Nigerian tycoon Taiwo Afolabi eyes offshore vessel expansion after Indimi’s $315 million bet
Billionaires Africa | 27.01.2026 17:26
Just months after Nigerian billionaire Muhammadu Indimi marked a milestone in the country’s oil sector with a $315 million offshore vessel, another local tycoon is following suit. Taiwo Afolabi’s SIFAX Marine, a unit of SIFAX Group, announced plans to acquire additional offshore support vessels to boost capacity and respond to growing demand in the oil and gas sector.
