Aliko Dangote slashes Nigeria petrol imports to historic low
Aliko Dangote's refinery supplied 92% of Nigeria's petrol demand in February, cutting the country's dependence on foreign fuel to a record low.
Nigeria
Nigerian billionaire Abdul Samad Rabiu gives Super Eagles $500,000 despite loss to Morocco
Rabiu said he would honor the $500,000 pledge, framing the payment as a gesture of appreciation for the players’ performance and the lift they gave to national morale.
Nigerian billionaire Sayyu Dantata emerges as biggest winner from Dangote Refinery’s fuel boom
Sayyu Dantata, half-brother to billionaire Aliko Dangote, has emerged as Nigeria’s most powerful fuel distributor after NNPC, leveraging his MRS network to benefit from Dangote Refinery’s rise.
Fidelis Ayebae's Fidson partners with Japanese firm to expand Nigeria drug production
Fidson Healthcare expands partnership with Japan’s Ohara to boost local drug production, cut reliance on imports, and improve access to affordable medicines.
Nigerian oil mogul Muazzam Mairawani plans $225 million U.S. IPO after $15 billion oil find
Nigerian tycoon Muazzam Mairawani’s MSM Group plans a $225 million U.S. IPO after discovering $15 billion in oil reserves to expand Nigeria energy ventures.
Billionaire Abdul Samad Rabiu’s BUA Foods becomes Nigeria’s most valuable company
BUA Foods tops Nigerian Exchange with $6.76 billion valuation; revenue grows 36%, net profit doubles in first half of 2025.
Nigerian billionaire Abdul Samad Rabiu’s net worth rises to $6 billion on cement, food gains
Abdul Samad Rabiu’s net worth rises to $6 billion as gains from BUA Cement and BUA Foods push him higher among Africa’s richest individuals.
Nigerian businessman Oba Otudeko cleared in $8 million fraud case
Nigeria’s EFCC drops $8M fraud case against Oba Otudeko after court-approved settlement; Honeywell Group reaffirms his integrity and leadership.
Nigeria’s Sijuwade royal family, one of Africa’s richest, grows fortune to $240 million over decade
Royal heirs grow Sijuwade family fortune to $240 million through energy, real estate, and construction investments across Nigeria and beyond.
Africa’s richest man Aliko Dangote outlines expansion plans for $3 billion fertilizer plant
Dangote eyes expansion of $3 billion fertilizer plant to reduce Africa’s imports and boost local food production in 40 months.
Elon Musk’s Starlink reconnects Nigeria after regulatory halt
The expansion comes after significant upgrades to network capacity, aimed at boosting connectivity in Africa’s most populous nation.
Billionaire philanthropist Aminu Dantata, uncle to Aliko Dangote, dies at 94
News of his passing was confirmed on Saturday by his Principal Private Secretary, Mustapha Abdullahi Junaid, who shared the announcement with deep sorrow.
Ally Awadh’s Lake Gas receives Nigerian cooking gas shipment to cut prices in Kenya
Lake Gas, led by Ally Awadh, lands Nigerian LPG at Kenya’s Vipingo terminal to lower prices and boost East Africa’s clean energy supply.
Seplat, co-founded by Austin Avuru bets big on power sector
The move, announced by CEO Roger Brown, is part of the firm’s long-term strategy to deepen Nigeria’s energy access and industrial development.
Nigeria’s 7 richest royal families
Their businesses not only fuel the economy but also create jobs, foster community development, and drive inclusive growth.
EFCC declares Aisha Achimugu wanted in $150 million fraud case
EFCC declares Aisha Achimugu wanted in a $150.3 million fraud probe involving offshore oil assets, money laundering, and 136 suspicious bank accounts.