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Friday, April 3, 2026
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CATEGORY

Wealth

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,...

Africa’s Billionaire Fortunes Hit $126.7bn as Dangote, Rabiu, Otedola Make 2026 Forbes List

The "Billionaire Club" in Africa has reached a historic milestone, with the combined net worth of its 23 members climbing to $126.7 billion—a 21%...

Heirs Holdings Nets ₦14.4bn Dividend From Seplat Stake to Anchor Returns

In a masterclass of "deep value" investing, Tony Elumelu, Chairman of Heirs Holdings, is set to reap a massive ₦14.37 billion ($10 million) dividend...

Rabiu’s Rise: BUA Chairman Fortune Hits $12.3bn as Foods, Cement Units Surge on NGX

BUA Group Founder and Chairman, Abdul Samad Rabiu’s net worth reached a record $12.3 billion, marking a staggering $2.3 billion gain in the first...

The Elumelu Effect: Seplat Stake Surges $222m in 45 Days as Heirs Energies Consolidates Power

The strategic acquisition of a 20.07% stake in Seplat Energy Plc by Heirs Energies—the integrated energy vehicle of billionaire Tony Elumelu—is already yielding massive...

Otedola Doubles Down as Billionaire Chairman Raises First HoldCo Stake to 18%

Femi Otedola, the billionaire Chairman of First HoldCo Plc, has significantly consolidated his control over Nigeria’s oldest financial institution (First Bank of Nigeria), raising...

Single Shareholder Takes ₦10bn Bet on GTCO’s Growth With Private Placement

Guaranty Trust Holding Company Plc (GTCO) has allotted a ₦10 billion private placement to a single, undisclosed institutional investor. Sources tell MoneyCentral the stake...

Otedola Spends ₦14.8 Billion to Boost First HoldCo Stake to 16.98%

The Chairman of First HoldCo Plc, Femi Otedola, has acquired ₦14.8 billion worth of additional shares marking a significant consolidation of power in Nigeria’s...

Six Relatives of Aradel CEO Gbite Falade Acquire Shares Worth N205 Million in Major Insider Buy

Six members of the family of Adegbite Falade, the Managing Director and CEO of Aradel Holdings Plc, purchased 293,600 units of the company’s shares...

Adaora Umeoji Spends N732 Million to Increase Zenith Bank Stake, Signals Bullish Growth Outlook

Zenith Bank CEO/ Group Managing Director Dr. Adaora Umeoji has splashed N732.6 million ($488,000) to purchase eleven million (11 million) new shares of the...

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