Aliko Dangote loses $700 million in July amid stock market sell-off, naira slump
However, he remains one of the few billionaires who has seen impressive gains since the year began.
Nigerian billionaire
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $147.7 million in profit in H1 2022
The double-digit rise in earnings was driven by increased revenue from $299.3 million to $454.1 million.
Nigerian billionaire Abdul Samad Rabiu unveils $3-million development initiative for Niger
Rabiu, Africa’s fifth-richest man, is presently worth $6.3 billion, according to Forbes.
Africa’s richest man Aliko Dangote loses $1.1 billion in two months as Dangote Cement shares fall
Dangote’s net worth is still up by $832 million this year.
Nigerian billionaire Abdul Samad Rabiu receives $208 million in dividends from cement business
Rabiu is also on track to earn another $151.66 million in dividends from his newly consolidated food business, BUA Foods.
Nigerian billionaire Aliko Dangote’s Dangote Industries completes $452-million bond issuance
The proceeds from the landmark transaction will be used to part-finance the Dangote Oil Refinery Project.
Buhari sends congrats as Abdul Samad Rabiu reappointed as head of France-Nigeria Business Council
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.
This is what Nigerian billionaire TY Danjuma’s family office portfolio looks like
Danjuma is known for founding the oil exploration company South Atlantic Petroleum.
Nigerian billionaire Abdul Samad Rabiu meets Senegalese president to discuss pan-Africaneconomic ties
BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.
Africa’s richest man Aliko Dangote gains $100 million in June
The $100-million increase in his net worth in June follows a $300-million decline in May.
Nigerian businessman Tony Elumelu says Africa’s development depends on private sector
Elumelu is the chairman of Heirs Holding.
Nigerian billionaire Abdul Samad Rabiu overtakes telecom mogul Mike Adenuga in Forbes ranking
Rabiu is now Africa’s fifth-richest man.
Nigerian billionaire Mike Adenuga’s net worth slumps by $200 million since start of 2022
Adenuga derives the majority of his wealth from his telecom company and his investments in the Nigerian oil industry.
Africa’s wealthiest man, billionaire Aliko Dangote loses $700 million in 10 days
But with his fortune of $20.3 billion, he remains Africa’s richest man.
Nigerian billionaire Femi Otedola dumps shares in FBHN worth $17.8 million
The transaction is expected to have an impact on Otedola’s dividend earnings.
Nigerian billionaire Mike Adenuga earns over $3.6 million in single day from Conoil
So far this year, the company’s share price has increased by 45.4 percent.