Nigerian billionaire Femi Otedola’s power company posts revenue exceeding $70 million in 9 months
Under Otedola’s leadership, the leading power-generating company has excelled across all its segments.
Nigerian billionaire
Africa’s richest man Aliko Dangote’s sugar firm to boost production to 1.5 million tonnes
Dangote Sugar Refinery currently boasts a refining capacity of 1.44 million metric tonnes, making it Nigeria’s largest household and commercial sugar producer.
Nigerian billionaire Abdul Samad Rabiu donates $2.5 million to reconstruct mosque
Rabiu, Nigeria’s second richest man, is a devoted muslim and one of Africa’s most generous philanthropists.
Nigerian billionaire Femi Otedola-linked bank to raise $181 million via rights issue
With an impressive 5.57-percent ownership as of June 30, 2023, Otedola stands as the largest shareholder in this Lagos-based financial services holding group.
Nigerian billionaire Arthur Eze’s oil exploration licenses in Uganda have expired
Oranto Petroleum Limited, owned by Nigerian billionaire Arthur Eze, recently saw its oil exploration licenses in Uganda’s Kikuube district, expire.
Nigerian billionaire Mike Adenuga pays $210-million spectrum license renewal fee
This development comes in the wake of intense speculation and reports regarding a contentious dispute between Adenuga and the Nigerian government.
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.
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.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
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.
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.
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.