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Nigerian billionaire TY Danjuma’s family office posted a smaller loss in 2024, holding £85 million ($114 million) in assets while core oil wealth stays separate.
Nigerian entrepreneur and philanthropist Theophilus Danjuma drives economic growth and social change through a diverse portfolio of businesses across energy, agriculture, and telecommunications.
Nigerian billionaire Theophilus Danjuma has donated ($605,460) to aid Maiduguri flood victims, providing essential support for recovery efforts in Borno State.
The acquisition was executed through their respective companies, Tak Agro and TY Holdings.
The project, conceived in March 2022, was unveiled by the 84-year-old businessman, politician, and retired army general.
The $1.36-million donation, through the T.Y. Danjuma Foundation, is the largest donation by an individual for the construction of a student hostel in Nigeria.
TY Danjuma holds a 43.28 percent stake in May & Baker Plc, the oldest pharmaceutical company on the Nigerian Stock Exchange.
Danjuma is the founder of South Atlantic Petroleum, an oil and gas exploration and production company.
Danjuma is the founder of SAPETRO.
Danjuma is known for founding the oil exploration company South Atlantic Petroleum.
The recent 60-percent acquisition is equivalent to 249,746,823 ordinary shares.