Nigerian lottery magnate Kessington Adebutu's Wema and Vitafoam stakes exceed $300 million
Kessington Adebutu's Wema Bank stake is worth $291.27 million and his Vitafoam holding $21.08 million, built entirely on lottery money.
Vitafoam Nigeria Plc
Nigerian tycoon Samuel Bolarinde's Vitafoam stake hits $25.3 million after 747% share surge
Samuel Bolarinde's 12.03% stake in Vitafoam Nigeria is worth ₦35.16 billion, or $25.3 million, after a 747% share price surge since 2025.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, sees revenue jump to $20.8 million
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $22.8 million revenue with net profit rising to $3.3 million.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $10.16 million profit
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts record profit of N14.54 billion ($10.16 million) in 2025.
Vitafoam Nigeria, partly owned by Samuel Bolarinde, posts $55 million nine-month revenue
Vitafoam posts $55 million revenue, returns to profit, and grows assets to $38.46 million amid strong demand and West Africa expansion.
Nigerian gambling magnate's secret $4.3 million stake in foam manufacturer
Kessington Adebutu’s investment in Vitafoam and Wema Bank highlights his strategic wealth-building beyond Nigeria’s lottery empire, Premier Lotto.
Vitafoam Nigeria’s profit slumps amid naira devaluation, revenue rises 56%
Vitafoam expands ECOWAS presence with strong Sierra Leone market acceptance, overcoming local financial challenges.
Nigerian tycoon Samuel Bolarinde’s Vitafoam posts $11.2 million in profit in 2022
Bolarinde owns a 13.03-percent stake in Vitafoam.