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Nigerian billionaires, other owners of private jets sue government over $67.5million tax

Seventeen private jet owners, including Nigerian billionaires, leading commercial banks, and other ultra-high net worth individuals have sued the Nigerian government over import duties totaling more than N30 billion ($67.5 million). The legal action, which is part of efforts to prevent the government from grounding their planes, comes after the …

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The four African billionaires whose net worth have increased since start of 2022

Only four of the 21 African businessmen on our radar with a net worth of $1 billion or more have seen their fortunes improve since the beginning of the year. Among them are Africa’s richest man Aliko Dangote and Egypt’s wealthiest man Nassef Sawiris. The recent surge in the shares …

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Before Aliko Dangote, these powerful Black billionaires ruled the world

Nigeria’s Aliko Dangote is the world’s number one Black billionaire today and there is a rich history to back the long line of rich people he hailed from. But, not all billionaires known of are from the 21st century. In fact, since the 14th century, some very hardworking and daring …

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