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Abdul Samad Rabiu’s Net Worth Rises to $7.9 Billion

Abdul Samad Rabiu’s fortune climbs to $7.9 billion, lifted by the naira’s rebound and strong BUA Group performance.
Business

Afriland First Bank Wins Approval to Expand Across Central Africa

Afriland First Bank secures Cobac approval to expand into Congo, Chad, and the CAR, reinforcing its regional leadership and growth strategy.
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Tetracore Appoints Dayo Williams as MD to Boost Nigeria’s Gas and Clean Energy

Tetracore Energy Group has named Dayo Williams as Managing Director of its subsidiaries, strengthening the company's emphasis on domestic gas utilisation, the expansion of renewable energy, and regional energy transition, in alignment with Nigeria's industrialisation and energy security objectives
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TY Danjuma’s Family Office Narrows 2024 Loss

TY Danjuma’s family office narrowed its 2024 loss, keeping $114 million in assets while maintaining a cautious investment strategy.
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Sahara Group Targets 350,000-Barrel Output With New Oil Rigs

Sahara Group boosts oil production plans with new rigs, targeting 350,000 barrels daily under Tope Shonubi’s push for energy growth in Africa.
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Payaza Repays $13.9 Million Commercial Paper

Payaza completes $13.9 million repayment under its commercial paper plan, reinforcing investor trust and showing Nigeria’s fintech market maturity.
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Roosevelt Ogbonna Buys $20 Million London Mansion

Roosevelt Ogbonna buys a $20 million Hampstead mansion, highlighting his growing global footprint beyond Access Bank’s expansion strategy.
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Nigeria to Tax Remote Workers, Influencers in 2026

Nigeria will tax income from remote workers, influencers, and imports starting January 2026 under sweeping new reforms, according to the presidential tax committee
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Otedola Denies Subsidy Fraud Links, Calls Allegations Baseless

Femi Otedola dismisses claims linking him to Nigeria’s fuel subsidy fraud, insisting Zenon Petroleum only traded diesel and that he helped expose the scheme.
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Oskar Ibru, Eldest Son of Ibru Dynasty Founder, Dies at 68

Oskar Ibru, chairman of the Ibru Organization, has died, leaving behind a legacy that shaped Nigeria’s economy across shipping, oil, and agriculture.
Business

Gabon’s Samuel Dossou-Aworet Deepens Bet on Nigeria’s Aradel

Oil mogul Samuel Dossou-Aworet has lifted his stake in Aradel Holdings to nearly 14%, reinforcing his $500 million Nigerian energy portfolio.
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Nigerian Business Leader Oskar Ibru Dies at 67

Nigerian businessman Oskar Ibru, eldest son of late tycoon Michael Ibru and chairman of the Ibru Organization, has died at 67.
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