10 Nigerian entrepreneurs who made a fortune in fashion
From haute couture to sustainable fashion, these luminaries are making global waves.
West & Central Africa
Showcasing Abdul Samad Rabiu’s wide-ranging philanthropy across Africa
Rabiu has become a notable philantrophist across Africa.
Africa’s richest man Aliko Dangote makes $800 million in 10 days
Dangote’s $800-million wealth surge and net worth recovery stand out as the Nigerian naira gains momentum, reclaiming ground on the official market.
Nigerian billionaire Femi Otedola sells 1 million shares in Geregu Power
Femi Otedola executed a cross deal on the Nigerian Exchange via his company, Amperion Power Distribution Company Limited.
Cameroonian entrepreneur Jean Lobe Lobe leads startup to raise $2.5 million
Lobe founded the Cameroonian e-health startup in 2020 with the aim to connect the African health ecosystem and make health services and information available.
Nigerian tycoon Atedo Peterside loses $1.6 million from Stanbic IBTC stake
Peterside is a key figure in the Nigerian banking industry.
Billionaire Theophilus Danjuma donates $1.36-million to Nigerian university
The $1.36-million donation, through the T.Y. Danjuma Foundation, is the largest donation by an individual for the construction of a student hostel in Nigeria.
Nigerian businessman Tony Elumelu and wife acquire 23 million new shares in UBA
The move by Elumelu and his wife is viewed as a vote of confidence in UBA’s financial performance.
7 companies owned by Nigerian gambling magnate Kessington Adebutu
With interests in Premier Lotto, Wema Bank, and beyond, Adebutu’s businesses have solidified his position as a key player in Nigeria’s economic evolution.
Nigerian tycoon Fidelis Ayebae gains $1.1 million from Fidson stake
Ayebae, a banker turned accomplished industrialist, owns a 33.1-percent stake in the pharmaceutical company, which translates to 759,643,749 ordinary shares.
Nigerian president inaugurates billionaire Abdul Samad Rabiu’s $1.2-million innovation center
ASR Africa focuses on delivering enduring impact in health, education, and social development across the African continent.
Energy mogul Eruani Azibapu seals $258-million deal for Nigeria’s newest refinery
Azibapu, speaking at the signing ceremony, expressed his unwavering commitment to Nigeria’s development and the broader African continent.
Nigerian banker Herbert Wigwe gains $4.6 million from Access Bank shares
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a substantial 9.09-percent stake in the leading financial services provider.
Nigerian mogul Wale Tinubu’s Oando secures $800-million deal for strategic oil assets acquisition
This strategic move is set to play a pivotal role in the acquisition of a 20-percent participating interest in the Nigerian Agip Oil Company.
Greek tycoon John Coumantaros rakes in $9.4 million from Flour mills stake
Coumantaros, the chairman of Flour Mills of Nigeria also ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
U.S.-Nigerian telecom tycoon Sam Darwish’s stake in IHS surges above $70 million
Sam Darwish, a leading figure in the global telecom industry, owns a substantial 4.17-percent stake in IHS Holdings