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.
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Eterna’s market cap slips below $35 million as Gabriel Ogbechie’s stake drops, but shares remain up 56% this year.
Indimi is the largest shareholder in Nigeria’s pioneering non-interest bank, holding a 29.36% stake in Jaiz Bank.
The gain comes amid economic headwinds, including a 41.5 percent devaluation of the naira after the Central Bank of Nigeria liberalized exchange rates.
Nigerian oil magnate solidifies his position among the country’s richest investors.
Boyo’s stake in Oando is held through his 33.33-percent position in Ocean and Oil Development Partners.
Jack-Rich is the founder of Belema oil Producing Limited, one of Nigeria’s leading indigenous oil exploration and production companies.
Rainoil is a key player in Nigeria’s oil industry.
In November 2005, Oando shares were listed on the JSE.
Oando is a Nigerian integrated energy solutions provider.
Petrodel Resources was founded in 2001.