Abdul Samad Rabiu signs deal to boost Nigeria's food security
Abdul Samad Rabiu's BUA Group has partnered with Turkish firm Agrimac Makina Limited to install wheat handling equipment with a 2 million metric tonne annual capacity.
West & Central Africa
Fidson stake held by Nigerian tycoon Fidelis Ayebae tops $10 million
Since the start of the year, his stake has risen by N4.94 billion ($3.08 million), thanks to a steady rally in Fidson’s share price.
Aig-Imoukhuede leads Access Holdings to $113 million profit in Q1 2025
The group's diverse structure has found fresh momentum under the leadership of Aig-Imoukhuede, who returned to the helm after the passing of Herbert Wigwe.
Aliko Dangote's sugar empire posts $133 million revenue in Q1 2025
The strong performance expands its lead as Nigeria’s top food conglomerate.
Karl Toriola-led MTN Nigeria posts $658 million revenue in Q1 2025
The surge in revenue was fueled by robust demand across voice, data, fintech, and digital services, with particularly strong performance in its data and voice segments.
Before the billions, Aliko Dangote was Nigeria’s rising trading magnate
Before Aliko Dangote became Africa’s richest man, he quietly built a trading empire in Nigeria, mastering supply chains and laying his industrial legacy.
Zenith Bank pays Jim Ovia $12.7 million in dividends
Jim Ovia takes home $12.7 million in dividends as Zenith Bank delivers record profits and boosts shareholder payouts.
Nigeria’s central bank fines Paystack, co-founded by Shola Akinlade
CBN fines Paystack N250 million ($0.19 million) for allegedly running a wallet service via its Zap app, breaching its switching and processing license.
15 companies owned by Nigerian tycoon Emeka Offor
Emeka Offor's empire spans key sectors like oil, gas, power, logistics, and media, driving Nigeria’s economic development and creating lasting industry impact.
Jim Ovia’s stake in Zenith Bank rebounds above $150 million
Recent stock gains have boosted Ovia’s stake by $12 million, raising its value from $139.59 million to $151.48 million.
Africa’s richest man Aliko Dangote’s jet could fetch up to $78 million
The 2020 Bombardier Global 7500 stands as the epitome of modern business aviation, known for its outstanding range, sleek design, and unrivaled comfort.
Nigerian businesswoman arrested over alleged $150 million fraud
Her lawyer, Chikaosolu Ojukwu, confirmed the arrest, stating Aisha Achimugu voluntarily returned from London and was detained by EFCC operatives at 5 a.m.
Africa’s richest man Aliko Dangote lists another private jet for sale
Aliko Dangote is selling his 2020 Bombardier Global 7500, a high-end private jet with 1,527 flight hours and 487 landings.
Burkina Faso's richest man to complete $370 million Gabon airport before 2030
This latest disclosure comes just weeks after President Brice Clotaire Oligui Nguema broke ground on the project in March 2024.
Seplat, co-founded by Austin Avuru, posts $809 million revenue in Q1 2025
Seplat Energy posts $809.3 million Q1 revenue, up 350%, driven by higher crude and gas production.
Arthur Eze to pay $10 million to regain oil blocks in Equatorial Guinea
Authorities there are demanding a $10 million bonus from him if he wants a chance to recover his oil blocks in the small but oil-rich nation on Africa’s west coast.