Nigerian billionaire Femi Otedola’s power empire rakes in $90-million revenue in 2023
The company’s revenue soared beyond the $90-million mark during the period under review, marking a significant milestone in its operations.
Nigerian billionaire
Refinery owned by world’s richest Black billionaire set to import U.S. oil
The move by the Dangote Oil Refinery, led by Aliko Dangote, who holds the title of the world’s richest Black billionaire, signals a significant change in strategy.
Nigeria’s second-richest man Abdul Samad Rabiu gains $4.18 billion in wealth this year
With a year-to-date wealth gain of $4.18 billion, pushing his net worth to $8.27 billion, he ranks among the top 20 wealth gainers globally in January 2024.
Nigerian billionaire Femi Otedola is $300-million richer in 28 days
The surge in Otedola’s net worth is attributed to the stellar performance of his diverse investment portfolio.
Africa’s richest man Aliko Dangote secures spot among world’s biggest gainers
Overcoming naira woes and macroeconomic uncertainties, Dangote’s net worth climbs to $22 billion — a $6.9 billion surge in 2024.
Nigerian billionaire Mike Adenuga gains $16.3 million from Conoil shares
This swift increase underscores Adenuga’s adept strategic investments, propelling his total fortune to $7 billion and securing his position among the world’s wealthiest individuals.
Nigeria’s second-richest man Abdul Samad Rabiu makes $1.1 billion within 24 hours
Rising shares propel Rabiu’s stake in cement and food ventures to a combined $11.91-billion valuation.
Africa’s richest man Aliko Dangote’s net worth hits $20 billion, gaining $5.2 billion
With a current net worth of $20.3 billion, Dangote has solidified his position as Africa’s richest person.
Africa’s billionaires gain $900 million in 2023 with Femi Otedola’s Forbes return
According to Forbes, the combined net worth of the 20 billionaires on the 2024 Forbes list of Africa’s richest people stands at an impressive $82.4 billion.
Aliko Dangote’s cement company becomes first Nigerian firm with N10-trillion market cap
The surge in Dangote Cement shares coincides with Nigerian billionaire Femi Otedola’s strategic investment in the leading cement company.
Nigerian tycoon Tony Elumelu’s energy company surpasses production milestone
Elumelu acknowledges Heirs Energies’ team for industry leadership, applauds CEO for pioneering impact.
Nigerian billionaire Femi Otedola emphasizes long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition
Otedola recently acquired a significant stake in Dangote Cement, Africa’s largest cement manufacturer.
Abdul Samad Rabiu overtakes Mike Adenuga as Nigeria’s second-richest man
Rabiu’s $7.2-billion fortune places him second in Nigeria, fifth in Africa, and 343rd globally on Forbes’ billionaires list.
Africa’s richest man Aliko Dangote makes $1.5 billion within 24 hours
The impressive surge in his fortune over the past 24 hours has seen his net worth increase from $15.5 billion to $17 billion.
Nigeria’s fourth-richest man Femi Otedola invests big in Dangote Cement
This investment follows Otedola’s return to the Forbes Africa’s Richest List, where he now boasts an estimated net worth of $1.2 billion.
Africa’s richest man Aliko Dangote’s net worth skyrockets, exceeding $17 billion
In just 17 days of 2024, he has already regained over $2 billion.