5 Nigerian billionaires hold a quarter of Aradel Holdings, worth $1.1 billion
Samuel Dossou-Aworet, Fola Adeola and Ladi Jadesimi hold Aradel stakes worth $556 million, $250 million and $239 million between them.
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Samuel Dossou-Aworet, Fola Adeola and Ladi Jadesimi hold Aradel stakes worth $556 million, $250 million and $239 million between them.
Samuel Dossou-Aworet's stakes in Seplat and Aradel are worth $1.43 billion, built by a Benin-born engineer who once ran Gabon's oil sector.
Seplat's 12-cent dividend delivers $14.4 million to Tony Elumelu's Heirs, $9.7 million to Petrolin and $6 million to Austin Avuru. GHOST
Beninese tycoon Samuel Dossou-Aworet's Petrolin Group has begun operations at its Parakou dry port, shipping first cotton after years of delay.
Samuel Dossou-Aworet's 13.5% stake in Seplat Energy through Petrolin Group is now worth $670 million, up $300 million since the start of 2026.
A Benin-born engineer who once ran Gabon's hydrocarbons office quietly built a private empire worth nearly $1 billion through Petrolin Group.
Samuel Dossou-Aworet-backed Tullow extends Jubilee and TEN licenses in Ghana, securing long-term gas deals and drilling plans.
Tullow Oil has completed the $120 million sale of its Kenya assets to Gulf Energy, handing a local firm control of long-delayed oil hopes.
Samuel Dossou-Aworet boosts Aradel stake with a $64 million share purchase, cementing his role in Nigeria’s oil sector.
Tullow Oil Gabon holds all of Tullow’s non-operated working interests in Gabon, and the buyer is Gabon Oil Company.
This is part of Tullow's ongoing strategy to streamline operations and reduce its debt.
Tullow Oil sells Tullow Oil Gabon SA to the Gabonese government for $302 million.
This underscores growing doubts about whether the company can push its long-delayed Turkana oil project to commercial production.
This acquisition aligns with Shell’s strategy to exit Nigeria’s onshore oil sector, where security risks, environmental concerns, and community unrest have posed persistent challenges.
An international tribunal ruled that the company is not liable for a $320 million tax assessment levied by the Ghana Revenue Authority.
Dossou-Aworet, through his wholly-owned Petrolin Group, holds a 13.87-percent stake in Seplat, representing 81,015,319 ordinary shares.