Nigerian billionaire Femi Otedola sells $6.4 million worth of Geregu Power shares
This move by Otedola reduced his stake in Geregu Power from 95.56 percent to a slightly smaller but still substantial 95.38 percent.
Nigeria
10 companies owned by Nigerian mogul Adebayo Ogunlesi
Adebayo Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Dangote’s salt-processing company surpasses $70-million revenue mark in 9M-2023
As the majority shareholder of Nascon Allied Industries, Dangote’s stake in the salt and seasoning processing company is now worth $117 million.
Nigerian billionaire Femi Otedola makes $250 million in eight days
With Geregu Power’s impressive performance and Otedola’s rising fortunes, the company solidifies its position as a key player in Nigeria’s energy sector.
Adebayo Ogunlesi: Nigerian billionaire whose firm owns London’s Gatwick Airport
Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Nigerian tycoon Tony Elumelu’s UBA records $570 million in profit in 9 months
Elumelu, who owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares, ranks as one of the wealthiest investors on the Nigerian Exchange.
Nigerian billionaire Mike Adenuga’s oil firm records $175 million in 9M revenue
Nigerian billionaire Mike Adenuga’s leadership marks continued success for petroleum marketing company Conoil Plc.
Cement empire of Nigeria’s second-richest man surpasses $420 million in 9M revenue
This underscores the financial success of BUA Cement under Rabiu, a prominent industrialist who has solidified his standing as Nigeria’s second-richest man.
8 businesses owned by Nigeria’s richest pastor, Bishop David Oyedepo
Billionaires.Africa explores eight businesses founded by Bishop Oyedepo. His remarkable influence extends far beyond Nigeria.
Nigerian billionaire Femi Otedola donates $1 million to Augustine University students
The donation will cover the tuition fees of 750 students.
Nigerian billionaire Mike Adenuga-linked Julius Berger posts revenue exceeding $410 million
Belinda Ajoke Disu, Adenuga’s daughter, serves on the board of Julius Berger, bringing a strong link between the telecom mogul and the group.
Bank linked to Nigerian billionaire Femi Otedola rakes in $290 million in profit
As a top shareholder in the Lagos-based lender, Femi Otedola stands to benefit from FBNH’s impressive financial performance.
Greek businessman John Coumantaros loses $10 million from Flour Mills stake
Coumantaros, ranked as one of the richest investors on the Nigerian Exchange, holds a 63.34 percent stake in Flour Mills of Nigeria.
Aliko Dangote’s cement empire achieves 9-month profit exceeding $340 million
Dangote Cement’s remarkable financial performance and ability to sustain profit growth solidify its position as a top player in the African cement industry.
Nigerian billionaire Femi Otedola makes $171 million in 72 hours
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
Bank led by Nigerian tycoon Herbert Wigwe posts over $320 million in profit in 9M 2023
Access Holdings sees key growth and expansion with Wigwe at the helm.