8 Nigerian multimillionaires who made a fortune in mining
After years of chaos and foreign plunder, Nigeria’s mines are stirring. Legit operators are turning gold, lithium and iron into fortunes as a long-overdue cleanup begins.
Nigerian billionaires
Nigerian power billionaires set for windfall as government moves to clear $2.7 billion electricity debt
A long-stalled $2.7 billion debt cleanup could unlock cash and capacity for Nigeria’s billionaire-owned power plants.
Nigeria’s aviation authority warns private jet owners, including billionaires, on unauthorized usage
To ensure compliance, the NCAA will deploy officials to General Aviation Terminals (GAT) and private airport wings to monitor PNCF holders’ activities closely.
Nigerian president appoints billionaire business leaders to Economic Advisory Committee
In the face of economic challenges, Nigerian billionaire Aliko Dangote emphasizes the need for swift and decisive action from both the public and private sectors.
Nigerian fertilizer tycoon Thomas Etuh donates hospital to Gombe State
Etuh is the owner of TAK Group which owns operates fertilizer blending plants across the country among other interests.
Africa’s richest list reshuffled amid devaluations: Nigerian billionaires suffer, South African billionaires thrive
While South African billionaires enjoyed substantial gains from their well-diversified portfolios, their Nigerian counterparts bore the brunt of devaluations.
Nigerian billionaire Femi Otedola opens up on Transcorp saga, Elumelu relationship
Nigerian billionaire Femi Otedola has opened up on the Trasncorp saga and his relationship with Tony Elumelu.
Nigerian billionaires Adenuga, Otedola make waves with Transcorp stakes
Adenuga’s minority shareholding in Transcorp is now worth $2.05 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.
Nigeria’s richest men, Dangote, Rabiu invest $1 billion in sugar production
The investments were made as part of the Nigeria Sugar Master Plan.
Nigerian billionaires, other owners of private jets sue gov’t over $67.5-million tax
Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.
Nigerian oil tycoon Adewale Tinubu’s Oando suffers $320 million in losses in 2020
Tinubu stated that 2020 was one of the most challenging years in the firm’s history.
Nigerian tycoons Femi Otedola, Hassan-Odukale to pocket $3.9-million in dividends from FBNH
The news comes several months after the businessmen revealed their stakes in the bank.
Nigerian billionaire Femi Otedola cements position as largest shareholder in Nigeria’s oldest bank
Otedola recently bought another 898,730,515 shares in the bank.
Nigerian billionaire Abdul Samad Rabiu unveils food company BUA Foods, set to list on NGX
BUA Sugar Refinery Limited, BUA Oil Mills Limited, IRS Flour, IRS Pasta and BUA Rice Limited have merged to form BUA foods.