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.
Nigerian billionaire
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.
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.
IEA forecasts Aliko Dangote’s refinery to fuel decade-long surge in African oil demand
Reports had indicated that Aliko Dangote was nearing a significant milestone as the Dangote Oil Refinery prepared to receive its first crude oil cargo in October.
Africa’s richest man Aliko Dangote no longer among world’s top 100 billionaires
Currently, with a net worth of $15.8 billion, Dangote is positioned as the 107th wealthiest individual globally.
Nigerian billionaire Tony Elumelu’s Heirs Oil & Gas rebrands
Heirs Energies is a subsidiary of Heirs Holdings, an investment company that manages Elumelu’s and his family’s wealth.
Nigeria’s second-richest man Abdul Samad Rabiu joins world’s 400 richest billionaires
Since he returned to the coveted list of the world’s 500 wealthiest billionaires on Sept. 18, Rabiu has seen his net worth soar by $800 million.
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.
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).