Nigerian insurance tycoon Wole Oshin gains $1.3 million from Custodian stake
Due to these recent gains, Oshin has solidified his position as one of the wealthiest investors on the Nigerian Exchange.
West & Central Africa
Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
Nigerian oil tycoon Omamofe Boyo could go on trial in Milan over alleged fraudulent tanker deal
Boyo is the deputy CEO of Oando Plc and owns an indirect 19.1-percent stake in the company.
Net worth of Nigeria’s second-richest man Abdul Samad Rabiu surpasses $5.5 billion
With his fortune pegged at $5.54 billion, Rabiu now claims the 444th spot on the global list of the wealthiest individuals.
Richest Nigerian banker Jim Ovia’s stake in Zenith Bank declines by $32 million
Ovia, a key figure in the evolution and digital transformation of Nigeria’s banking industry, founded Zenith Bank in 1990.
7 companies owned by Nigeria’s richest woman Folorunso Alakija
Billionaires.Africa has identified and cataloged seven companies owned by Alakija, showcasing her diverse business empire.
Ivorian tycoon Bernard Kone Dossongui ventures into cement business in Madagascar
Dossongui’s Atlantic Financial Group (AFG) is a holding company with interests in banking and insurance, agriculture, cement and flour milling.
Nigerian businessman Tony Elumelu gains $5 million in three weeks from UBA
Elumelu, with his 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares, ranks as one of the wealthiest individuals in the country.
Meet Malian tycoon Samba Bathily, who runs a $240-million conglomerate
Malian entrepreneur Samba Bathily is the founder of ADS Group, a conglomerate that records more than $240 million in annual revenues.
Norwegian company acquires stake in Nigerian billionaire Tunde Folawiyo’s oil field
Folawiyo controls Yinka Folawiyo Petroleum, the operator of OML 113 which contains the Aje field.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
Egyptian billionaire Mohamed Mansour’s San Diego MLS team plans training center on tribal land
The campus, spanning 125,000 square feet, will feature a 50,000-square-foot advanced sports facility.
Billionaire Sean ‘Diddy’ Combs threatened racism claims for payout, Diageo claims
Diageo alleges that Sean “Diddy” Combs attempted to extort millions by threatening to label the firm as racist.
Nigerian billionaire Abdul Samad Rabiu’s cement company slashes cement prices
This decision comes just one month after Rabiu expressed optimism regarding the completion of two new cement factories by the year’s end.