Nigerian energy magnate Austin Avuru gains $39.1 million from Seplat stake
As one of the founders and former directors of the Lagos-based energy conglomerate, Avuru owns a significant 8.2-percent stake in Seplat Energy.
West & Central Africa
Gabonese oil tycoon Samuel Dossou-Aworet’s stake in Seplat crosses $230-million mark
Dossou-Aworet has recorded a notable surge in his fortune, propelled by the performance of his holdings in Nigeria’s largest listed energy group.
7 companies owned by Ghana’s richest investor Daniel Ofori
Ofori is also the founder of Advance Ventures Limited, a top player in structural design and real estate.
Magnate Theophilus Danjuma’s million-dollar medical center opens in southeastern Nigeria
The project, conceived in March 2022, was unveiled by the 84-year-old businessman, politician, and retired army general.
Nigeria’s richest banker Jim Ovia makes $13 million from Zenith Bank stake in 8 days
Ovia, a key figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990.
Nigerian tycoon Wole Oshin makes another $1.4 million from Custodian stake
Custodian Investment surges 10 percent on NGX as market capitalization tops $55 million.
Burkinabe tycoon Idrissa Nassa’s Coris Bank faces suspension in SocGen asset acquisition
The Burkinabe tycoon’s financial move is now under scrutiny, raising questions about the future of this high-profile business deal.
Nigerian gambling magnate Kessington Adebutu gains $3.7 million from Wema Bank stake
Adebutu, the founder of Nigeria’s oldest gaming company, Premier Lotto Limited, owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
Aliko Dangote expects $20-billion refinery to reach 650,000 bpd capacity by 2024
The Dangote Oil Refinery is set to receive its first cargo of 6 million barrels from the Nigerian National Petroleum Corporation Limited (NNPC).
Nigeria’s richest banker Jim Ovia’s Zenith Bank announces expansion into France
Founded in 1990 by Ovia, Zenith Bank has become a leading lender not only in Nigeria but across anglophone West Africa.
Africa’s richest man Aliko Dangote’s refinery to commence production in December
The IEA recently commended Dangote and his refinery as a transformative force poised to drive oil demand growth in the coming decade.
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10 Nigerian entrepreneurs who made a fortune in fashion
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Showcasing Abdul Samad Rabiu’s wide-ranging philanthropy across Africa
Rabiu has become a notable philantrophist across Africa.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.