Wale Tinubu's Oando lands $650 million Agip deal backed by AfrexInsure
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
West & Central Africa
Aradel, led by Nigerian businessman Ladi Jadesimi, declares $62 million dividend
Aradel reports record earnings, raises dividends, and expands its asset base through strategic acquisitions, strengthening its position in Nigeria’s energy sector.
MRS, majority owned by Dangote’s half-brother Sayyu Dantata, rakes in $203 million revenue
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
Gervais Koffi Djondo: Togolese visionary behind Ecobank and Asky Airlines’ rise
Djondo’s legacy extends beyond banking, his vision for economic integration has reshaped finance and aviation across Africa.
From $1.8 billion deal to legal trouble: Nigerian businesswoman Aisha Achimugu wanted for money laundering
The move follows her involvement in a $1.8 billion oil project with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada.
Seydou Kane: Reclusive Malian tycoon with business ventures spanning real estate, telecom, and finance
Malian-born Seydou Kane built a thriving business empire in Gabon across real estate, finance, and trade, while fostering diplomatic and philanthropic ties.
Segun Agbaje leads GTCO to record $661.3 million profit, sets $134.4 million dividend payout
This highlights the leading lender’s robust financial discipline and commitment to maximizing shareholder value.
Zenith Bank’s 2024 profit hits $671 million with Adaora Umeoji at the helm
Zenith Bank reports strong $670 million profit, strengthens position among Africa’s most profitable lenders
After Saudi shipment in February, Aliko Dangote’s refinery sends jet fuel to the U.S.
Beyond the local market, the refinery has expanded its reach across Africa, supplying diesel and aviation fuel to Cameroon, Angola, Ghana, and South Africa.
Jim Ovia, Nigeria’s richest banker, makes $10.2 million from Zenith Bank stake
As the founder and chairman of Zenith Bank, Ovia holds a 16.2-percent stake, totaling 5,082,800,739 shares.
Tony Elumelu, UBA executives spend $19 million on travel in 2024
This expense was part of the $445 million classified under “other operating expenses” in 2024, an increase from $242.7 million the previous year.
Nigerian businesswoman Stella Okoli’s Emzor to open $23 million API plant in late 2025
The plant, slated to begin local production in the fourth quarter of this year, marks a significant step toward reducing Nigeria’s reliance on imported medicines.
5 investment strategies by Africa’s richest man, Aliko Dangote
Dangote's empire thrives on diversification, with investments spanning cement, sugar, and oil refining, ensuring stability and long-term growth amid economic fluctuations.
IHS, led by U.S.-Nigerian telecom tycoon Sam Darwish, secures $1.6 billion in fresh funding
IHS Holding, led by Sam Darwish, raised $1.6 billion to strengthen its balance sheet amid currency volatility and evolving market conditions.
How Baba Ahmadou Danpullo became Cameroon’s richest man
From his early days in tea cultivation to owning one of South Africa’s largest private property portfolios, his story is one of grit, vision, and calculated ambition.
Burkina Faso opens new cement plant with Chinese support, challenging Dangote’s operations
With a production capacity of 2,000 tonnes per day, the new plant is expected to create hundreds of jobs for Burkina Faso’s youth.
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