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Abdulsamad Rabiu

BUA Group Founder Abdulsamad Rabiu Donates $500,000 To Covid-19 Efforts In Lagos

Nigerian tycoon Abdulsamad Rabiu has donated the Naira equivalent of $500,000 and five ambulances to the Lagos State COVID-19. The Nigerian billionaire, who is the chairman of BUA Group, made the donation through  BUA Foundation, the corporate philanthropic organization he chairs. The Group Chief Operating Officer, BUA Group, Chimaobi Madukwe, while presenting the COVID-19 response …

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Femi Otedola

Nigerian Billionaire Femi Otedola Donates $3 Million To Fight Covid-19

Nigerian billionaire Femi Otedola, the chairman of Geregu Power PLC, has pledged $3 million to the fight against the Covid-19 pandemic in the country. Otedola made this known on Friday via his Twitter handle. “I will be contributing 1 Billion Naira towards the eradication of COVID-19 aross Nigeria. We must all do what we can …

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Abdulsamad Rabiu

Nigerian Billionaire Abdulsamad Rabiu Donates $3 Million To Support Covid-19 Response

Nigerian billionaire Abdulsamad Rabiu has donated $3 million to strengthen national response to COVID-19 in Nigeria. According to a press release issued by BUA Group, the Nigerian conglomerate Rabiu chairs, the billionaire has also placed an order for an additional donation of equipment and medical supplies including testing kits and medical protective gear to 9 …

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Abdulsamad Rabiu

Nigerian Billionaire Abdulsamad Rabiu Acquires Construction Firm

Nigerian billionaire Abdulsamad Rabiu has acquired a controlling interest in P.W. Nigeria Limited – one of Nigeria’s largest construction, engineering and mining companies. According to a press release issued by BUA, this was necessary to further deepen its investments in the infrastructure business in sub-Saharan Africa. Speaking on the acquisition, Abdul Samad Rabiu, Executive Chairman …

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Patrice Motsepe

Patrice Motsepe’s Holding Company To Acquire Controlling Stake In Alexander Forbes

South African billionaire Patrice Motsepe is about to become the new majority shareholder at Alexander Forbes, with plans to buy over R1bn of the pension fund administrator’s shares. The billionaire’s investment holding company, African Rainbow Capital (ARC), will increase its shareholding in Alexander Forbes to 33.9% after Mercer Africa pulls out, the firm said in …

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Isabel dos Santos

Angolan Billionaire Isabel dos Santos Might Run For President In 2022

Angolan billionaire Isabel dos Santos, daughter of Angola’s ex-president, has said she would consider running for president in the next election in 2022. Dos Santos has been targeted in an anti-graft campaign led by her father’s successor President Joao Lourenco, who has vowed to fight corruption and rebuild the economy of sub-Saharan Africa’s second-biggest oil …

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Isabel dos Santos

Angolan Billionaire Isabel dos Santos Under Investigation By Portuguese Authorities

Angolan billionaire Isabel dos Santos is under investigation by Portuguese authorities, according to a report by France24. The authorities are investigating embezzlement claims against Isabel dos Santos. The investigation comes after judicial authorities confirmed receipt of a complaint from Ana Gomes, a former Socialist lawmaker in the European parliament against Dos Santos. Financial daily Jornal …

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Abdulsamad Rabiu

Nigerian Billionaire Abdulsamad Rabiu Now Worth $4 Billion After Cement Company Merger

Nigerian cement and sugar tycoon Abdulsamad Rabiu is now worth at least $4 billion after merging Cement Company of Nigeria (CCNN), where he was the controlling shareholder, with the Obu Cement company. Following the delisting of 13,143,500,966 ordinary shares of CCNN from the daily official list of the NSE, BUA now has 33,864,354,060 ordinary shares …

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Kevin Okyere

Ghanaian Billionaire Kevin Okyere Denies Cooking Up Oil Discovery Figures

Ghanaian billionaire Kevin Okyere, the founder of Springfield Exploration and Production Limited, has denied cooking up figures of its recent oil find (1.5 billion barrels) to shore up the company’s value. Refuting the claim made by some sceptical oil and gas analysts, SEP’s CEO, Mr Kevin Okyere, in an audio statement copied to ClassFMonline.com, said: …

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