Nigerian billionaire Mike Adenuga’s oil firm to distribute $2.2-million dividend to shareholders
Under the astute leadership of Adenuga, Conoil has solidified its position as a dominant force in Nigeria’s petroleum marketing industry.
Mike Adenuga
Nigerian billionaire Mike Adenuga in spotlight over $260-million debt and bribery allegations
Adenuga, whose net worth stands at $3.5 billion, ranks as one of Nigeria’s most prominent and wealthiest businessmen.
Nigerian billionaire Mike Adenuga suffers $7.5-million loss as Conoil shares dip
Despite this setback, Adenuga stands as one of the wealthiest billionaires not only in Nigeria but on the African continent.
7 assets owned by Nigerian billionaire Mike Adenuga
Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
Nigerian billionaire Mike Adenuga’s oil marketing firm nets $8.12-million profit in H1 2023
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
Mike Adenuga’s Conoil stake nears $75 million with $22-million boost
Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
Nigerian billionaire Mike Adenuga earns $1.5-million dividend from Julius Berger
Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
Nigerian billionaire Mike Adenuga’s stake in Conoil soars by $59.7 million
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
Mike Adenuga’s Conoil reports record $6.5 million profit in Q1 2023
Adenuga controls a majority stake of 74.4 percent in Conoil.
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.
Nigerian billionaires Adenuga, Otedola make waves with Transcorp stakes
Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.
Nigerian billionaire Mike Adenuga’s net worth drops by $100 million
Adenuga remains one of Nigeria’s and Africa’s top billionaires.
Contractor drags Nigerian billionaire Mike Adenuga’s firm to court over alleged $775,000 debt
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Nigerian billionaire Mike Adenuga’s net worth declines by $100 million in 43 days
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.
Nigerian billionaire Mike Adenuga’s firm ventures into cashew business, secures $65.3 million
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.