1+ day, 10+ hour ago   (769+ words) Bamanga Tukur ran the Nigerian Ports Authority from 1975 to 1982 and registered a shipping agency while in office. He died on Saturday at 90. Bamanga Tukur died on Saturday at the age of 90, three days short of his 91st birthday. His son Awwal…...

3+ day, 10+ hour ago   (670+ words) Billionaire Alex Beard, the former head of oil at Glencore, has pleaded not guilty to UK bribery charges linked to alleged corrupt payments involving officials in Nigeria and Cameroon. British billionaire Alex Beard, the former head of oil at commodities…...

3+ day, 18+ hour ago   (907+ words) A Lagos court has extended an order barring Nigeria's petroleum regulator from Dangote's refinery, four days before its share offer opens. A Federal High Court in Lagos has extended an order barring Nigeria's petroleum regulator from entering, sealing or otherwise…...

4+ day, 7+ hour ago   (333+ words) In one of Africa's smallest economies, Muhammed Jah turned $16,000 — a student stipend and an uncle's loan — into The Gambia's largest conglomerate: its first internet provider, first 3G network, a bank and its first data centre. A national champion built from almost…...

4+ day, 10+ hour ago   (496+ words) A new prospectus shows Aliko Dangote holds 87.27% of his oil refinery, putting the fortune of Africa's richest man at $54 billion. Aliko Dangote, Africa's richest man, is worth about $54 billion on the value of his shareholdings, after a prospectus published this…...

5+ day, 8+ hour ago   (608+ words) An investigation says FAMFA Oil kept three Bombardier jets worth close to $200 million in Nigeria for over a decade on faulty import papers. FAMFA Oil, the company that made Folorunsho Alakija Africa's richest woman, faces a federal demand for 8.85 billion…...

5+ day, 18+ hour ago   (1214+ words) TY Danjuma's British family office returned to profit with £308,000 and closed the hotel Bloomberg used to illustrate his $1.2 billion fortune. TY Danjuma's British family office made a profit of £308,000 in the year to June 30, 2025, recovering from a loss of £1.85 million,…...

6+ day, 10+ hour ago   (1000+ words) Samuel Dossou-Aworet, Fola Adeola and Ladi Jadesimi hold Aradel stakes worth $556 million, $250 million and $239 million between them. Five individuals hold 24.25 percent of Aradel Holdings between them, a position worth about $1.1 billion at the current share price. Aradel closed at 1,450 naira,…...

6+ day, 11+ hour ago   (565+ words) Dangote Petroleum Refinery reported $1.82 billion of net income and $2.60 billion of EBITDA in the first half of 2026, ahead of its IPO. Aliko Dangote's refinery generated $2.60 billion of earnings before interest, tax, depreciation and amortisation in the first half of 2026, almost…...

6+ day, 15+ hour ago   (684+ words) Aliko Dangote signed IPO documents in Lagos on Monday. The offer runs Sept. 14 to Oct. 13, selling 4.1 billion shares at N525 each. Aliko Dangote signed the offering documents for his refinery's initial public offering at the Eko Hotel in Lagos on Monday,…...