Nigerian tycoon Emeka Onwuka pockets $1.5-million salary from Seplat in 2022
Onwuka, the CFO of Seplat Energy, experienced a substantial 7.78-percent increase in his 2022 compensation, reaching $1.55 million.
Nigerian Exchange
Otedola becomes second Nigerian billionaire with stakes in two companies worth over 1 trillion naira
With his strategic investments and relentless pursuit of excellence, Otedola continues to make significant contributions to the Nigerian economy and beyond.
Nigeria’s richest banker Jim Ovia makes $13 million from Zenith Bank stake in 8 days
Ovia, a key figure in Nigeria’s banking industry’s evolution and digital transformation, founded Zenith Bank in 1990.
Nigeria’s richest banker Jim Ovia’s Zenith Bank announces expansion into France
Founded in 1990 by Ovia, Zenith Bank has become a leading lender not only in Nigeria but across anglophone West Africa.
Femi Otedola cements position among Africa’s richest as portfolio exceeds $1.2 billion
With a diverse portfolio and impactful investment strategy, Otedola has become the third-richest investor on the Nigerian Exchange.
Nigerian tycoon Tony Elumelu’s UBA records $570 million in profit in 9 months
Elumelu, who owns a 7.39-percent stake in UBA, equivalent to 2,527,372,285 ordinary shares, ranks as one of the wealthiest investors on the Nigerian Exchange.
Tony Elumelu’s wife, Awele, gains nearly $7 million as Transcorp shares soar
This recent surge in Awele Elumelu’s stake further solidifies her position as one of the top investors on the Nigerian Exchange.
Dangote’s stepbrother, Sayyu Dantata, gains $2.4 million from MRS stake in 48 hours
Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings.
Nigerian energy tycoon Wale Tinubu gains $40 million from Oando stake
Tinubu, a towering figure in the Nigerian energy industry, who owns 66.67 percent of Ocean and Oil Development Partners (OODP), has an indirect stake in Oando.
Nigerian businessman Tony Elumelu loses $3.2 million in 11 days from UBA stake
Despite this substantial loss, Elumelu retains his status as one of the wealthiest investors in the local bourse.
Aliko Dangote’s sugar firm soars, becoming Africa’s newest billion-dollar empire
This remarkable milestone has further solidified Dangote’s status as the richest man on the African continent.
7 companies owned by Nigeria’s richest banker Jim Ovia
In the African financial world, Ovia stands tall as Nigeria’s richest banker and a leading figure in the country’s business landscape.
Nigerian businessman Tony Elumelu gains $3 million in 32 days from UBA stake
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
Africa’s richest man achieves massive wins on NGX as portfolio surpasses $7.7 billion
Dangote’s expansive investment portfolio positions him ahead of his African peers, including South African billionaire Johann Rupert.
Nigeria’s richest banker gains $9.9 million in just eight days
These impressive gains further solidify Ovia’s status as Nigeria’s richest banker and one of the richest investors on the NGX.
Dangote’s investment portfolio soars above $7.3 billion on Nigeria’s stock market
The market value of Dangote’s portfolio now stands at an impressive $7.3 billion, a testament to his unwavering influence in the Nigerian industrial sector.