Tag: Nigeria

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.

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

Terra Industries, Nigeria’s defense tech startup, is building Africa’s largest drone factory in Accra, Ghana after raising $34 million.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBusiness

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across Africa.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, president of Dangote Group
Hot NewsBillionairesBusiness

Africa’s richest man, Aliko Dangote, to pocket $490 million from Dangote Cement

Aliko Dangote set to receive $490 million dividend from Dangote Cement as profits top N1 trillion and expansion accelerates.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Africa’s 6,900-km Nigeria-Morocco gas pipeline nears agreement, boosting supply, power growth and exports to Europe.

Omokolade Ajayi Omokolade Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje to pocket N490 million from GTCO

Segun Agbaje to receive N490 million from GTCO dividends as the bank maintains payouts despite lower 2025 profit and earnings pressure.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BusinessBillionairesHot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

Nigerian billionaire Tony Elumelu’s Seplat stake surpasses $800 million as oil rally and earnings lift shares.

Omokolade Ajayi Omokolade Ajayi
MTN service center in South Africa.
BusinessHot News

Why African conglomerates are spinning off units to unlock value

African conglomerates are spinning off units to unlock value, reduce conglomerate discounts, and attract deeper global capital markets.

Timilehin Adejumobi Timilehin Adejumobi