This development comes in the wake of intense speculation and reports regarding a contentious dispute between Adenuga and the Nigerian government.
Globacom Limited
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- West & Central Africa
Nigerian billionaire Mike Adenuga in spotlight over $260-million debt and bribery allegations
Adenuga, whose net worth stands at $3.5 billion, ranks as one of Nigeria’s most prominent and wealthiest businessmen.
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Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
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Adenuga remains one of Nigeria’s and Africa’s top billionaires.
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Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
- Hot News
Nigerian billionaire Mike Adenuga’s firm ventures into cashew business, secures $65.3 million
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.
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Adenuga owns a 74.4-percent stake in Conoil.
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Adenuga is one of the world’s 500 wealthiest billionaires.
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Adenuga holds a 74.4-percent stake in the oil marketing business.
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Adenuga derives the majority of his wealth from his telecom company and his investments in the Nigerian oil industry.