Afreximbank’s FEDA completes acquisition of 5 percent stake in Femi Otedola’s Geregu Power
Geregu Power is a power-generating company.
Nigerian billionaire
Egyptian billionaire Nassef Sawiris overtakes Abdul Samad Rabiu as Africa’s fourth-richest man
Since the start of the year, Sawiris’ net worth has risen by $200 million.
Africa’s richest man Aliko Dangote’s wealth grows by $541 million despite Nigeria’s cash woes
Dangote’s net worth now stands at $19.2 billion.
Nigerian billionaire Mike Adenuga’s firm ventures into cashew business, secures $65.3 million
Adenuga holds a 25.1-percent stake in Julius Berger through his company Goldstones Estates Limited.
Top 5 African billionaires add $3.05 billion to their wealth in just 45 days
They have gained $3.052 billion in net worth since the start of the year.
Nigerian auto magnate Innocent Chukwuma’s Innoson to sell vehicles to Jamaica
IVM was established in 2007.
Femi Otedola’s siblings, Ayokunle and Rotimi, invest over $3.6 million in Geregu Power shares
Ayokunle and Rotimi Otedola are siblings of billionaire Femi Otedola.
Africa’s richest man Aliko Dangote has now gained $411 million so far in 2023
Dangote derives most of his wealth from an 86-percent stake in Dangote Cement.
Nigerian billionaire Abdul Samad Rabiu’s BUA Group flags off $252-million highway project
BUA Group is a leading infrastructure conglomerate.
Nigerian billionaire Femi Otedola’s Geregu Power gains $380 million in 37 days
The majority of the power-generating company is controlled by Otedola.
A $100,000 investment in Femi Otedola’s Geregu Power four months ago is now worth $219,000
Geregu Power is a top-performing power-generating company.
Aliko Dangote’s cement company, Sinoma join forces to build groundbreaking cement plant
Aliko Dangote is the founder and chairman of Dangote Group, a leading conglomerate with interests in various sectors.
Nigerian billionaire Aliko Dangote reigns as Africa’s richest man for 12 consecutive years
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
Nigerian billionaire Mike Adenuga’s Conoil posts $13.5 million in profit in 2022
Conoil is a petroleum marketing firm.
Nigerian billionaire Abdul Samad Rabiu’s food conglomerate achieves milestone with $195-million profit
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Nigerian billionaire Femi Otedola’s Geregu Power surpasses $800-million market cap on NGX
Geregu Power is a power-generating company.