NCAA shuts Mike Adenuga’s Globacom base in Abuja over $12.2-million debt
Globacom owes the aviation authority close to $12.2 million due to its refusal to renew expired aviation certificates.
Globacom owes the aviation authority close to $12.2 million due to its refusal to renew expired aviation certificates.
Adenuga, the founder of Nigeria’s third largest telecom services provider, Globacom, owns a 25.1-percent stake in Julius Berger.
Conoil is a Nigerian petroleum marketing company, operating under the leadership of billionaire Mike Adenuga.
Nigerian billionaires are putting their hard-earned money to work to control First Bank of Nigeria Holdings.
The Globacom founder’s net worth at the beginning of this year was valued at $6.3 billion.
The deal aims to provide high-speed broadband by satellite to underserved areas in Nigeria.
As of Sept. 24, shares in the company were trading at a record three-year high of $0.0596 per share.
Its revenue expanded from $139.63 million to $164.27 million.
The gains follow a surge in the oil marketing company’s share price.
Conoil has been a leading petroleum marketer in Nigeria since the proliferation of cars in the 1920s.