Femi Otedola’s Geregu poised to transform Nigeria’s power industry with 1,300 MW surge
Otedola’s Geregu Power is the eighth most valuable company on the Nigerian Exchange.
Nigerian billionaire
Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil
Adenuga is the founder of leading telecom service provider Globacom.
Aliko Dangote’s sugar business reports impressive performance as profit surpasses $110 million in 2022
Dangote Sugar Refinery is a leading sugar business.
Nigerian billionaire Abdul Samad Rabiu’s net worth skyrockets to $8 billion, eyes Africa’s top 3 richest spot
Rabiu is also set to receive a dividend of $198 million.
10 richest African billionaires in 2023
African billionaires are bouncing back in 2023, after a challenging 2022 marked by significant losses in their net worth.
5 African countries with lower government spending than Aliko Dangote’s $640-million dividend
Dangote’s dividend exceeds the yearly government expenditures of these five African countries.
Africa’s richest man Aliko Dangote to receive $640.6-million dividend from his cement business
The dividend is higher than the annual government expenditures of Rwanda, Burkina Faso, and Malawi.
Nigerian billionaire Abdul Samad Rabiu to pocket $198-million dividend from BUA cement
Rabiu holds a 96.3-percent ownership stake in BUA Cement.
Aliko Dangote’s cement company reaches all-time highs, profits exceed $800 million in 2022
Dangote recommended a dividend of $0.0434 per share.
Aliko Dangote hails highest voter turnout in over two decades in Nigeria’s presidential election
Dangote described the turnout as “very, very impressive.”
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement smashes records, surpasses $210-million profit in 2022
BUA Cement Plc is one of Nigeria’s leading cement companies.
Abdul Samad Rabiu reclaims title of fourth-richest man in Africa with $700-million net worth surge
Rabiu’s net worth has increased by more than $700 million in the past 24 hours, from $7.1 billion to $7.8 billion.
Nigerian billionaire Femi Otedola donates $4.3-million engineering faculty complex to Augustine University
As an added honor, in September 2022, Otedola was appointed as the distinguished chancellor of the university.
Abdul Samad Rabiu loses Africa’s fourth-richest spot as net worth drops $545 million in 24 hours
Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.
Afreximbank’s FEDA completes acquisition of 5 percent stake in Femi Otedola’s Geregu Power
Geregu Power is a power-generating company.
Egyptian billionaire Nassef Sawiris overtakes Abdul Samad Rabiu as Africa’s fourth-richest man
Since the start of the year, Sawiris’ net worth has risen by $200 million.