Africa’s richest man Aliko Dangote puts $45.5-million private jet up for sale
Dangote initially acquired the ultra-long-range jet for $45.5 million 13 years ago to commemorate his 53rd birthday.
Nigeria
Nigeria’s richest banker Jim Ovia loses $8 million from Zenith Bank stake
Ovia, a key figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990.
Nigerian billionaire’s fintech company secures Malawi license for global transactions
Flutterwave has gained prominence in the fintech sector under the leadership of Nigerian billionaire Olugbenga Agboola.
25 richest people on the Nigerian Exchange
Leading the ranks on the Nigerian Exchange are iconic figures like Aliko Dangote, Femi Otedola, and Abdul Samad Rabiu.
Nigerian elders urge restraint in Dangote-Rabiu business conflict for stability
Dangote and Rabiu are leaders of Africa’s industrial and manufacturing revolution through their conglomerates Dangote Group and BUA Group.
Nigerian billionaire Femi Otedola makes $8.6 million from First Bank investment
Otedola’s recent gains in FBN Holdings and Geregu Power further solidify his status as one of Africa’s wealthiest individuals.
Led by pan-African billionaire Benedict Peters, Aiteo launches new premium crude oil grade to global market
The new premium crude oil grade was unveiled at the ongoing Argus European Crude Conference.
Tony Elumelu’s UBA promises backing for Nigerian and African small business owners
Elumelu, who owns a 7.39-percent stake in UBA, is not only one of the wealthiest investors on the Nigerian Exchange but also one of Nigeria’s most affluent individuals.
Africa’s richest man Aliko Dangote moves $687 million from African ventures to Nigeria
This substantial repatriation is a testament to the confidence that prominent business leaders like Aliko Dangote have in the nation’s prospects.
Dangote, Rupert, Motsepe, and others too poor to rank among world’s 100 richest billionaires
The challenges faced by Africa’s billionaires in their pursuit of global wealth rankings serve as a stark reminder of the complex dynamics at play in the global market.
Arrest warrant issued for Nigerian tycoon Cletus Ibeto in $6.1-million fraud case
The issuance of a bench warrant signals a significant turn in the legal proceedings against Ibeto, adding a layer of complexity to the $6.1-million fraud case.
Nigeria’s second-richest man Abdul Samad Rabiu’s BUA Group hits back at Aliko Dangote
Rabiu’s BUA Group counters Dangote’s accusations with a history of perseverance.
Africa’s richest man Aliko Dangote’s refinery to receive crude oil cargoes from NNPC
The IEA has lauded Dangote and his Dangote Oil Refinery as a pivotal force poised to stimulate oil demand growth over the next decade.
Nigerian billionaire Femi Otedola sells $6.4 million worth of Geregu Power shares
This move by Otedola reduced his stake in Geregu Power from 95.56 percent to a slightly smaller but still substantial 95.38 percent.
10 companies owned by Nigerian mogul Adebayo Ogunlesi
Adebayo Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Dangote’s salt-processing company surpasses $70-million revenue mark in 9M-2023
As the majority shareholder of Nascon Allied Industries, Dangote’s stake in the salt and seasoning processing company is now worth $117 million.