Globacom names telecom expert Ahmad Farroukh as CEO to drive operational reform
Ahmad Farroukh steps in as Globacom's CEO to lead critical reforms and address urgent subscriber challenges.
Mike Adenuga
Glo Mobile loses 43 million subscribers as Nigeria’s telecom market faces a 69-percent subscriber drop
Regulatory actions and stricter SIM identification requirements reshape Nigeria's telecom landscape.
OCI, owned by Egypt’s richest man Nassef Sawiris, to sell methanol business for $2.05 billion
The $2.05-billion deal includes U.S. and European assets and a stake in Natgasoline LLC.
Forbes list shows Globacom founder Mike Adenuga as fifth richest in Africa
In recent times, his net worth has surged to $6.9 billion from $6.1 billion in 2023, solidifying his rank as Africa’s fifth-richest and Nigeria’s second wealthiest person.
Globacom founder Mike Adenuga’s net worth rebounds sharply, nearing $7 billion
Adenuga remains among the world’s 400 richest people and one of the top five wealthiest individuals in Africa.
Globacom founder Mike Adenuga’s stake in Julius Berger gains $3.4 million
This surge solidifies Adenuga’s position among the world’s wealthiest individuals.
Nigerian billionaire Mike Adenuga’s oil firm rakes in over $140 million in revenue in 2023
Adenuga, renowned telecom mogul and one of Africa’s wealthiest billionaires, owns a 74.4-percent stake, equivalent to 516,298,603 shares, in Conoil.
Nigerian billionaire Mike Adenuga gains $16.3 million from Conoil shares
This swift increase underscores Adenuga’s adept strategic investments, propelling his total fortune to $7 billion and securing his position among the world’s wealthiest individuals.
Abdul Samad Rabiu overtakes Mike Adenuga as Nigeria’s second-richest man
Rabiu’s $7.2-billion fortune places him second in Nigeria, fifth in Africa, and 343rd globally on Forbes’ billionaires list.
Adenuga’s firm, six others get approval to distribute fuel from Aliko Dangote’s refinery
The marketers have registered for the lifting and distribution of refined petroleum products.
Mike Adenuga becomes Nigeria’s second-richest man as Forbes revalues Globacom
His net worth now stands at $7.4 billion — solidifying his position as a top figure in Africa’s business landscape.
Nigerian billionaire Mike Adenuga’s Glo faces service disruption over unpaid interconnect charges
According to the notice, the NCC has granted partial approval for the disconnection of Glo from MTN Nigeria.