Billionaires
Tony Elumelu becomes dollar billionaire as Seplat stake soars past $1 billion
Tony Elumelu's stake in Seplat Energy has soared past $1bn, doubling in eight months, following the acquisition of Mobil that boosted production and financial gains.
Femi Otedola’s net worth surges near $2 billion after First Holdco’s share purchase
Nigerian billionaire Femi Otedola's fortune surges to $1.8bn, driven by his stake in First HoldCo, as profits hit $303 million, solidifying his investment success.
Nigerian company warns Nigerians against fake investment scheme
May & Baker has warned Nigerians against a fake investment scheme using its name, promising guaranteed returns and soliciting funds through online platforms.
8,100 dollar millionaires now in Nigeria: List of 10 ways they built their wealth
Nigeria’s dollar millionaire population has risen to 8,100, with financial services, real estate, telecoms, technology, entertainment and investments.
Dangote plans to build another refinery, seeks state protection
Dangote plans a $16 billion refinery in Kenya, seeking government protection from cheap fuel imports as he targets regional markets across Africa.
Another billionaire set to complete $1 billion refinery in Nigeria
Billionaire Azibapu Eruani’s $1 billion Azikel Refinery in Bayelsa nears completion, with plans to process 25,000 barrels daily and produce petrol, aviation fuel.
Jeff Bezos closes in on 30% stake acquisition in top Premiership club, Dangote drops Arsenal bid
A consortium led by Jeff Bezos nears a deal for a 30% stake in Liverpool FC, potentially valuing the club at $6bn and reshaping its future in football.
Otedola becomes Africa’s fastest-growing billionaire as net worth hits new high, Dangote moves up
Femi Otedola's net worth soared by $600 million in five months, driven by First HoldCo's 200% surge, as Africa’s billionaire wealth climbs to $132 billion in 2026.
Jerry Eze reacts as Nigerian company appoints him on its board
Heirs Life Assurance has appointed Pastor Jerry Eze to its board as an Independent Non-Executive Director to deepen insurance adoption and financial inclusion.
Billionaires
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