CBN approves billionaire Femi Otedola as director of FBN Holdings
Femi Otedola, who is the chairman of power generating company Geregu Power, is one of the largest shareholders of FBN Holdings.
Nigerian billionaire
Abdul Samad Rabiu’s BUA Cement partners with Sinoma to expand cement plant
BUA Cement is a leading cement maker led by Nigeria’s second-richest man, Abdul Samad Rabiu.
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
The overwhelming support of shareholders underscores Otedola’s substantial impact on the nation’s economy.
Nigerian billionaire Aliko Dangote is back on top as Africa’s richest man
Dangote’s return to the top of the continent’s richest list follows a surge in his net worth, as reported by Forbes.
Nigerian tycoon Fidelis Ayebae loses over $1 million from Fidson stake
Ayebae owns an impressive 33.1-percent stake in Fidson Healthcare.
10 top investments of Flutterwave billionaire Olugbenga Agboola
Billionaires.Africa has identified and cataloged several investments directly led by Agboola.
Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.
Nigerian billionaire Orji Uzor Kalu to head Senate Committee on Privatization
Kalu is the founder of Slok Holding, a West African conglomerate with tentacles in shipping, banking, manufacturing and media.
Nigerian pharma tycoon Stella Okoli, U.S. gov’t partner to combat malnutrition
Emzor, which Okoli owns, will partner with the U.S. government to establish a processing facility for medical-grade groundnut paste.
7 assets owned by Nigerian billionaire Mike Adenuga
Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
Dangote’s investment portfolio soars above $7.3 billion on Nigeria’s stock market
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.
Abdul Samad Rabiu donates vehicles worth $650,000 to drug enforcement agency
The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.
Dangote’s net worth hits $11.2 billion, paving way to reclaim Africa’s richest title
The recent rebound in Dangote’s net worth is a testament to the resilient performance of his diverse business ventures amid challenging economic conditions.
Billionaire Abdul Samad Rabiu’s food empire shines bright with $120 million profit in H1 2023
BUA Foods, which is majority owned by Rabiu, is the unified food business segment of BUA Group.
Nigerian billionaire Mike Adenuga’s oil marketing firm nets $8.12-million profit in H1 2023
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.