Nigerian president inaugurates billionaire Abdul Samad Rabiu’s $1.2-million innovation center
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West & Central Africa
Energy mogul Eruani Azibapu seals $258-million deal for Nigeria’s newest refinery
Azibapu, speaking at the signing ceremony, expressed his unwavering commitment to Nigeria’s development and the broader African continent.
Nigerian banker Herbert Wigwe gains $4.6 million from Access Bank shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider.
Nigerian mogul Wale Tinubu’s Oando secures $800-million deal for strategic oil assets acquisition
This strategic move is set to play a pivotal role in the acquisition of a 20-percent participating interest in the Nigerian Agip Oil Company.
Greek tycoon John Coumantaros rakes in $9.4 million from Flour mills stake
Coumantaros, the chairman of Flour Mills of Nigeria also ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
U.S.-Nigerian telecom tycoon Sam Darwish’s stake in IHS surges above $70 million
Sam Darwish, a leading figure in the global telecom industry, owns a substantial 4.17-percent stake in IHS Holdings
Nigerian tycoon Mike Adenuga holds ground among world’s top 900 billionaires despite early 2023 setback
With a net worth of $3.3 billion, Adenuga holds the title of the third-richest billionaire in Nigeria.
Femi Otedola cements position among Africa’s richest as portfolio exceeds $1.2 billion
With a diverse portfolio and impactful investment strategy, Otedola has become the third-richest investor on the Nigerian Exchange.
Dangote’s refinery secures license to process 300,000 barrels of Nigerian crude daily
At a Saudi-Nigeria business roundtable in Riyadh, Dangote emphasized the refinery’s commitment to initiating operations with Nigerian crude.
Abdul Samad Rabiu overtakes Dangote as richest investor in Nigeria’s stock market
Rabiu’s portfolio includes a 99.8-percent stake in BUA Foods, the crown jewel of his holdings, valued at N3.64 trillion ($4.54 billion).
Nigerian banker invests $500 million in new Lagos university
To ensure international standards, Wigwe aims to recruit 30 percent of teaching staff from the United States and the UK.
Africa’s richest man Aliko Dangote puts $45.5-million private jet up for sale
Dangote initially acquired the ultra-long-range jet for $45.5 million 13 years ago to commemorate his 53rd birthday.
Nigeria’s richest banker Jim Ovia loses $8 million from Zenith Bank stake
Ovia, a key figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990.
10 richest people on the Ghana Stock Exchange
Meet the 10 individuals who own the most substantial stock ownership positions on the Ghana Stock Exchange.
Nigerian billionaire’s fintech company secures Malawi license for global transactions
Flutterwave has gained prominence in the fintech sector under the leadership of Nigerian billionaire Olugbenga Agboola.
25 richest people on the Nigerian Exchange
Leading the ranks on the Nigerian Exchange are iconic figures like Aliko Dangote, Femi Otedola, and Abdul Samad Rabiu.