Billionaires

Aliko Dangote, the Nigerian industrialist long ranked as Africa’s richest person, has added billions to his net worth in 2026, with his fortune approaching an estimated $40 billion according to the Bloomberg Billionaires Index. This latest surge reflects his strategic investments across diversified industries, especially energy infrastructure and manufacturing, and…

Nigeria’s non-oil exports rose to N3.19 trillion in the first quarter of 2026, marking a steady step toward a more diversified export economy. Data from the National Bureau of Statistics (NBS) show this figure is up from N3.15 trillion in the previous quarter and N3.17 trillion in Q1 2025, reflecting…

On June 3, 2026, in London, Heirs Energies Limited was awarded the Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards. The recognition highlighted the company’s $750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility executed with Afreximbank. This award celebrates the most impactful…

The Federal Government has approved the payment of more than N700 billion owed to contractors, providing a major boost to businesses that have faced years of delayed payments for completed projects. The approval covers 1,240 contractors across various sectors and represents one of the largest debt-settlement exercises undertaken by the…

Mo Ibrahim’s public endorsement of the Dangote Petroleum Refinery was more than praise for Aliko Dangote. It was a strong statement about what Africa can achieve when its biggest business leaders invest at home. Ibrahim, the Sudanese-British billionaire and founder of the Mo Ibrahim Foundation, has spent years speaking about…