Net worth of Nigeria’s second-richest man Abdul Samad Rabiu hits $7 billion
Bloomberg estimates Rabiu’s net worth slightly lower at $5.91 billion, considering approximately $2.98 billion in miscellaneous liabilities.
Nigeria
Nigerian banker Herbert Wigwe faces $5-million loss in Access Holdings stake
Wigwe holds an impressive 7.14-percent ownership stake in the leading lender.
Nigerian oil billionaire Wale Tinubu loses $29 million from investment in Oando
Tinubu’s stake in Oando is held indirectly through his ownership of 66.67 percent of Ocean and Oil Development Partners (OODP).
Nigerian billionaire Abdul Samad Rabiu to bring cement prices below $4.5 per bag by 2024
Under the leadership of Rabiu, BUA Cement has firmly established itself as Nigeria’s second-largest cement producer.
Nigeria’s second-richest man commences construction of $3.25 million oncology center
Abdul Samad Rabiu, ranked as Africa’s fifth-richest individual and Nigeria’s second-richest man, boasts a net worth of $6.5 billion.
Net worth of Nigeria’s second-richest man Abdul Samad Rabiu surpasses $5.5 billion
With his fortune pegged at $5.54 billion, Rabiu now claims the 444th spot on the global list of the wealthiest individuals.
7 companies owned by Nigeria’s richest woman Folorunso Alakija
Billionaires.Africa has identified and cataloged seven companies owned by Alakija, showcasing her diverse business empire.
Nigerian businessman Tony Elumelu gains $5 million in three weeks from UBA
Elumelu, with his 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares, ranks as one of the wealthiest individuals in the country.
Africa’s richest man drops off top 100 billionaires list as wealth dips below $17 billion
As of Sept. 1, Dangote’s net worth stood at $17.8 billion, but it has now plummeted to $16.7 billion.
Nigerian billionaire Abdul Samad Rabiu’s cement company slashes cement prices
This decision comes just one month after Rabiu expressed optimism regarding the completion of two new cement factories by the year’s end.
Greek multimillionaire John Coumantaros gains $10.5 million from Flour mills stake
Coumantaros ranked as one of the richest investors on the Nigerian Exchange, owns a 63.34-percent stake in Flour Mills.
Nigerian banker Herbert Wigwe to receive $1-million dividend from Access Holdings
Wigwe, who serves as the group managing director and CEO of Access Holdings, holds a 7.14-percent stake in the financial giant.
Africa’s richest man Aliko Dangote’s Dangote Foods to emerge before end of 2023
Notably, the merger is poised to significantly boost the net worth of Dangote, who ranks as the richest man in Africa.
Court sets date for ruling on Nigerian multimillionaire ABC Orjiakor’s $101-million debt lawsuit
ABC Orjiakor, who owns a 6.4-percent stake in Seplat Energy, one of Nigeria’s largest energy companies, ranks as one of Nigeria’s wealthiest business figures.
7 companies owned by billionaire African energy mogul Benedict Peters
Billionaires.Africa has identified and tracked seven notable assets owned by billionaire Benedict Peters.
Nigerian billionaire Mike Adenuga to receive $1.65-million dividend from Conoil
Led by the visionary Mike Adenuga, Conoil has firmly established its dominance in Nigeria’s petroleum marketing arena.