Dangote, Africa’s richest man and Nigeria’s wealthiest individual, has seen his fortune plummet by $8.6 billion since Jan. 30.
West & Central Africa
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Elumelu has solidified his position as a titan of African commerce, transforming UBA Group from a domestic bank into a continental powerhouse.
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The move adds to the foundation’s recent efforts to alleviate economic hardships and address critical social issues in Nigeria.
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Nigerian oil magnate Emeka Offor makes new donation following $30-million book distribution
The donation adds to Offor’s extensive philanthropic record.
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The decline follows a brief uptick in April fueled by the Central Bank of Nigeria’s (CBN) efforts to address a backlog of …
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The targeted capital will be sourced through public offerings, private placements, rights issues, and other instruments.
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Founded in 1960 by the late George Coumantaros and now led by his son John Coumantaros, Flour Mills has become a major …
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The announcement coincides with Seplat celebrating its rise from a vision shared by co-founders Ambrosie Bryant Chukwueloka Orjiako and Avuru to a …
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Burkinabe tycoon Idrissa Nassa’s Coris Bank eyes Societe Generale Guinee in pan-African push
Nassa’s Coris Bank International has emerged as a potential buyer for Societe Generale Guinee, the Guinean unit of French multinational Societe Generale.
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This projection comes with the expectation of further scaling up to 100,000 barrels daily by 2029 through new drilling and security improvements.