Billionaires
Billionaire Femi Otedola rejoins Dangote, Rabiu on Forbes list after 6 years
Nigerian business tycoon Femi Otedola has rejoined the Forbes billionaires list in the first quarter, following a six-year hiatus, according to reports.
New cement price emerges as BUA announces decline in profit amid foreign exchange loss
After announcing a slash in its cement price, BUA Cement has said its profit slumped in 2023 due to naira devaluation. It declared a pre-tax profit of N69.96bn.
Dangote begins distribution of N5bn rice palliative to Nigerians, Lagos, 1 other state get big share
Aliko Dangote, the Chairman of the Dangote Group, has commenced the distribution of one million bags of rice nationwide to ease sufferings of Nigerians
Dangote makes more money than top 3 richest men in the world combined in one day
The richest man in Nigeria, Aliko Dangote, continues to grow his wealth every day despite the impact of the naira depreciation on his dollar wealth in recent weeks.
Dangote gets new position as net worth hits new high after earning N39.4 billion overnight
Aliko Dangote's net worth reached a new high in two months after earning $263 million overnight due to the excellent performance of Dangote Cement shares.
Billionaire Tony Elumelu launches new firm as power company hits N2.8trn market cap in 6 days
Heirs Holdings, an African investment corporation, has established a new branch called Heirs Technologies under the leadership of Nigerian tycoon Tony Elumelu.
Despite earning $50.9 million in 24 hours, Dangote loses $8.7 billion to naira’s crash against USD
Aliko Dangote, Nigeria's and Africa's wealthiest man, has lost significant wealth as the Nigerian currency depreciated against the US dollar and other currencies.
Analysts, others forecast high yield Commend Trancorp shares as firm lifts NGX in one week
Analysts and stockbrokers across Nigerian have spoken highly of the potential of Transcorp shares after its subsidiary, Transcorp crossed the N2 trillion market cap.
Tony Elumelu's Heirs Energies extends gas supply to 188MW Geometric Power as Abia enjoys steady power
Heirs Energies, which provides gas to the Nigerian national grid and other plants has commenced supply to the much celebrated Geometric Power Plant in Aba.
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