Dangote’s salt-processing company surpasses $70-million revenue mark in 9M-2023
As the majority shareholder of Nascon Allied Industries, Dangote’s stake in the salt and seasoning processing company is now worth $117 million.
Nigerian billionaire
Nigerian billionaire Femi Otedola makes $250 million in eight days
With Geregu Power’s impressive performance and Otedola’s rising fortunes, the company solidifies its position as a key player in Nigeria’s energy sector.
Adebayo Ogunlesi: Nigerian billionaire whose firm owns London’s Gatwick Airport
Ogunlesi’s journey from the streets of Nigeria to the skyscrapers of New York is nothing short of extraordinary.
Nigerian billionaire Mike Adenuga’s oil firm records $175 million in 9M revenue
Nigerian billionaire Mike Adenuga’s leadership marks continued success for petroleum marketing company Conoil Plc.
Cement empire of Nigeria’s second-richest man surpasses $420 million in 9M revenue
This underscores the financial success of BUA Cement under Rabiu, a prominent industrialist who has solidified his standing as Nigeria’s second-richest man.
Nigerian billionaire Femi Otedola donates $1 million to Augustine University students
The donation will cover the tuition fees of 750 students.
Nigerian billionaire Mike Adenuga-linked Julius Berger posts revenue exceeding $410 million
Belinda Ajoke Disu, Adenuga’s daughter, serves on the board of Julius Berger, bringing a strong link between the telecom mogul and the group.
Bank linked to Nigerian billionaire Femi Otedola rakes in $290 million in profit
As a top shareholder in the Lagos-based lender, Femi Otedola stands to benefit from FBNH’s impressive financial performance.
Aliko Dangote’s cement empire achieves 9-month profit exceeding $340 million
Dangote Cement’s remarkable financial performance and ability to sustain profit growth solidify its position as a top player in the African cement industry.
Nigerian billionaire Femi Otedola makes $171 million in 72 hours
Otedola’s stake in Geregu Power is now worth $1.15 billion, further solidifying his status as one of the continent’s most affluent businessmen.
IEA forecasts Aliko Dangote’s refinery to fuel decade-long surge in African oil demand
Reports had indicated that Aliko Dangote was nearing a significant milestone as the Dangote Oil Refinery prepared to receive its first crude oil cargo in October.
Africa’s richest man Aliko Dangote no longer among world’s top 100 billionaires
Currently, with a net worth of $15.8 billion, Dangote is positioned as the 107th wealthiest individual globally.
Nigerian billionaire Tony Elumelu’s Heirs Oil & Gas rebrands
Heirs Energies is a subsidiary of Heirs Holdings, an investment company that manages Elumelu’s and his family’s wealth.
Nigeria’s second-richest man Abdul Samad Rabiu joins world’s 400 richest billionaires
Since he returned to the coveted list of the world’s 500 wealthiest billionaires on Sept. 18, Rabiu has seen his net worth soar by $800 million.
Nigerian billionaire Femi Otedola’s power company posts revenue exceeding $70 million in 9 months
Under Otedola’s leadership, the leading power-generating company has excelled across all its segments.
Africa’s richest man Aliko Dangote’s sugar firm to boost production to 1.5 million tonnes
Dangote Sugar Refinery currently boasts a refining capacity of 1.44 million metric tonnes, making it Nigeria’s largest household and commercial sugar producer.