Nigerian billionaire Femi Otedola gains $12.7 million from stake in FBNH
FBNH is one of Nigeria’s largest financial services conglomerates.
Nigerian billionaire
Nigerian billionaire Abdul Samad Rabiu unveils $23.8-million security support fund
It is the single largest donation to a philanthropic cause made by a Nigerian businessman.
Mike Adenuga beats out Abdul Samad Rabiu to reemerge as Nigeria’s second-richest billionaire
His net worth has dropped by more than $400 million this year as Globacom’s share price sank.
Ardova dismisses winding-up order, as Femi Otedola’s Zenon serves majority shareholder petition over $6-million debt
The once promising relationship between Otedola’s Zenon and Abdulwasiu Sowami’s Prudent Energy has taken a new turn.
Nigerian billionaire Abdul Samad Rabiu and son receive $151.6 million in dividends from food business
Just three weeks ago, the Nigerian billionaire received a massive $208-million dividend from BUA Cement.
Nigerian billionaire Femi Otedola’s Zenon Petroleum takes Ardova to court over $6-million debt
The winding-up petition adds to the pressures on Ardova and its majority owner.
Nigerian billionaires Aliko Dangote, Abdul Samad Rabiu bag merit awards in Niger
The billionaires have both played an important role in the country’s economic growth.
Nigerian billionaire Abdul Samad Rabiu’s BUA Foods reports more than $90 million in profit in H1 2022
Rabiu and his son own 99.8 percent of the newly established food business.
Billionaire Femi Otedola’s Geregu Power completes $96.3-million bond issuance
Under Otedola, Geregu has grown into one of Nigeria’s largest power-generating enterprises.
Aliko Dangote loses $700 million in July amid stock market sell-off, naira slump
However, he remains one of the few billionaires who has seen impressive gains since the year began.
Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $147.7 million in profit in H1 2022
The double-digit rise in earnings was driven by increased revenue from $299.3 million to $454.1 million.
Nigerian billionaire Abdul Samad Rabiu unveils $3-million development initiative for Niger
Rabiu, Africa’s fifth-richest man, is presently worth $6.3 billion, according to Forbes.
Africa’s richest man Aliko Dangote loses $1.1 billion in two months as Dangote Cement shares fall
Dangote’s net worth is still up by $832 million this year.
Nigerian billionaire Abdul Samad Rabiu receives $208 million in dividends from cement business
Rabiu is also on track to earn another $151.66 million in dividends from his newly consolidated food business, BUA Foods.
Nigerian billionaire Aliko Dangote’s Dangote Industries completes $452-million bond issuance
The proceeds from the landmark transaction will be used to part-finance the Dangote Oil Refinery Project.
Buhari sends congrats as Abdul Samad Rabiu reappointed as head of France-Nigeria Business Council
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.