Atedo Peterside’s Stanbic IBTC rakes in $62.6-million profit in Q1 2023
Peterside owns a significant 1.14-percent stake in Stanbic IBTC, equating to 133,611,115 ordinary shares in the group.
Nigerian Exchange
John Coumantaros takes $30-million hit from Flour Mills investment
Coumantaros’ 63.34-percent stake in the agro-allied group is still up by over $6 million since the start of the year.
$100,000 investment in Femi Otedola’s firm 6 months ago is now worth $320,000
In the past six months, the market cap of Otedola’s Geregu Power has risen by $1.21 billion to $1.75 billion.
Nigerian billionaire Abdulsamad Rabiu set to receive whopping $162-million dividend from BUA Foods
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Nigerian pharma tycoon Fidelis Ayebae’s Fidson smashes expectations with $9.08-million profit
Fidson Healthcare has established itself as a leading player in the Nigerian and West African pharmaceutical industries.
Nigerian tycoon Tony Elumelu’s UBA stake plummets $4.1 million in just three weeks
Elumelu has seen a sharp decrease in his net worth in the past three weeks.
Nigerian banker Herbert Wigwe recoups $2.1 million after last week’s losses
Wigwe owns 4.51 percent of Access Holdings.
Nigerian shipping tycoon Victor Odili’s stake in MTN Nigeria has slumped by $21.5 million within 48 hours
Odili is a former non-executive director of MTN Nigeria, one of Africa’s largest telecom providers.
Femi Otedola regains spot on Africa’s richest list as stake in Geregu Power nears $2 billion
Otedola joins a select group of African billionaires whose holdings in publicly traded companies exceed $1.5 billion.
Nigerian billionaire banker Jim Ovia has lost over $18 million so far in March
Ovia holds a significant 16.2-percent stake in Zenith Bank
Nigerian multimillionaire banker Herbert Wigwe loses $1.5 million from Access Holdings stake
Wigwe is regarded as one of the most successful bankers in Nigeria.
Greek businessman John Coumantaros gains $25.6 million from stake in Flour Mills
Coumantaros, a Nigeria-based Greek businessman, controls 63.34 percent of Flour Mills.
Nigerian energy magnate Bryant Orjiako’s Seplat rakes in $950 million in revenue in 2022
Orjiako and Austin Avuru are both credited with turning Seplat Energy into the largest listed company on the Nigerian Exchange.
Meet Victor Odili: Nigerian shipping tycoon with $430 million stake in MTN Nigeria
Odili ranks as one of Nigeria’s richest businessmen.
Nigerian banking tycoon Jim Ovia rakes in $14.87 million in just 54 days from Zenith Bank stake
Ovia owns a sizable 16.2-percent stake in Zenith Bank.
Afreximbank’s FEDA completes acquisition of 5 percent stake in Femi Otedola’s Geregu Power
Geregu Power is a power-generating company.