Folorunsho Alakija News

The Mercedes Maybach is one of the auto brands popular amongst Nigeria's top one percent

In Lagos, Nigeria, the 1% takes stock

Guests sashayed through the tent doors into a scene of surreal opulence. At the far end of the tent, engulfed by servants, courtiers, national politicians and guards with wires in their ears, the celebrant perched beside his wife on a throne covered with white faux fur, his every move broadcast on flat-screens arrayed around the tent walls.

Africa's Richest 2014 Visualization

Africa's Richest 2014 (Visualization)

Visualization of Africa’s Richest 55. Data courtesy of Ventures Africa. Sort and filter by Net Worth (US $). Filter by Number of Jobs Created, Country of Citizenship, Industry, Age, and Gender.

Twins Kessie and Eku Edewor

The Nigerians have arrived ... and London is paying attention

Richard Vedelago is 29 years old and worth more millions than he’s prepared to tell. ‘Money talks, but wealth whispers,’ he says with a smile, sitting back in the bar at Claridge’s – his idea – and lazily sipping an elderflower juice.

Folorunsho Alakija of Nigeria is the richest black woman in the world, ahead of Oprah Winfrey, with a personal fortune of $7.3bn from oil and gas. Photograph: Bennett Raglin/Getty Images

Nigerian billionaires dominate African rich list with £49B ($78B) between them

Nigeria has more billionaires than any other country in Africa, including the continent’s wealthiest man and the world’s richest black woman, according to a ranking published this week.

Tony Elumelu, Chairman of Heirs Holdings, Chairman of Transcorp, and Chairman of UBA Group

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

Aliko Dangote, Chairman, Dangote Group

Nigeria's Aliko Dangote and Mike Adenuga top Venture Africa's list of Africa's richest

Ventures Africa just released its 2014 list of the richest individuals in Africa. The usual suspect, Nigeria‘s Aliko Dangote, tops the list with a net worth of $25.7B.

Civic Center Tower, Lagos, Nigeria

Lagos, Nigeria will witness a blitz of high-rise building completions within the next few years

The development pipeline for prime grade property in Lagos has been growing at an unrelenting pace recently.

Joyce Banda, President of Malawi

According to Forbes, the 2 most powerful women in Africa are Joyce Banda and Ngozi Okonjo-Iweala

4 African women made Forbes’ The World’s 100 Most Powerful Women List.