Nigerian billionaire Mike Adenuga strikes gold as Conoil stake skyrockets by $24 million
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
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Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.
Adenuga remains one of Nigeria’s and Africa’s top billionaires.
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
Adenuga is the founder of leading telecom service provider Globacom.
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.
Conoil is a petroleum marketing firm.
Disu is the daughter of Nigerian billionaire Mike Adenuga.
Adenuga owns a 74.4-percent stake in Conoil.
He remains Nigeria’s second-richest man.
Adenuga holds a majority stake in the oil marketing business.
Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.
Adenuga is one of the world’s 500 wealthiest billionaires.
Adenuga owns 74.4 percent of Conoil.
Rabiu’s net worth has recently risen above $5.6 billion.