Nigeria’s richest banker Jim Ovia gains $8 million from Zenith Bank shares
This follows a tough 2024 marked by Nigeria's currency devaluation and economic challenges that weakened Ovia's investments.
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Mike Adenuga warns MTN-Airtel deal could harm fair competition in Nigeria
He warned that granting MTN additional spectrum could distort the market, reduce competition, and ultimately raise costs for consumers.
Idrissa Nassa’s Coris Bank secures $7.6 Proparco guarantee to boost trade in Chad
Coris Bank secures $7.6 million guarantee to boost trade in Chad, addressing supply gaps and supporting local industries for long-term economic growth.
Aradel, led by Ladi Jadesimi, completes acquisition of Olo marginal fields
This strategic move strengthens Aradel’s upstream portfolio and advances its multi-field cluster development strategy in the Niger Delta.
Nigerian billionaire Abdul Samad Rabiu to pocket $143 million dividend from BUA Foods
This dividend, which will be paid on September 25, is the lion’s share of the proposed N234 billion ($152.43 million) payout for the year.
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NICO, led by Malawian tycoon Vizenge Kumwenda, announces $6 million dividend
NICO Holdings, led by Malawian tycoon Vizenge Kumwenda, declares a $6 million interim dividend as 2024 profits surge over 130%, reinforcing its market dominance.
Centum, controlled by Kirubi family, cuts stake in Sidian amid cash call
The fresh funds are expected to boost Sidian’s lending capacity and sharpen its competitive edge against established rivals.
Italtile shares plunge: Giovanni Ravazzotti loses $83 million in just 8 weeks
Despite the decline, Ravazzotti remains a key player in South Africa’s retail and manufacturing sector.
The world’s Black female billionaires in 2025
These women are more than financial icons, they are leaders transforming industries, from media and fashion to cosmetics and luxury.
