Nigerian billionaire Mike Adenuga’s stake in Conoil soars by $59.7 million
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
Adenuga controls a majority stake of 74.4 percent in Conoil.
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.
Adenuga remains one of Nigeria’s and Africa’s top billionaires.
This follows allegations made against Conoil in March 2022 by a group of local oil contractors.
Despite recent wealth decline, Adenuga’s net worth is up $500 million YTD.
Adenuga is the founder of leading telecom service provider Globacom.
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.
Conoil is a petroleum marketing firm.
Disu is the daughter of Nigerian billionaire Mike Adenuga.
Adenuga owns a 74.4-percent stake in Conoil.
He remains Nigeria’s second-richest man.
Adenuga holds a majority stake in the oil marketing business.
Nigerian billionaire Mike Adenuga owns a Bombardier Global Express XRS and a Bombardier Challenger 604 aircraft.
Adenuga is one of the world’s 500 wealthiest billionaires.