Tag: Nigeria

Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

BUA Foods, controlled by billionaire Abdul Samad Rabiu, posts a $215 million first-half profit and announces plans for new noodle and edible oil lines.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil billionaire Muhammadu Indimi
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Nigerian oil billionaire Muhammadu Indimi joins $43.5 million court battle with daughters

Nigerian oil billionaire Muhammadu Indimi seeks to join a $43.51 million appeal over Oriental Energy dividends in a case testing shareholder rights.

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Worker operating at Seplat Energy's Oben OML 4
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Seplat nears $5 billion market cap in London after first-half profit jumps to $164 million

Seplat Energy nears a $5 billion market cap in London as H1 2026 net profit surges 498 percent to $164 million on strong production growth.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s Aradel posts $1.8 billion revenue as first-half production surges 523%

Aradel Holdings posts $1.8 billion revenue as first-half production surges 523 percent, lifting operating profit to $767.5 million.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

Abdul Samad Rabiu’s BUA Foods surged to a $215 million half-year profit in 2026, driven by aggressive cost cuts despite falling revenues.

Omokolade Ajayi Omokolade Ajayi
Sterling Financial Holdings Company Plc
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Nigeria’s Sterling Holdco sees H1 profit surge to $37 million on strong lending

Sterling Holdco's first-half profit rose to $37 million as lending growth, deposits and assets strengthened earnings.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
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Africa’s richest man Aliko Dangote’s Dangote Cement posts $470 million half-year profit as African exports jump

Dangote Cement reports a $470 million half-year profit driven by a 62 percent surge in African exports and stronger regional sales.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Owen Omogiafo
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Nigerian executive Owen Omogiafo buys 1.9 million shares of Transcorp Group

Transcorp CEO Owen Omogiafo bought 1.9 million shares, increasing her stake as the group expands its assets and earnings.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

Aliko Dangote-backed Nascon posts $14.4 million half-year profit as stronger margins and lower finance costs lift earnings.

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Catherine Nwosu
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Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

With H1 2026 gross earnings up 27 percent to $3.1 million, Africa Prudential reinforces its shift toward recurring digital business solutions.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
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Peter Ashade-led United Capital grows half-year profit to $15.5 million, declares interim dividend

United Capital's half-year profit rose to $15.5 million as the firm declared an interim dividend after stronger earnings.

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Dr. Awele Vivien Elumelu.
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Dr. Awele Elumelu leads Transcorp Hotels to N10.5 billion first-half profit

Transcorp Hotels reports N10.5 billion first-half profit under Dr. Awele Elumelu, driven by disciplined cost control and efficiency.

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