Within 24 hours of NGX listing, Nigerian billionaire Femi Otedola’s Geregu Power gains $120 million
Geregu Power is majority owned by Otedola.
Nigerian billionaire
Nigerian banker Herbert Wigwe’s Access Holdings to become majority shareholder in Finibanco Angola
Wigwe owns 4.26 percent of the pan-African conglomerate.
Nigerian billionaire Femi Otedola’s Geregu Power completes listing on Nigerian Exchange
The power-generating company was acquired in 2013 by Otedola.
Nigerian billionaire Femi Otedola’s power company eyes $579-million market cap
The company has an implied valuation of $579 million.
Nigerian billionaire Abdul Samad Rabiu gains $313.2 million in 50 days from stake in BUA Foods
Rabiu and his son own 99.8 percent of BUA Foods.
Nigerian billionaire Mike Adenuga loses $9.2 million in 110 days from stake in Conoil
Adenuga holds a majority 74.4-percent stake in the petroleum marketing firm.
Nigerian billionaire Femi Otedola becomes university chancellor
Ten months ago, Otedola was also named vice president of UK-based NGO Save the Children.
Nigerian billionaire Abdul Samad Rabiu suffers $1.2-billion loss in August from stake in BUA Cement
BUA Cement is Nigeria’s second-largest cement producer with a combined installed capacity of 8 million tonnes per annum.
Nigerian billionaire Abdul Samad Rabiu’s son resigns as director of BUA Foods
Earlier this year, Isyaku and his father earned a dividend of $151.6 million from their stake in the business.
Africa’s richest man Aliko Dangote’s cement business to pay $221 million in corporate tax in H1 2022
Dangote Cement is 86-percent owned by Dangote and ranks as Africa’s largest cement producer.
Nigerian billionaire Femi Otedola gains $12.7 million from stake in FBNH
FBNH is one of Nigeria’s largest financial services conglomerates.
Nigerian billionaire Abdul Samad Rabiu unveils $23.8-million security support fund
It is the single largest donation to a philanthropic cause made by a Nigerian businessman.
Mike Adenuga beats out Abdul Samad Rabiu to reemerge as Nigeria’s second-richest billionaire
His net worth has dropped by more than $400 million this year as Globacom’s share price sank.
Ardova dismisses winding-up order, as Femi Otedola’s Zenon serves majority shareholder petition over $6-million debt
The once promising relationship between Otedola’s Zenon and Abdulwasiu Sowami’s Prudent Energy has taken a new turn.
Nigerian billionaire Abdul Samad Rabiu and son receive $151.6 million in dividends from food business
Just three weeks ago, the Nigerian billionaire received a massive $208-million dividend from BUA Cement.
Nigerian billionaire Femi Otedola’s Zenon Petroleum takes Ardova to court over $6-million debt
The winding-up petition adds to the pressures on Ardova and its majority owner.