US rumored to be building world’s largest consulate in Nigeria with billionaire Gilbert Chagoury
In 2000, a Swiss court reportedly convicted Chagoury of laundering funds looted by Nigeria’s late military leader Sani Abacha.
Nigerian billionaire
Abdul Samad Rabiu’s BUA Foods acquires shipping vessels to drive West African sugar exports
The new vessel will depart and berth at BUA’s port and terminal.
Nigerian tycoon Oba Otudeko pockets $53 million from Flour Mills-Honeywell deal
Otudeko owns 66.8 percent of Honeywell Flour Mills.
Herbert Wigwe’s Access Holdings posts $138.2 million in profit in Q1 2022
Access Holdings ranks as one of the most capitalized financial services institutions on the Nigerian Exchange.
Nigerian banking tycoon Jim Ovia’s Zenith Bank posts $140.1 million in profit in Q1 2022
Ovia owns a significant 16.2-percent stake in the company.
Nigerian businessman Tony Elumelu’s UBA earns $100 million in profit in Q1 2022
Elumelu owns a sizable 6.39-percent stake in the company.
Nigerian billionaire Mike Adenuga gains $5.2 million from stake in oil company
Conoil is a Nigerian petroleum marketing company led by Adenuga, who owns 74.4 percent of the company.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $79.7 million in profit in Q1 2022
The result suggests that it is on track to deliver yet another record performance at the end of Q2 2022.
Africa’s richest man, Aliko Dangote, gains $500 million in 14 days, as cement company shares skyrocket
His year-to-date wealth gains are now $1.33 billion.
Nigerian tycoon Obafoluke Otudeko gains $6 million in 17 days from flour-milling business, Honeywell
The recent increase in Otudeko’s stake can be attributed to a 13.9-percent increase in the company’s stock price.
Olugbenga Agboola, billionaire CEO of Flutterwave, responds to allegations of misconduct
In an email sent to employees, Agboola did not reveal any new information or admit to any wrongdoing.
Nigerian billionaire Abdul Samad Rabiu eyes $151.6 million in BUA Foods dividends
Rabiu and his son own 99.8 percent of the newly established food business segment.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $167.8 million in profit in 2021
The increase in the group’s profit can be attributed to a significant increase in the sales of its products.
Shell claims Nigerian billionaire Benedict Peters’ Aiteo owes $1.7 billion in oil loans
Founded by Peters in 2013, Aiteo is one of Nigeria’s largest indigenous oil exploration companies.
Billionaire Mike Adenuga to receive $3.1 million in dividends from Nigerian oil company
The $3.1-million dividend represents a 66.7-percent increase over the previous year’s dividend of $1.86 million from Conoil Plc.
Nigerian billionaire Abdul Samad Rabiu gains over $300 million from stake in BUA Cement
The multimillion-dollar surge in the market value of Rabiu’s stake can be linked to the year-to-date gains in BUA Cement shares.