Billionaires
Bill Gates’s firm to build $1bn data centre in another African country after closing Nigerian office
Microsoft and G42 are set to open a $1 billion geothermal data centre in Kenya weeks after closing Nigerian centre and rendering 200 people jobless
Dangote gains new position among world’s top billionaires in manufacturing
Nigeria and Africa's richest man, Aliko Dangote, has been ranked number six among the world's richest billionaires in the manufacturing industry.
Dangote loses $2.6 billion as naira emerges as world’s worst-performing currency
The reversed fortune of the naira has caused Dangote's net worth to plummet by $2.6 billion in one month after rising to $17.7 billion in April this year.
“This is bad”: Elon Musk’s Neuralink implant malfunctions in patient’s brain
Elon Musk's Neuralink, the neurotechnology firm, has reported that its brain implant malfunctioned in one of its patients weeks after the company carried out surgery
Full list: Dangote gains, Rabiu loses as new ranking shows top 10 African billionaires in 2024
Significant events in 2024 in several African countries warped the macroeconomy and affected the wealth of billionaires through factors like inflation and others.
Food company owned by Nigerian billionaire declares profit as rice, pasta, others sell for new prices
Sales at BUA Foods Plc, a well-known food firm mostly owned by Nigeria's third-richest man, Abdul Samad Rabiu, rose by 147.3% in the first quarter of 2024.
New set of billionaires to join Dangote, Alakija, others as FG begins 2024 oil block bid round
The NUPRC has disclosed the seven deep offshore blocks from the previous round as well as the 12 oil blocks that would be put up for bid in the 2024 round.
Nigerian billionaire Abdul Samad Rabiu kicks off N250 million project
The Abdul Samad Rabiu Africa, an initiative by Abdul Samad Rabiu, Chairman of BUA Group is constructing a N250 million sports complex for the University of Jos.
FG gives new instructions to oil companies on crude supply to Dangote Refinery, others
The federal government, through the Nigeria Upstream Petroleum Regulatory Commission, has enforced new regulations requiring oil producers to sell their crude oil.
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