The $100 Million Investor Club on the Nigerian Exchange: All 17 Members and What They Own
Seventeen investors held Nigerian Stock Exchange shares worth at least $100 million at Friday's close. Here is every stake they own and what each is worth.
Nigerian Exchange
Dangote refinery IPO priced at N525 a share, valuing it at $47 billion
Nigeria's SEC approved the Dangote refinery IPO at 525 naira a share. The 4.1 billion share offer opens Sept. 14 and could raise $1.55 billion.
6 Nigerian billionaires have companies joining the FTSE frontier index this month
Ten Nigerian stocks join FTSE Russell's frontier index on Sept. 21, including companies part-owned by Aliko Dangote, Femi Otedola and Victor Odili.
Dangote's sugar company raises $356 million in oversubscribed rights issue after years of losses
Aliko Dangote's Dangote Sugar Refinery has raised $356 million in an oversubscribed rights issue to cut debt and expand local production after years of losses.
Nigerian politician Abdulaziz Yari sits on $400 million paper gain at Geregu despite sharp share price slide
Abdulaziz Yari holds a roughly $400 million paper gain on his Geregu Power stake despite a 28 percent share price slide, because he bought at a discount.
Africa's 3rd richest man Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer their worst day of 2026
A brutal session on the Nigerian Exchange erased more than a billion dollars from the BUA Group founder's fortune, reshuffling Africa's wealth rankings overnight.
Nigerian tycoon Tony Elumelu named Seplat Energy chairman
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Aliko Dangote's sugar firm opens a $324 million rights issue to bankroll local production
Aliko Dangote's Dangote Sugar has opened a N485.9 billion ($324 million) rights issue to strengthen its balance sheet and fund a major local-production drive.
African stock exchanges eye Dangote refinery IPO as NGX convenes JSE, NSE, GSE and BRVM for cross-border listing talks
NGX Group has convened chiefs of five African stock exchanges in Lagos to advance cross-border listings of the Dangote Refinery ahead of a June-July 2026 IPO on the NGX.
BUA Cement leads a massive N649bn surge on Nigerian Exchange
Under the visionary leadership of Abdul Samad Rabiu, BUA Cement has triggered a massive recovery on the Nigerian stock market, adding 649 billion naira to investor wealth.
Abdul Samad Rabiu set to pocket N324 billion dividend as BUA Cement profit surges
Abdul Samad Rabiu will collect more than N324 billion in dividends as BUA Cement profit climbed nearly fivefold in 2025.
Tycoon Tony Elumelu leads Transcorp past N1 trillion assets in record 2025 results
Tony Elumelu Transcorp crossed N1 trillion in assets in 2025 as profit surged 44 percent and revenue climbed to N544 billion.
Billionaires.Africa ranks the 30 richest investors on the Nigerian Exchange in 2026
Using late January 2026 closes and N1,460 to $1, we ranked the biggest disclosed NGX shareholders and priced their listed stakes.
Nigerian oil tycoon Gabriel Ogbechie loses $6 million from Eterna stake
Eterna’s market cap slips below $35 million as Gabriel Ogbechie’s stake drops, but shares remain up 56% this year.
Nigerian oil tycoon Mohammed Indimi makes $8.3 million from Jaiz Bank shares
Indimi is the largest shareholder in Nigeria’s pioneering non-interest bank, holding a 29.36% stake in Jaiz Bank.
Africa’s richest man, Aliko Dangote, gains $414 million in 24 hours
Dangote's net worth jumped $414 million in a day as investors poured into cement and sugar stocks on the Nigerian Exchange.