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CATEGORY

Wealth

Billionaire Otedola Targets Over 51% Stake in First HoldCo

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has indicated that he intends to build a controlling stake of more than 51%...

Dangote’s Fortune Nears $51 Billion After Refinery Placement Resets Valuation

Aliko Dangote's fortune is on track to jump by roughly $16 billion, to about $51.2 billion, according to MoneyCentral's estimates that applied the pricing...

Femi Otedola’s Calvados Global Services Executes ₦77.6 Billion Block Trade in FirstHoldCo

In one of the largest single insider equity purchases in the history of the Nigerian Exchange Limited (NGX), Calvados Global Services Limited—an investment vehicle...

Aradel General Counsel Omisore Dumps 5 Million Shares for ₦6.38 Billion After Stock Peak

In one of the largest single-day insider equity liquidations recorded on the Nigerian Exchange (NGX) this quarter, the long-serving Company Secretary and Group General...

Nigeria Faces Multi-Trillion Naira Wealth Cliff as Family Empires Confront Generational Handover

Nigeria has proven highly effective at generating first-generation private fortunes, but is systematically failing to preserve them, threatening to erase trillions of naira in...

Otedola Acquires 680 Million First Holdco Shares at N44.06 in Private Placement, Boosting Stake to 20.42%

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has acquired approximately 680 million shares in the company through its recently concluded private...

Premium Pensions Profit Jumps 73% to ₦6.1 Billion on Fee Growth

Premium Pensions Ltd., the country’s fourth-largest pension fund administrator, posted a 73% rise in full-year 2025 profit after tax to ₦6.14 billion, driven by...

BUA Chairman Rabiu Becomes Africa’s Second Richest Person with $19.1bn Net Worth

Abdul Samad Rabiu, the Chairman of BUA Group, has officially ascended to the position of Africa’s second-wealthiest individual as of May 7, 2026. According to...

Seplat’s 96% Dividend Hike Hands Elumelu $10.8M Q1 Payout as Stake Doubles to $1 Billion

Tony Elumelu and Heirs Holdings stand to pocket $10.83 million in first-quarter (Q1) dividends from Seplat Energy Plc, riding a share-price rally that doubled...

Sustainable Capital Trims Seplat Energy Stake to 6.18%

Sustainable Capital Ltd, a Mauritius-based investment firm, has substantially reduced its exposure to Seplat Energy PLC. According to a regulatory filing on April 3,...

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