Bank led by Nigeria’s richest banker, Jim Ovia, posts $370-million half-year profit
Zenith Bank’s financial performance has prompted its board of directors to propose an interim dividend of N0.50 ($0.00063) per share.
West & Central Africa
Africa’s doyen of accounting, Akintola Williams, dies at 104
Williams also played a pivotal role in establishing the Nigerian Exchange and served as the first president of ICAN.
5 companies owned by Nigerian energy magnate Austin Avuru
Billionaires.Africa has cataloged companies owned by and linked to Avuru. Here are five companies under his direct or indirect ownership.
Nigeria’s second-richest man Abdul Samad Rabiu’s gains $1.2 billion in 45 days
Rabiu’s fortune has taken a remarkable turn, with his net worth bouncing back by more than $1 billion.
Nigerian billionaire Olugbenga Agboola’s Flutterwave expands reach to India
Agboola believes this expansion will usher in an era of smoother financial transactions between the two regions.
Nigerian tycoon Fidelis Ayebae gains $1.4 million from investment in Fidson
The recent gains solidify Ayebae’s position as one of Africa’s pharmaceutical industry magnates.
Cameroonian banker Alain Nkontchou rakes in $1.8 million from Ecobank stake
Nkontchou is one of the richest investors on the Nigerian Exchange and one of Cameroon’s wealthiest banking executives.
Indian billionaire Hinduja family vows to pour billions into Nigeria’s auto industry
The Indian Hinduja family, with a total wealth of £35 billion ($43.7 billion) as of May 2023, is the richest family in the United Kingdom.
Nigeria’s richest banker, Jim Ovia’s gains $17 million in a single week from Zenith Bank stake
Ovia owns a 16.2-percent stake in Zenith Bank, which translates to a total of 5,072,104,311 ordinary shares.
Billionaire Femi Otedola Applauds Lagos Governor over Light Rail Completion
Femi Otedola is the Chairman of Geregu Power Plc
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
One of Nigeria’s richest bankers, Herbert Wigwe rakes in $2.7 million in 19 days
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
Ghana’s richest investor Daniel Ofori loses $1.6 million from GCB Bank stake
Despite the recent decline in the market value of his stake, Ofori remains the richest investor on the Ghana Stock Exchange.
Nigerian billionaire Mike Adenuga suffers $7.5-million loss as Conoil shares dip
Despite this setback, Adenuga stands as one of the wealthiest billionaires not only in Nigeria but on the African continent.
Nigerian oil tycoon Wale Tinubu’s Oando to acquire Italian-owned NAOC
Tinubu emphasized that this announcement underscores the indispensable role played by indigenous companies in Nigeria’s upstream sector.
7 companies owned by Nigeria’s richest banker Jim Ovia
In the African financial world, Ovia stands tall as Nigeria’s richest banker and a leading figure in the country’s business landscape.