Adaora Umeoji emerges as first female CEO of Nigeria’s most profitable bank
Umeoji will ascend to the helm of the institution, taking over the reins of control from Ebenezer Onyeagwu, whose term as group managing director and CEO expires on May 31.
West & Central Africa
British-Nigerian entrepreneur Ladi Delano’s startup raises $100 million at $750 million valuation
Established in 2020 by Delano alongside Jide Odunsi, Moove has rapidly emerged as a key player in the mobility fintech sector.
Globacom founder Mike Adenuga’s stake in Julius Berger gains $3.4 million
This surge solidifies Adenuga’s position among the world’s wealthiest individuals.
Nigerian tycoon Michael J. Prest’s BONI secures $11 million for Nevis solar energy and hospitality development
This initiative aims to reduce energy bills, support business growth, create employment opportunities, and contribute to carbon emission targets.
Nigerian gas tycoon Julius Rone seeks investment for revolutionary FLNG project
The appeal for investment was made during a meeting between Rone’s management team at UTM Offshore and Felix Omatsola Ogbe, the executive secretary of NCDMB.
U.S.-Nigerian telecom tycoon Sam Darwish loses $4.33 million as IHS shares plunge
According to data tracked by Billionaire.Africa, the market value of Darwish’s stake in IHS Holding has plunged by $4.33 million over the past 24 days.
Nigeria’s aviation authority warns private jet owners, including billionaires, on unauthorized usage
To ensure compliance, the NCAA will deploy officials to General Aviation Terminals (GAT) and private airport wings to monitor PNCF holders’ activities closely.
Nigerian banker Aigboje Aig-Imoukhuede returns as non-executive chairman of Access Holdings
The decision for his return followed extensive consultations with key stakeholders, and the holdco board unanimously agreed to invite him to helm governance.
Nigeria’s richest banker Jim Ovia’s Zenith Bank stake rebounds above $120 million
The surge in Ovia’s stake marks a recovery from the impact of the recent devaluation of the Nigerian currency, which saw his fortune dip below $100 million in February
Dangote’s half-brother Sayyu Dantata eyes sale of lavish Banana Island mansion
The leading businessman known for his affinity for luxury and lavish assets, is reportedly contemplating a return to his hometown of Kano State.
Africa’s richest man Aliko Dangote loses $8.7 billion amid Nigeria’s currency woes
This decline is influenced by the recent devaluation of the Nigerian currency — the country’s second devaluation in eight months.
Nigerian tycoon Tony Elumelu launches Heirs Technologies to lead digital transformation in Africa
Heirs Technologies is set to play a pivotal role in shaping Africa’s digital future. The launch signifies a crucial moment in the continent’s technological advancement.
Burkina Faso’s richest man launches online car reservation platform in Togo
The newly introduced car reservation platform, operating under the subsidiary Bonkoungou Distribution (BKG), strengthens Bonkoungou’s presence in Togo.
Nigerian-born British boxer Anthony Joshua secures $50 million in recent Riyadh bout
Beyond the financial rewards of his $50 million purse, Joshua’s victory represents a significant personal and professional triumph.
Tony Elumelu’s Heirs Energies expands gas supply operations to boost power generation in Nigeria
The recent success of Heirs Energies is linked to strategic acquisitions.
Nigerian billionaire Femi Otedola’s energy firm targets $23.9-million revenue in Q2 2024
According to the latest earnings forecast, the power-generating giant is optimistic about achieving a gross profit of N20.79 billion ($13.04 million) in the second quarter of 2024.