Nigerian billionaire’s cement firm commences operations at multimillion-dollar plant line
BUA Cement has solidified its position as Nigeria’s second-largest cement producer.
Nigerian billionaire
Nigerian billionaire Aliko Dangote sees wealth surge by $400 million, cements status as Africa’s richest
Dangote’s net worth has risen from $15.8 billion on Dec. 1 to $16.2 billion — the recent uptick has narrowed his year-to-date wealth losses to $2.49 billion.
Femi Otedola’s power company aims for $39.56 million in revenue in Q1 2024
Geregu Power aims to double revenue in the first quarter of 2024 despite operating challenges.
Refinery owned by Africa’s richest man to generate $27-billion annual revenue
The complex will initially focus on producing diesel, aviation fuel, and gas, with petrol production planned for a later stage.
Aliko Dangote’s refinery set to commence operation as first crude stock arrives
This comes shortly after the mega refinery received its license to refine over 300,000 barrels of Nigerian crude daily in November.
Otedola becomes second Nigerian billionaire with stakes in two companies worth over 1 trillion naira
With his strategic investments and relentless pursuit of excellence, Otedola continues to make significant contributions to the Nigerian economy and beyond.
Billionaire Mike Adenuga-linked Julius Berger delivers $425-million bridge to Nigerian gov’t
Julius Berger, the renowned construction giant partly owned by Nigerian billionaire Mike Adenuga, has officially handed over the N336 billion ($425.6 million)…
Nigerian energy magnate Austin Avuru gains $39.1 million from Seplat stake
As one of the founders and former directors of the Lagos-based energy conglomerate, Avuru owns a significant 8.2-percent stake in Seplat Energy.
Magnate Theophilus Danjuma’s million-dollar medical center opens in southeastern Nigeria
The project, conceived in March 2022, was unveiled by the 84-year-old businessman, politician, and retired army general.
Africa’s richest man Aliko Dangote’s refinery to commence production in December
The IEA recently commended Dangote and his refinery as a transformative force poised to drive oil demand growth in the coming decade.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.
Nigerian billionaire Femi Otedola sells 1 million shares in Geregu Power
Femi Otedola executed a cross deal on the Nigerian Exchange via his company, Amperion Power Distribution Company Limited.
5 key philanthropic contributions by Nigerian billionaire Folorunsho Alakija
One of Nigeria’s richest woman, Folorunsho Alakija, has made investments in many different economic areas. She is not just a billionaire entrepreneur…
Billionaire Theophilus Danjuma donates $1.36-million to Nigerian university
The $1.36-million donation, through the T.Y. Danjuma Foundation, is the largest donation by an individual for the construction of a student hostel in Nigeria.
Nigerian businessman Tony Elumelu and wife acquire 23 million new shares in UBA
The move by Elumelu and his wife is viewed as a vote of confidence in UBA’s financial performance.
Nigerian president inaugurates billionaire Abdul Samad Rabiu’s $1.2-million innovation center
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