Despite this setback, Adenuga stands as one of the wealthiest billionaires not only in Nigeria but on the African continent.
Mike Adenuga
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Adenuga’s journey began humbly, earning his first million at the age of 26 selling lace and distributing soft drinks.
- West & Central Africa
Nigerian billionaire Mike Adenuga’s oil marketing firm nets $8.12-million profit in H1 2023
Adenuga maintains a majority stake of 74.4 percent, or 516,298,603 shares, in the oil marketing business.
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Adenuga, one of Africa’s richest billionaires, owns a majority stake of 74.4 percent in Conoil Plc.
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Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
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Adenuga holds a majority 74.4-percent stake in the company, solidifying his position as a leading investor on the Nigerian Exchange.
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Adenuga controls a majority stake of 74.4 percent in Conoil.
- West & Central Africa
Nigerian billionaire Mike Adenuga strikes gold as Conoil stake skyrockets by $24 million
Adenuga has seen an impressive surge in his Conoil stake, solidifying his position among Africa’s wealthiest businessmen.
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Adenuga’s minority shareholding in Transcorp is now worth $2.05 million.
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Adenuga remains one of Nigeria’s and Africa’s top billionaires.