Companies owned by U.S.-Barbadian musician and cosmetics billionaire, Rihanna
Billionaires.Africa sheds light on Rihanna’s expansive portfolio, unveiling a glimpse into the various companies and holdings she commands.
West & Central Africa
Davido donates $200,000 to orphanages throughout Africa’s largest economy
This builds upon previous philanthropic endeavors, including a N250 million ($166 million) donation to 292 orphanages in November 2021 to commemorate his 29th birthday.
U.S.-Nigerian telecom tycoon Sam Darwish gains $7.5 million in 14 days
Darwish, the chairman and CEO of IHS, stands among the prominent figures in the African telecom sector, boasting a 4.17-percent stake in IHS Holding.
Nigeria’s second-richest man declares 50-percent salary increase across his group
This highlights Rabiu’s dedication to supporting his entire workforce during tough economic times, acknowledging the challenges faced by his employees.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods invests $200 million in sugar estate
The conglomerate is majority-owned by Nigeria’s second-richest man, Abdul Samad Rabiu, and his son, Isyaku Naziru Rabiu.
Nigerian billionaire Femi Otedola’s net worth rises by $300 million despite naira devaluation
The upswing in Otedola’s net worth is attributed to the remarkable performance of his 78.64-percent stake in Geregu Power Plc.
Companies owned by Nigerian multimillionaire businessman Tony Elumelu
Beyond his ventures, Elumelu champions entrepreneurship. The Tony Elumelu Foundation empowers African entrepreneurs through seed capital, training, and mentorship.
Food business of Nigeria’s second-richest man faces uncertainty amid FX rate volatility
BUA Foods Managing Director Ayodele Abioye unveils BUA Foods’ struggle with FX rate instability.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses N2-trillion milestone
Geregu Power’s exceptional financial performance has solidified its position as one of Nigeria’s most profitable entities.
Mega refinery owned by Africa’s richest man set to export two cargoes of fuel oil
Trafigura Group, a multinational commodity trading company headquartered in Singapore, has been awarded the contract for the inaugural shipment.
Access appoints acting CEO 24 hours after confirming Herbert Wigwe’s passing
The announcement, made by the board of directors 24 hours after confirming Wigwe’s demise, is contingent upon the approval of the Central Bank of Nigeria.
U.S.-Nigerian mogul Sam Darwish’s IHS and Airtel forge partnership to boost infrastructure
Under the groundbreaking move, Airtel Nigeria has committed to securing 3,950 tenancies over the next five years.
Companies and ventures linked to the late Nigerian banker Herbert Wigwe
From transforming Access Bank into Access Holdings to visionary ventures like Tengen Holdings, HOW Foundation, and the upcoming Wigwe University.
Nigerian billionaire Femi Otedola to pocket $17.6 million from Geregu Power in March
The dividend solidifies Otedola’s position among Nigeria’s top dividend earners and adds another financial milestone to his already impressive portfolio.
Billionaire Benedict Peters’ Aiteo partners with Atlantic Council to elevate Africa’s critical mineral influence
The groundbreaking collaboration sets the stage for a three-year program aimed at harnessing Africa’s substantial reserves of critical minerals.
Companies owned by Nigerian insurance tycoon Wole Oshin
Oshin is not only the largest shareholder in the Lagos-based investment group but also ranks among Nigeria’s wealthiest investors.