Adenuga’s firm, six others get approval to distribute fuel from Aliko Dangote’s refinery
The marketers have registered for the lifting and distribution of refined petroleum products.
Nigeria
Nigerian insurance tycoon Wole Oshin gains nearly $2 million from Custodian stake
Oshin wields significant influence with a 26.81-percent stake, equating to 1,576,662,503 ordinary shares.
Nigerian businessman Tony Elumelu gains $14 million from UBA stake
Tony Elumelu, with his 7.39-percent stake in UBA, equivalent to 2,527,372,285 shares, stands out as one of the Nigerian Exchange’s most affluent investors
Nigerian banker Adebayo Ogunlesi emerges as Africa’s newest billionaire
With a calculated 17.5-percent stake in GIP, Ogunlesi now stands as one of Africa’s top 20 billionaires.
Greek tycoon John Coumantaros gains $13.4 million from Flour Mills stake
Coumantaros, the chairman of Flour Mills also ranked as one of the richest investors on the Nigerian Exchange, holds a substantial 63.34-percent stake in Flour Mills.
5 companies linked to Nigerian lawyer and business executive Ifeoma Esiri
With more than 25 years of expertise and a pivotal role in Stanbic IBTC Holdings, she advocates for ethical governance while reshaping the nation’s financial landscape.
Blackrock acquires Nigerian billionaire Adebayo Ogunlesi’s GIP for $12.5 billion
Under the leadership of Ogunlesi, GIP has flourished into the world’s largest independent infrastructure manager.
Dangote back as Africa’s richest man as Forbes adds billion-dollar fertilizer plant to fortune
The Dangote Fertilizer Plant, launched in March 2022, was conceived as part of an ambitious initiative to meet Nigeria’s 1.5 million-tonne annual fertilizer demand.
Nigerian billionaire Femi Otedola reclaims spot on Forbes rich list with $1.2-billion fortune
This is the third time in the last 15 years that Otedola is being listed as one of the world’s richest people.
Mike Adenuga becomes Nigeria’s second-richest man as Forbes revalues Globacom
His net worth now stands at $7.4 billion — solidifying his position as a top figure in Africa’s business landscape.
Led by pan-African billionaire Benedict Peters, Aiteo unveils plans for new oil pipeline
This revelation follows the recent collaboration between Nigeria’s state-owned Nigerian National Petroleum Corporation (NNPC) and Aiteo Eastern E&P Company.
Nigerian billionaire Femi Otedola donates $1.1 million to boost Lagos State security
The significant contribution follows a series of philanthropic endeavors and is earmarked to bolster security initiatives within the state.
Nigerian banker Herbert Wigwe gains $15 million, Access Bank tops $1-billion market cap
As the group managing director and CEO of Access Holdings, Wigwe holds a substantial 9.09-percent stake in the lender, or 3,230,789,014 ordinary shares.
Refinery owned by Africa’s richest man prepares for test runs as sixth batch of crude arrives
The latest delivery, consisting of one million Agbami barrels of crude, marks the completion of the 6-million-barrel consignment to be utilized in the start-up phase.
Nigeria’s richest banker Jim Ovia’s Zenith Bank shares surge by $25 million 8 days
This surge firmly cements Ovia’s status as Nigeria’s wealthiest banker.
Nigerian billionaire Mike Adenuga’s Glo faces service disruption over unpaid interconnect charges
According to the notice, the NCC has granted partial approval for the disconnection of Glo from MTN Nigeria.