Lagos-based Greek tycoon John Coumantaros’ stake in Flour Mills nears $100 million
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
The rise builds on earlier gains of $11.12 million between June 7 and Aug. 13, when his stake in Flour Mills rose from $62.13 million to $73.24 million.
This brings his fortune to $1.6 billion, cementing his position as one of Africa’s richest and most influential businessmen.
The move is part of Access Bank’s broader strategy to drive economic growth and enhance intra-African trade within the Southern Africa region.
Nigeria’s state-owned oil company ends exclusive agreement with Dangote’s refinery, opens fuel market to competition.
The ambitious project signifies a pivotal move toward sustainability in Nigeria’s energy landscape.
At the handover ceremony, Danjuma emphasized that the concession marked the beginning of a long and challenging journey towards achieving reliable electricity for the state.
Burkinabe tycoon Mahamadou Bonkoungou strengthens ties with military support.
Nigerian billionaire Aliko Dangote loses $11 billion in 250 days due to naira decline, failed merger, and market sell-off.
Located in the West Cape Three Points Block 2 (WCTP-2), deep offshore Ghana, the Afina-1x well is pivotal to the company’s long-term oil production strategy.
In just two years, Steward's wealth has nearly doubled, up from $6 billion in 2022 to $7.6 billion in 2023, before reaching its current level.
This strategic consolidation is aimed at enhancing the company’s operational capabilities and fostering innovation in Nigeria's expanding pension sector.
South Africa’s Johann Rupert reclaims the title of Africa’s richest individual with a net worth of $14.2 billion, surpassing Nigeria's Aliko Dangote.
This move aims to strengthen the company’s financial base as it continues its aggressive growth trajectory, buoyed by recent stock gains and strong financial performance.
The collaboration with NEXIM is expected to position Fidson for a stronger presence in Africa's rapidly expanding pharmaceutical market.
The $1.3-billion transaction initiated in 2022 had faced delays due to Nigeria’s stringent legal landscape and approval bottlenecks.
This move aims to strengthen the Nigerian economy while aligning with global sustainability goals.