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The Inside Story: The Long Game — How Femi Otedola Rotated From Oil to Power to Banking and Took the Chair of Nigeria’s Oldest Bank



The Inside Story: The Long Game — How Femi Otedola Rotated From Oil to Power to Banking and Took the Chair of Nigeria’s Oldest Bank

































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Femi Otedola sold his oil business near its peak, built a power company worth more than ten times its listing value, then sold that too and put the money into Nigeria’s oldest bank. Five years later he is its chairman and largest owner. The strategy behind his $815 million quarter.

The Inside Story: The Long Game — How Femi Otedola Rotated From Oil to Power to Banking and Took the Chair of Nigeria's Oldest Bank

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African Wealth Briefing — Thurs., Oct. 1, 2026

African Wealth Briefing — Thurs., Oct. 1, 2026

Wicknell Chivayo, Zimbabwe’s most visible and most argued-over businessman, died on Wednesday evening with his wife when their helicopter crashed near Marondera.

Nigerian billionaire Aliko Dangote partners with Honeywell on $16 billion Kenya refinery

Nigerian billionaire Aliko Dangote partners with Honeywell on $16 billion Kenya refinery

Aliko Dangote has picked Honeywell for a $300 million role in his $16 billion Kenya refinery, reusing Lekki designs to save nearly two years.

Deep-Dive Report: The Nigerian Quarter — Oil, Banks and a Stronger Naira Lined Up at Once, and the Investors Who Kept Buying Made Billions

Deep-Dive Report: The Nigerian Quarter — Oil, Banks and a Stronger Naira Lined Up at Once, and the Investors Who Kept Buying Made Billions

Otedola up $815 million, Dangote up $2.31 billion, Dossou-Aworet up $430 million, the refinery past full capacity. Oil, bank shares and a stronger naira lined up at once. What drove Nigeria’s best quarter for wealth in years, who positioned for it, and what would unwind it.

Investor Memo: The Key Man — Wicknell Chivayo's Death Leaves State Contracts in Three Countries Resting on a Company Built Around One Person

Investor Memo: The Key Man — Wicknell Chivayo’s Death Leaves State Contracts in Three Countries Resting on a Company Built Around One Person

Wicknell Chivayo died three weeks after Gwanda got its notice to proceed. Solar in Zimbabwe and Eswatini, a stake in Kenya’s airport: a pipeline worth hundreds of millions, resting on one man. What happens to it, and the lesson for anyone backing a founder-led contractor.

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