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Julius Berger, the renowned construction giant partly owned by Nigerian billionaire Mike Adenuga, has officially handed over the N336 billion ($425.6 million)…
Step into the world of Nigeria’s elite oil magnates.
Adenuga’s resilience led to vast philanthropy, impacting the lives of underprivileged Nigerians.
With a net worth of $3.3 billion, Adenuga holds the title of the third-richest billionaire in Nigeria.
Leading the ranks on the Nigerian Exchange are iconic figures like Aliko Dangote, Femi Otedola, and Abdul Samad Rabiu.
Nigerian billionaire Mike Adenuga’s leadership marks continued success for petroleum marketing company Conoil Plc.
Belinda Ajoke Disu, Adenuga’s daughter, serves on the board of Julius Berger, bringing a strong link between the telecom mogul and the group.
This development comes in the wake of intense speculation and reports regarding a contentious dispute between Adenuga and the Nigerian government.
Led by the visionary Mike Adenuga, Conoil has firmly established its dominance in Nigeria’s petroleum marketing arena.
Under the astute leadership of Adenuga, Conoil has solidified its position as a dominant force in Nigeria’s petroleum marketing industry.
Adenuga, whose net worth stands at $3.5 billion, ranks as one of Nigeria’s most prominent and wealthiest businessmen.
Despite this setback, Adenuga stands as one of the wealthiest billionaires not only in Nigeria but on the African continent.
Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.