Billionaire Femi Otedola leads FBN Holdings to record gross earnings of more than $2 billion
The group’s gross earnings surged past $2 billion, further solidifying its place among Nigeria’s leading financial institutions.
Nigerian billionaire
10 assets owned by Nigeria’s richest woman Folorunso Alakija
Alakija’s path to prominence began in 1974, when she took on the role of secretary at Sijuwade Group, a conglomerate owned by the late Oba Okunade Sijuwade.
Nigerian billionaire Femi Otedola’s Geregu Power reports $26 million profit in 2024
This robust result follows a history of consistent financial success, positioning the company at the forefront of Nigeria’s power sector.
Nigeria’s richest banker Jim Ovia gains $11.6 million as Zenith Bank completes public offer
This increase highlights the strong performance of the Lagos-based lender and the confidence investors have in its prospects.
Nigerian billionaire Adebayo Ogunlesi’s net worth increases to $2.3 billion one week after joining OpenAI board
The sharp increase in his fortune is tied to Adebayo Ogunlesi’s investment portfolio, valued at over $1.8 billion.
Nigerian billionaire Femi Otedola reaffirms commitment to First Bank, vows to protect its interests
FBN Holdings, the parent company of Nigeria’s oldest bank, has thrived under the leadership of Femi Otedola.
Nigerian billionaire Adebayo Ogunlesi joins OpenAI’s Board of Directors
This appointment marks a key step for Ogunlesi, reflecting his leadership and experience in shaping global infrastructure and corporate strategy.
Nigerian billionaire Mike Adenuga’s fortune grows by $700 million in 2024
Globacom remains the crown jewel of Adenuga’s empire, driving Nigeria’s digital transformation through substantial investments in network expansion.
Dangote’s wealth hits $28.1 billion, secures spot as world’s richest Black person
This feat places him 68th on the Bloomberg Billionaires Index, securing his position among the world’s top 100 richest individuals.
Muhammadu Indimi unveils $315-million FPSO vessel to boost Nigeria’s oil production
Billionaire oil magnate Muhammadu Indimi has launched a $315-million Floating Production, Storage, and Offloading (FPSO) vessel in Dubai, signaling a major step in enhancing Nigeria's offshore oil production.
Refinery owned by Africa’s richest man exports petrol to South Africa, three other nations
Dangote Oil Refinery exports petrol to Cameroon, Angola, Ghana, and South Africa, a key milestone in reshaping Africa’s fuel market.
Folorunsho Alakija: The billionaire oil tycoon redefining philanthropy and empowerment
From a groundbreaking oil venture to impactful philanthropic initiatives, Folorunsho Alakija’s journey is a testament to resilience, vision, and the power of giving back.
Geregu Power eyes $40 million quarterly revenue target for early 2025
Geregu Power, led by Nigerian billionaire Femi Otedola, targets $40 million revenue in Q1 2025 as it builds on robust 2024 performance.
Femi Otedola leads Geregu Power to milestone as Nigeria’s most compliant listed company
Geregu Power, led by Femi Otedola, wins "Most Compliant Listed Company of the Year" award at the NGX Made of Africa Awards.
Family feud over $435-million dividend pits Nigerian oil magnate against his daughters
Indimi’s daughters have taken legal action against their father and his oil company, alleging they were unjustly denied their rightful share of a $435.1 million dividend.
The 10 biggest donations by Femi Otedola: How he is building a legacy of impact
Otedola’s generosity has touched lives nationwide, with substantial donations spanning education, health, security, and economic empowerment.