Nigerian billionaire Mike Adenuga’s Conoil reports $1.34 million in profit in Q1 2022
Adenuga’s 74.4-percent stake in the company is worth $32.6 million.
Mike Adenuga
Nigerian billionaire Mike Adenuga gains $5.2 million from stake in oil company
Conoil is a Nigerian petroleum marketing company led by Adenuga, who owns 74.4 percent of the company.
Billionaire Mike Adenuga to receive $3.1 million in dividends from Nigerian oil company
The $3.1-million dividend represents a 66.7-percent increase over the previous year’s dividend of $1.86 million from Conoil Plc.
Nigerian billionaire Mike Adenuga’s Conoil reports $7.4 million in profits in 2021
Conoil is a petroleum marketing corporation led by Adenuga, who owns 74.4 percent of the company.
Local contractors accuse Nigerian billionaire Mike Adenuga’s Conoil of failing to pay debts
Adenuga, the founder of Globacom and a billionaire businessman, is the chairman of the board of Conoil.
Nigerian billionaire Mike Adenuga’s Globacom signs network extension agreement with Ceragon Networks
Glo is the second-largest telecom services operator in Nigeria, with a 28.09-percent market share.
Abdul Samad Rabiu becomes Nigeria’s second-richest man, net worth surges above $7 billion
Rabiu’s stake in the newly-listed BUA Foods has catapulted his net worth above $7 billion.
NCAA shuts Mike Adenuga’s Globacom base in Abuja over $12.2-million debt
Globacom owes the aviation authority close to $12.2 million due to its refusal to renew expired aviation certificates.
Nigerian billionaire Mike Adenuga gains $7 million in 2021 from stake in Julius Berger
Adenuga, the founder of Nigeria’s third largest telecom services provider, Globacom, owns a 25.1-percent stake in Julius Berger.
Nigerian billionaire Mike Adenuga’s petroleum company posts $3.9 million in profit for 9M 2021
Conoil is a Nigerian petroleum marketing company, operating under the leadership of billionaire Mike Adenuga.
Nigerian billionaires fight to control one of country’s largest banks
Nigerian billionaires are putting their hard-earned money to work to control First Bank of Nigeria Holdings.
Nigerian billionaire Mike Adenuga’s net worth increases by $200 million in 2021
The Globacom founder’s net worth at the beginning of this year was valued at $6.3 billion.
Telecom mogul Mike Adenuga partners with Eutelsat to extend satellite broadband to underserved Nigeria
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
Oil mogul Mike Adenuga earns $7.6 million as investors react to 213-percent increase in Conoil’s half-year profits
As of Sept. 24, shares in the company were trading at a record three-year high of $0.0596 per share.
Mike Adenuga’s Conoil posts $2.58-million mid-year profit; earnings surge by 213 percent
Its revenue expanded from $139.63 million to $164.27 million.
Stake of Nigeria’s second richest man Mike Adenuga in Conoil gains $2.26 million in 21 days
The gains follow a surge in the oil marketing company’s share price.