Omokolade Ajayi

776 Articles
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since the beginning of 2026.

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Egyptian billionaire Nassef Sawiris.
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Egyptian billionaire Nassef Sawiris closes London family office after UK exit

Egyptian billionaire Nassef Sawiris winds down London family office after UK exit amid tax reforms and relocation to Abu Dhabi and Italy.

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President Bola Tinubu approves 30% debt relief for Nigerian airlines and orders urgent talks to address rising jet fuel prices and ease pressure on domestic carriers.
Hot NewsBusiness

Nigeria’s President Tinubu moves to ease airline crisis with 30% debt cut, fuel price talks

President Bola Tinubu approves 30% airline debt relief and orders urgent jet fuel pricing talks as Nigeria’s carriers face rising operating costs.

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Nigerian billionaire Abdul Samad Rabiu
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $130 million profit in Q1 2026

BUA Cement reports stronger Q1 2026 earnings, with profit rising to $130 million on higher sales volumes and steady demand.

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Zenith Bank, Nigeria’s most profitable lender.
Hot NewsBusiness

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

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Gold nuggets.
BusinessHot News

Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

Regulators in Ghana direct Newmont, AngloGold Ashanti and Zijin Mining to shift operations to local contractors by December 2026.

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Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

Natie Kirsh’s net worth hits $17.7 billion after a $29.1 billion Jetro deal, overtaking Johann Rupert to rank second in Africa behind Aliko Dangote.

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Paul Deuchar, long-serving head of Investec Investment Management, who oversaw growth of nearly $24 billion in assets under management.
BusinessHot News

Paul Deuchar to step down after building Investec AUM to nearly $24 billion

Investec veteran Paul Deuchar steps down after growing assets to nearly $24 billion, with Ryan Friedman named successor.

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Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

Femi Otedola’s 18.12 percent stake in First HoldCo nears $500 million as shares rally, lifting confidence in First Bank’s parent company.

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Capitec Bank
Hot NewsBusiness

South Africa’s Capitec profit tops $1 billion as customers reach record 26 million

Capitec posts its first annual profit above $1 billion as its clients rise to a record 26 million, driven by lending and digital services.

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Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
BusinessHot News

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Jamil Abubakar becomes Dangote Group infrastructure and logistics chief as Aliko Dangote expands African trade network.

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Outgoing Chief Executive Officer John Lamola
BusinessHot News

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

South African Airways faces scrutiny after John Lamola’s exit as AG flags weak financial controls, revenue leakages and poor reporting standards.

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