Tag: Nigeria

Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
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Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Ladi Jadesimi’s 5.27 percent stake in Aradel has climbed to $295.5 million as shares surge 164 percent in Nigeria’s energy sector rally.

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Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
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NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC accuses Dangote refinery of monopoly claims as dispute over import licences and fuel supply intensifies in Nigeria.

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Nigerian monarch and Islamic traditional ruler Lamido Sanusi, the Emir of Kano.
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Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Nigerian monarch Lamido Sanusi, Emir of Kano, could earn above N500 million in 2026 as MTN Group performance strengthens.

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Nigerian billionaire businessman Tony Elumelu.
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Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

Nigerian billionaire Tony Elumelu joins Seplat Energy board as non-executive director as stake value rises above $1 billion.

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Nigerian billionaire Femi Otedola
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Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

Femi Otedola plans a $100 million stake in Dangote Refinery, reallocating capital from his $750 million Geregu Power exit into Nigeria’s energy sector shift.

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Aliko Dangote, Africa’s richest man and founder of the Dangote Group
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Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Aliko Dangote’s conglomerate begins work on a 10,000-hectare Ogun deep-sea port to expand exports, logistics and industrial capacity in Nigeria.

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Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA Cement shares.

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Oando Plc
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Oando nears $500 million market cap on rising oil revenue outlook

Oando nears $500 million market cap as rising oil-linked earnings and geopolitical tensions lift investor sentiment in Nigeria.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Africa’s richest man, Aliko Dangote, targets $250 billion valuation on $45 billion expansion plan

Aliko Dangote outlines $45 billion expansion plan aimed at scaling his industrial empire toward $250 billion valuation by 2030.

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Nigerian billionaire businessman and philanthropist Tony Elumelu.
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Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Tony Elumelu urges equal partnerships, jobs, electricity, and infrastructure to unlock Africa’s youth potential at Africa Forward Summit.

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Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
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Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

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Nigeria’s state-owned oil company, NNPC.
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Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

Nigeria’s crude oil output climbs to 1.663 million barrels per day in April 2026, edging closer to its OPEC quota as exports and production stability improve.

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