdul Samad Rabiu in Dubai as both oversee major deals reshaping Nigeria’s banking, power and manufacturing sectors.
Nigerian businessman Tony Elumelu urges leaders to rethink authority, trust and team relationships
Tony Elumelu urges leaders to rethink authority, arguing that trust, empathy and disciplined execution drive results more than hierarchy.
British executive David Bird readies Dangote refinery for IPO in Nigeria
British executive David Bird prepares Dangote Petroleum Refinery for a landmark IPO as Nigeria’s largest industrial asset moves closer to public listing.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group adds a 22 MW gas plant
BUA Group signs 22 MW gas power deal to cut diesel use, boost energy supply, and support Nigeria’s energy transition.
Nigerian software engineer Shola Akinlade’s Paystack moves into banking
Paystack, co-founded by Shola Akinlade, acquires Ladder Microfinance to offer SME loans and digital banking in Nigeria.
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.
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.