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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Nigerian billionaire Femi Otedola lauds Aliko Dangote’s refinery as fuel distribution begins
The Dangote Oil Refinery, which started loading petrol into trucks on Sunday, Sept. 15, is seen as a breakthrough in Nigeria’s decades-long struggle with fuel imports and shortages.
Nigerian billionaire Aliko Dangote tops Africa’s richest list again
Dangote has reclaimed the title of Africa’s richest person, surpassing South African Johann Rupert, according to Bloomberg and Forbes data.
Nigerian banker Ladi Balogun-led FCMB Group completes initial phase of capital raise
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.
Nigerian insurance tycoon Wole Oshin’s Custodian projects $18-million profit for Q4 2024
Custodian Investment expects a 119.74-percent profit increase in Q4 2024, with after-tax profit projected to reach N30.98 billion ($18 million).
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Nigerian billionaire Femi Otedola lauds Aliko Dangote’s refinery as fuel distribution begins
The Dangote Oil Refinery, which started loading petrol into trucks on Sunday, Sept. 15, is seen as a breakthrough in Nigeria’s decades-long struggle with fuel imports and shortages.
Zimbabwean billionaire Strive Masiyiwa boosts capacity for cross-border services in East Africa
This underscores Liquid’s commitment to enhancing East Africa's digital infrastructure as competition in the region intensifies.
Sibanye, led by South African tycoon Neal Froneman, reports $379 million loss for first half of 2024
The results mark a stark contrast to the same period in 2023, when Sibanye posted a profit of R7.8 billion ($427 million).
7 businesses owned by prominent Ghanaian entrepreneur Ibrahim Mahama
Mahama is transforming multiple sectors across Africa with his dynamic business ventures, from mining to agriculture, while championing philanthropy and economic development.