Nigerian billionaire Abdul Samad Rabiu rockets to prominence on Bloomberg’s billionaires’ list
Rabiu joins Bloomberg’s billionaires’ list, showcasing Africa’s rising business leaders.
Nigerian billionaire
South African billionaire reclaims position as Africa’s third-richest man, overtaking Abdul Samad Rabiu
Oppenheimer has once again secured his position as Africa’s third-richest individual.
Aliko Dangote unveils $20.5-billion mega-refinery, fuel production set to begin in June
Dangote has unveiled his $20.5-billion mega-refinery, propelling Nigeria’s oil industry and economy to new heights.
Africa’s richest man Aliko Dangote’s fortune surges by $1.81 billion in 2023
Dangote’s fortune surges by $1.81 billion in 2023, fueled by Dangote Cement’s remarkable performance.
Nigerian banking legend Subomi Balogun dies at 89
Balogun founded First City Merchant Bank, a company that later became FCMB Group, a large financial conglomerate in Nigeria.
Nigerian billionaire Mike Adenuga strikes gold as Conoil stake skyrockets by $24 million
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
Nigerian billionaire Kola Karim, Mota Engil win Abuja airport concession
Karim is a part owner of Mota Engil Nigeria, which is a joint venture between his Shoreline Group and Mota Engil.
Aliko Dangote’s cement company pays over $80 million in income taxes in Q1 2023
The Dangote-led cement behemoth sold 6.27 million metric tonnes of cement in Q1 2023.
Abdul Samad Rabiu becomes Africa’s third-richest man, ousting Nicky Oppenheimer
Rabiu’s net worth has surged to $8.6 billion, surpassing South African billionaire Nicky Oppenheimer.
Theophilus Yakubu Danjuma donates 500-capacity hostel to Nigerian university
Danjuma is the founder of South Atlantic Petroleum, an oil and gas exploration and production company.
Aliko Dangote’s cement company records $237.8 million profit in Q1 2023
Aliko Dangote’s cement company, Dangote Cement is Africa’s largest cement manufacturer with a production capacity of 51.55 million tonnes
Abdul Samad Rabiu’s BUA Cement firm posts lower earnings; profits slump below $60 million
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.
Aliko Dangote’s salt-processing firm delivers record profits in Q1 2023
Dangote’s stake in his salt-processing company, NASCON Allied Industries is presently worth $47.4 million.
Transcorp’s top shareholder title within reach for Femi Otedola
Nigerian billionaire Femi Otedola is the third-richest investor on the Nigerian Exchange.
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
Aliko Dangote hits $20-billion net worth, joining elite ranks of world’s billionaires
The surge in Dangote’s net worth makes him the 82nd richest man in the world.