Skip to content
Elumelu’s influence extends beyond his roles at UBA, where he serves as chairman, and other entities like Transnational Corporation of Nigeria Plc and Heirs Holdings.
The major driver behind this sudden fall is the recent decline in the market value of his substantial holdings in Dangote Cement Plc.
The complex is more than a construction project; it’s a blueprint for the future.
This builds upon previous philanthropic endeavors, including a N250 million ($166 million) donation to 292 orphanages in November 2021 to commemorate his 29th birthday.
This highlights Rabiu’s dedication to supporting his entire workforce during tough economic times, acknowledging the challenges faced by his employees.
The conglomerate is majority-owned by Nigeria’s second-richest man, Abdul Samad Rabiu, and his son, Isyaku Naziru Rabiu.
The upswing in Otedola’s net worth is attributed to the remarkable performance of his 78.64-percent stake in Geregu Power Plc.
Beyond his ventures, Elumelu champions entrepreneurship. The Tony Elumelu Foundation empowers African entrepreneurs through seed capital, training, and mentorship.
BUA Foods Managing Director Ayodele Abioye unveils BUA Foods’ struggle with FX rate instability.
Geregu Power’s exceptional financial performance has solidified its position as one of Nigeria’s most profitable entities.
From transforming Access Bank into Access Holdings to visionary ventures like Tengen Holdings, HOW Foundation, and the upcoming Wigwe University.
The dividend solidifies Otedola’s position among Nigeria’s top dividend earners and adds another financial milestone to his already impressive portfolio.
The groundbreaking collaboration sets the stage for a three-year program aimed at harnessing Africa’s substantial reserves of critical minerals.
Oshin is not only the largest shareholder in the Lagos-based investment group but also ranks among Nigeria’s wealthiest investors.
Kwairanga said the Dangote Oil Refinery and Dangote Fertilizer Company are slated for listing on the exchange imminently.
Afolabi emphasized the consortium’s commitment to leveraging its track record of success in revitalizing enterprises for growth and profitability.