5 companies owned by Nigerian energy magnate Austin Avuru
Billionaires.Africa has cataloged companies owned by and linked to Avuru. Here are five companies under his direct or indirect ownership.
Nigerian businessman
Nigeria’s richest banker, Jim Ovia’s gains $17 million in a single week from Zenith Bank stake
Ovia owns a 16.2-percent stake in Zenith Bank, which translates to a total of 5,072,104,311 ordinary shares.
One of Nigeria’s richest bankers, Herbert Wigwe rakes in $2.7 million in 19 days
Wigwe holds a substantial 9.09-percent stake in the lender, equating to 3,230,789,014 ordinary shares.
Nigerian oil tycoon Wale Tinubu’s Oando to acquire Italian-owned NAOC
Tinubu emphasized that this announcement underscores the indispensable role played by indigenous companies in Nigeria’s upstream sector.
Tony Elumelu to co-chair G20 business council in India
Elumelu joins a prestigious group of 38 private sector leaders accompanying Nigerian President Bola Ahmed Tinubu to the Nigeria-India presidential roundtable.
Nigerian businessman Tony Elumelu gains $3 million in 32 days from UBA stake
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint to acquire Kenyan payment firm
Moniepoint Inc., originally founded as Apt Inc. by Eniolorunda in 2015, has rapidly evolved into a powerhouse within the fintech realm.
7 assets owned by Nigerian multimillionaire Ernest Azudialu-Obiejesi
Azudialu-Obiejesi is a towering figure in the nation’s energy landscape.
Nigerian businessman Pascal Dozie’s stake in MTN Nigeria surges by $8 million
The surge in the market value of Dozie’s 1.6-percent stake in MTN Group can be attributed to renewed investor interest.
Africa’s powerhouse executive Tony Elumelu suffers $3.1-million loss in UBA stake
Despite this substantial loss, Elumelu maintains his position as one of the wealthiest investors on the local bourse and continues to be one of Nigeria’s richest businessmen.
Nigerian gambling magnate Kessington Adebutu suffers $6-million loss in 25 days from Wema Bank stake
Adebutu, the founder and CEO of Nigeria’s oldest and leading gaming company, Premier Lotto, holds a 28.09-percent stake in Wema Bank.
Nigerian businessman Atedo Peterside gains $2.6 million from Stanbic IBTC stake
Peterside, a key figure in the Nigerian banking industry, holds a significant 1.14-percent stake in Stanbic IBTC.
Nigerian businessman Tony Elumelu gains nearly $4.3 million in single day from UBA stake
Elumelu holds a substantial 7.17-percent stake in UBA, equivalent to 2,450,603,739 ordinary shares with a market value of $47 million.
Nigerian tycoon Wole Oshin loses $1.2 million in one week from stake in Custodian Investment
As the company’s largest shareholder, Oshin holds a 26.81-percent stake in Custodian Investment.
GIPLC disburses funds raised at Igho Sanomi charity event for sick children
Sanomi, a prominent Nigerian business leader, is recognized not only for his success but also for his philanthropy.
Nigeria’s richest banker Jim Ovia reaps $21.9 million in 26 days from Zenith Bank stake
Ovia’s 16.2-percent stake in Zenith Bank, comprising 5,072,104,311 ordinary shares, accounts for the majority of his fortune.