Billionaires.Africa Ranking: The 20 richest investors on the Nigerian Stock Exchange (NGX)
These UHNWIs have amassed staggering wealth through their positions in their own and other companies.
West & Central Africa
Africa’s wealthiest billionaire Aliko Dangote earns $700 million in 34 days
Bloomberg revealed that his wealth rose from $16.7 billion to $17.40 billion from June 1 to July 5.
Nigerian tycoon Obafoluke Otudeko in distress as Ecobank hunts for assets
Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
James Mwangi’s Equity Group Foundation commits $787,401 to support healthcare workers in Kenya
COVID-19 has caused Kenyan healthcare workers to experience mental stress in the line of duty.
Kevin Okyere’s Springfield triumphs over Italian major ENI in court ruling over disputed oilfield revenues
Okyere welcomed the ruling as a “vindication of Springfield’s position.”
French investor Thierry Deau’s Meridiam signs $179-million hydropower-plant deal with Gabon
Meridiam is a global investment and asset management company founded in 2005.
Laurin Hainy’s fintech startup FairMoney raises $42-million Series-B round
This follows an $11.8-million Series-A round raised in 2019 and a $1.4-million seed fund raised in 2018.
Tony Elumelu’s stake in Transcorp Plc gains $224,993 in 93 days
Elumelu is the chairman of Heirs Holdings, the United Bank for Africa and Transcorp.
Nigerian billionaire Abdul Samad Rabiu gifts $4.9-million share bonus to employees
Rabiu is donating the shares from his own stake to acknowledge workers who kept BUA Cement profitable in 2020.
Tycoon philanthropist Tony Elumelu looks to build Nigeria’s first nuclear power plants
The move aligns with the plans of his company, Transcorp, to boost its integrated energy strategy.
Multichoice loses $578.69 million after acquiring additional stake in Adekunle Adeniji’s BetKing
Multichoice Group offered $281.5 million for the stake in BetKing.
Jim Ovia’s Zenith Bank retains spot as Nigeria’s top tier-1 capital bank
Zenith topped the list of Nigerian banks in a global ranking published by The Banker Magazine.
Ukrainian tech investor Anton Volyansky’s classifieds marketplace, Jiji, acquires Cars45
The move will grant the company entry into transactional marketplaces.
Greek-Nigerian mogul John Coumantaros to pocket $10.43 million in dividends from Flour Mills of Nigeria
The company is Nigeria’s market leader in flour marketing and production.
BUA Group Chairman Abdul Samad Rabiu made first president of France-Nigeria Business Council
French President Emmanuel Macron inaugurated the council on the sidelines of the Choose France Summit in Versailles.
Billionaire industrialist Abdul Samad Rabiu sells shares in BUA Cement worth $4.69 million in May
Rabiu sold 27,130,000 shares held indirectly through BUA International between May 10 and 17.