Net worth of Africa’s top billionaires Johann Rupert and Aliko Dangote plunges below $11 billion
The rivalry between Dangote and Rupert has become fierce, with the wealth gap shrinking from $1.2 billion in mid-June to a mere $100 million.
Nigerian billionaire
Nigerian billionaire Orji Uzor Kalu to head Senate Committee on Privatization
Kalu is the founder of Slok Holding, a West African conglomerate with tentacles in shipping, banking, manufacturing and media.
Nigerian pharma tycoon Stella Okoli, U.S. gov’t partner to combat malnutrition
Emzor, which Okoli owns, will partner with the U.S. government to establish a processing facility for medical-grade groundnut paste.
7 assets owned by Nigerian billionaire Mike Adenuga
Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
Dangote’s investment portfolio soars above $7.3 billion on Nigeria’s stock market
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.
Abdul Samad Rabiu donates vehicles worth $650,000 to drug enforcement agency
The latest donation follows NDLEA’s receipt of a grant amounting to $1.1 million about nine months ago from Rabiu.
Dangote’s net worth hits $11.2 billion, paving way to reclaim Africa’s richest title
The recent rebound in Dangote’s net worth is a testament to the resilient performance of his diverse business ventures amid challenging economic conditions.
Billionaire Abdul Samad Rabiu’s food empire shines bright with $120 million profit in H1 2023
BUA Foods, which is majority owned by Rabiu, is the unified food business segment of BUA Group.
Nigerian billionaire Mike Adenuga’s oil marketing firm nets $8.12-million profit in H1 2023
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.
Dangote’s cement company rakes in $230-million profit in first half of 2023
Dangote Cement’s performance and proactive approach to boosting shareholder value have continued to solidify its position as the leader in the cement industry.
Dangote’s salt company registers $7.5-million profit in H1 2023, revenue soars beyond $49 million
Nascon Allied Industries is a prominent salt-processing company and a subsidiary of the Dangote Group, led by Nigerian billionaire industrialist Aliko Dangote.
Abdul Samad Rabiu’s BUA Cement soars with more than $280 million in revenue and record-breaking profits
BUA Cement’s robust financial performance underscores its ability to weather challenges and solidifies its position as a key player in the Nigerian cement industry.
Nigerian gambling magnate Kessington Adebutu’s stake in Wema Bank dips by $6 million in 25 days
Kessington Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto Limited, holds a 28.09-percent stake in Wema Bank
Nigeria’s second-richest man Abdul Samad Rabiu splashes $4.8 million to acquire new shares in BUA Cement
Based on the current share price, the total market value of Rabiu’s 96.13-percent stake in BUA Cement now stands at N3.22 billion ($4.06 billion).
Aliko Dangote’s brother Sayyu Dantata gains over $10 million from MRS Oil stake
Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings.