Nigerian gambling magnate-backed bank posts $27.2-million profit in 2023
Its profits skyrocketed by 217 percent, leaping from N11.35 billion ($8.52 million) in 2022 to N35.99 billion ($27.2 million).
Nigerian gambling magnate
Nigerian gambling magnate Kessington Adebutu makes $2.3 million from Wema Bank stake
This surge not only reaffirms Adebutu’s status as one of the wealthiest investors on the NGX but also underscores Wema Bank’s pivotal role in Nigeria’s financial landscape.
Financial loss forces delisting of Arbico, owned by Nigerian gambling magnate Kessington Adebutu
The company has engaged with regulatory authorities and stakeholders in the decision-making process and has initiated necessary procedures to ensure a smooth transition from NGX.
Nigerian gambling magnate Kessington Adebutu makes $26 million from Wema Bank
Adebutu owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
Nigerian gambling magnate Kessington Adebutu gains $7.2 million in first week of 2024
In the first week of 2024, Wema Bank shares on the NGX rose by 33 percent from N5.55 ($0.006) to N7.38 ($0.008).
Nigerian gambling magnate Kessington Adebutu gains $3.7 million from Wema Bank stake
Adebutu, the founder of Nigeria’s oldest gaming company, Premier Lotto Limited, owns a 28.09-percent stake in Wema Bank through Neemtree Limited.
7 companies owned by Nigerian gambling magnate Kessington Adebutu
With interests in Premier Lotto, Wema Bank, and beyond, Adebutu’s businesses have solidified his position as a key player in Nigeria’s economic evolution.
Wema Bank stock decline results in $3.7-million loss for Nigerian gambling magnate
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto Limited, owns a 28.15-percent stake in Wema Bank.
Nigerian gambling magnate loses $4 million from Wema Bank investment
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto, holds a 28.15-percent stake in Wema Bank.
Nigerian gambling magnate Adebutu’s daughter faces $1-million loss in Wema Bank stake
Abolanle Matel-Okoh, daughter and CEO of Havilah Ventures, who is also on the board of Wema Bank Plc, holds a 4.54-percent stake in Wema Bank.