Nigerian tycoon Samuel Bolarinde’s Vitafoam posts $11.2 million in profit in 2022
Bolarinde owns a 13.03-percent stake in Vitafoam.
West & Central Africa
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $168.4 million in profit in 9M 2022
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
Nigerian billionaire Mike Adenuga receives $3.1 million in dividends from oil company
Adenuga owns 74.4 percent of Conoil.
Nigerian banker Herbert Wigwe’s Access Holdings posts $312 million in profit in 9M 2022
Wigwe owns a significant 4.27-percent stake in Access Holdings.
Nigerian aviation tycoon Sam Iwuajoku’s ExecuJet bags partnership deal with Gulfstream
Iwuajoku controls ExecuJet in Nigeria.
Africa’s richest man Aliko Dangote’s cement firm posts $486-million profit as energy costs rise
Dangote Cement is finding it hard to outdo its performance last year.
Femi Otedola-linked FBNH posts triple-digit earnings growth as profit exceeds $200 million
Otedola owns a substantial 5.57 percent of First Bank of Nigeria Holdings.
Africa’s richest man Aliko Dangote’s net worth slumps by $200 million in October
Aliko Dangote is the world’s richest Black person.
Nigerian energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Orjiako and Avuru own a 6.43-percent and 8.2-percent stake in Seplat Energy, respectively.
Nigerian banking magnate Jim Ovia’s Zenith Bank posts $399 million in profit in 9M 2022
Ovia owns 16.2 percent of Zenith Bank.
American-Nigerian telecom tycoon Sam Darwish’s IHS Holding to spend $214 million to cut carbon footprint
Darwish owns 3.5 percent of the telecom infrastructure company.
Energy mogul Bryant Orjiako’s Seplat posts more than $70 million in profit amid surge in oil prices
Orjiako owns a 6.43 percent stake in Seplat Energy.
Nigerian banker Herbert Wigwe’s Access Holdings to acquire stake in Sigma Pensions
Wigwe owns a significant 4.27-percent stake in Access Holdings.
Segun Agbaje-led GTCO reports slight rise in earnings as profit nears $300 million in 9M 2022
Earnings during the first nine months of 2022 were significantly impacted by rising operating costs and tax obligations.
Abdul Samad Rabiu overtakes Mike Adenuga to reemerge as Nigeria’s second-richest billionaire
Rabiu’s net worth has recently risen above $5.6 billion.
Nigerian billionaire Tony Elumelu’s UBA posts $265.6 million in profit in 9M 2022
Elumelu owns a sizable 6.39-percent stake in the financial services group.