5 richest industrialists on the Nigerian Exchange
Here are the five richest industrialists on the Nigerian Exchange who have made remarkable contributions to the Nigerian economy.
West & Central Africa
Currency fluctuation wipes $400 million from Dangote’s wealth in 24 hours
Dangote’s net worth had recently surged to $11.2 billion, putting him on the verge of reclaiming the title of Africa’s richest man.
Nigerian businessman Pascal Dozie’s stake in MTN Nigeria surges by $8 million
The surge in the market value of Dozie’s 1.6-percent stake in MTN Group can be attributed to renewed investor interest.
Nigerian insurance tycoon Wole Oshin gains $3 million from Custodian stake
Oshin holds a 26.81-percent stake in Custodian Investment, or 1,576,662,503 ordinary shares.
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.
Dangote’s net worth hits $11.2 billion, paving way to reclaim Africa’s richest title
The recent rebound in Dangote’s net worth is a testament to the resilient performance of his diverse business ventures amid challenging economic conditions.
5 richest bankers in Nigeria
Billionaires.Africa has identified and ranked the five richest bankers who have redefined the Nigerian financial landscape.
Alex Karp rejoins elite Black billionaires with over $2 billion in net worth
The surge in Karp’s wealth has positioned him as one of the six Black billionaires in America with fortunes exceeding $2 billion.
Nigerian tycoon Akintoye Akindele arrested over alleged fraud
As an entrepreneur, venture capitalist, and lecturer, Akindele has held significant positions in various companies across the world.
Africa’s powerhouse executive Tony Elumelu suffers $3.1-million loss in UBA stake
Despite this substantial loss, Elumelu maintains his position as one of the wealthiest investors on the local bourse and continues to be one of Nigeria’s richest businessmen.
Billionaire Abdul Samad Rabiu’s food empire shines bright with $120 million profit in H1 2023
BUA Foods, which is majority owned by Rabiu, is the unified food business segment of BUA Group.
Nigerian billionaire Mike Adenuga’s oil marketing firm nets $8.12-million profit in H1 2023
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
Aliko Dangote’s sugar empire reports $36-million loss amid naira devaluation
Dangote Sugar has also announced plans for a proposed merger with Nascon Allied Industries Plc and Dangote Rice Limited.
Ghanaian tycoon Joseph Siaw Agyepong’s group commissions $22-million wastewater treatment plant
The facility was funded by the government of Hungary.
Dangote’s cement company rakes in $230-million profit in first half of 2023
Dangote Cement’s performance and proactive approach to boosting shareholder value have continued to solidify its position as the leader in the cement industry.
Nigerian gambling magnate Kessington Adebutu suffers $6-million loss in 25 days from Wema Bank stake
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto, holds a 28.09-percent stake in Wema Bank.