Billionaire Femi Otedola's First HoldCo stake hits $641 million as shares hit record high
Femi Otedola's stake in First HoldCo climbed to about $641 million after the Nigerian bank's shares surged 9.97% to a record N95.95 on Friday.
West & Central Africa
Mining tycoon Segun Lawson, Nigerian partners see gold stakes climb after $77 million second quarter
Segun Lawson and two Nigerian partners hold close to $60 million in Thor Explorations after the miner posted a $77.3 million second quarter from Segilola.
Billionaire Abdul Samad Rabiu's BUA Foods approves record $363 million dividend and expansion plan
BUA Foods, controlled by billionaire Abdulsamad Rabiu, approved a record $363 million dividend and unveiled an expansion plan to become Nigeria's largest food manufacturer.
Nigerian anti-graft agency re-arraigns tycoon Tunde Ayeni a third time in $11.2 million fraud case
Nigeria's EFCC has re-arraigned former Skye Bank chairman Tunde Ayeni a third time on amended charges of diverting N15.6 billion. He pleaded not guilty.
Billionaire Baba Danpullo's legal battle clouds Tiger Brands' $46 million exit from Cameroon
A long-running legal battle by billionaire Baba Danpullo has frozen part of Chococam's funds, complicating Tiger Brands' exit from the Cameroon cocoa processor.
Billionaire Ibrahim Mahama's E&P accused of espionage in $250 million Ghana gold fight
Engineers and Planners, owned by Ghanaian billionaire Ibrahim Mahama, has been accused of industrial espionage to seize a $250m gold project. It denies wrongdoing.
Billionaire Emeka Okwuosa's Oilserv completes Nigeria's landmark AKK gas pipeline
Oilserv, owned by Nigerian billionaire Emeka Okwuosa, has completed construction of the 303-kilometre AKK gas pipeline, a centrepiece of Nigeria's Decade of Gas.
Billionaire Tunde Folawiyo's Aje oil field partner PetroNor moves to exit Nigeria
PetroNor has appointed Talanger to sell its stake in Nigeria's Aje oil field, unwinding its partnership with billionaire Tunde Folawiyo's Yinka Folawiyo Petroleum.
Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Femi Otedola's stake in First HoldCo rose to about $530 million after the Nigerian bank's shares surged 9.98% to a record close of N79.35.
Aliko Dangote's $17 billion Lamu refinery faces Greenpeace demand for halt over ecosystem risk
Greenpeace Africa has called for a halt to Aliko Dangote's $17 billion Lamu oil refinery, warning it threatens one of East Africa's fragile ecosystems.
Billionaire Femi Otedola is writing a sequel to his award-winning memoir Making It Big
Femi Otedola says he is writing a second book, Making It Bigger, a follow-up to the award-winning memoir he published in August last year.
Ivorian tycoon Jean Kacou Diagou's NSIA Banque lifts profit 7% as balance sheet tops $5 billion
NSIA Banque Côte d'Ivoire, controlled by Jean Kacou Diagou, lifted 2025 profit 7% to about $72 million as its balance sheet topped $5 billion.
Nigerian tycoon Aderemi Makanjuola's Caverton narrows loss to $10 million as revenue slides 40%
Caverton Offshore, founded by Aderemi Makanjuola, cut its pre-tax loss 74% to $9.98 million in 2025, though revenue fell 40% and debt climbed.
Cameroonian tycoon Nassourou Issa plans $100 million sugar mill to rival Castel
Cameroonian tycoon Nassourou Issa is building a $100 million sugar mill, backed by Société Générale, to outproduce the Castel family's Sosucam by 2028.
Tanzania's richest man eyes $100 million stake in Dangote's planned Kenya oil refinery
Tanzanian billionaire Mohammed Dewji says he is willing to invest $100 million in Aliko Dangote's proposed oil refinery in Kenya.
Tycoon Moh Damush's Telecel Group bids for TalkTalk's UK wholesale telecom arm
Telecel Group, the pan-African operator co-founded by Moh Damush, has bid for TalkTalk's UK wholesale arm in a deal worth up to £450 million.