Nigerian tycoon Dozy Mmobuosi faces $250-million fine and U.S. corporate ban
A U.S. federal court has ordered Mmobuosi to pay over $250 million in fines and barred him from serving as a director of any public company.
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Elon Musk’s Starlink halts orders in Nigeria until price hike is approved
Starlink halts new residential kit orders in Nigeria, citing regulatory hurdles over its proposed price adjustments.
Flour Mills gains shareholder approval for buyout deal
The move follows a resolution approved by the Federal High Court, clearing the path for the company’s long-discussed acquisition strategy, which was first unveiled on Sept. 24.
Family feud over $435-million dividend pits Nigerian oil magnate against his daughters
Indimi’s daughters have taken legal action against their father and his oil company, alleging they were unjustly denied their rightful share of a $435.1 million dividend.
Jim Ovia’s stake in Zenith Bank tops $130 million
Jim Ovia’s wealth soars, solidifying his position as Nigeria’s richest banker
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Lesaka acquires Recharger, prepaid electricity firm, in $28 million deal
The deal, which strengthens Lesaka’s position in the fintech sector, involves the purchase of all Recharger's shares.
Nassef Sawiris sees $930-million wealth gain, entering global top 350 richest
Egypt’s richest man, Nassef Sawiris’ wealth is bolstered by increased cash holdings, rising by nearly $1 billion to $3.85 billion.
Sibanye-Stillwater partners with C5 Capital to explore Nuclear opportunities
The two companies formalized their partnership with a Memorandum of Understanding (MoU).
South African tycoon Stephen Brookes gains $2 million from Balwin stake
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.