Nigerian banker Ladi Balogun-led FCMB Group completes initial phase of capital raise
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.
Custodian Investment expects a 119.74-percent profit increase in Q4 2024, with after-tax profit projected to reach N30.98 billion ($18 million).
FBN Holdings, led by Femi Otedola, is selling its 100-percent stake in FBNQuest Merchant Bank to streamline operations and focus on core banking.
According to Bloomberg, Johann Rupert edges Aliko Dangote by $100 million, with a net worth of $13.4 billion vs. Dangote's $13.3 billion.
Aradel Holdings has surged past the $1 billion valuation mark, with its market capitalization exceeding $1.2 billion
Adebayo Ogunlesi joins Africa’s billionaire ranks, propelled by a $12.5-billion BlackRock deal.
A U.S. federal court has ordered Mmobuosi to pay over $250 million in fines and barred him from serving as a director of any public company.
The $20 billion refinery recently completed a critical test run of its 650,000 barrels-per-day capacity, a significant step towards the official market rollout.
Dossou-Aworet leads Petrolin Group, a powerhouse in Africa's oil and gas sector, where he has brokered landmark deals and investments since 1992.
The acquisition was executed through their respective companies, Tak Agro and TY Holdings.
Zenith Bank's half-year profit surges 98%, bolstered by robust interest income and trading income growth
The acquisition marks a significant expansion for the integrated energy group.