Sam Darwish’s IHS Holding stake gains $7.4 million in 13 days
The double-digit rise in the shares of IHS Holdings has added $7.4 million to the market value of Darwish’s stake in the last 13 days.
The double-digit rise in the shares of IHS Holdings has added $7.4 million to the market value of Darwish’s stake in the last 13 days.
In addition to the Ikoyi hotel development, Transcorp Hotels is nearing completion of a state-of-the-art event center with a 5,000-person capacity, slated for inauguration in August.
Ovia, who holds a 16.18-percent stake in Zenith Bank, equivalent to 5,072,104,311 shares, stands to receive N17,752,365,089 ($12,771,215).
As the majority owner of NASCON, Dangote’s stake in the salt and seasoning processing company is worth over $74 million.
Revenue growth was fueled by a significant increase in sugar sales. the strong performance expands its lead as Nigeria’s top food conglomerate.
This strategic shift positions Zenith Bank to adapt and thrive in the ever-evolving financial services ecosystem, solidifying its position as a leader in innovation and value creation.
With Ovia in charge, the fund aims to remove financial barriers hindering students’ educational ambitions.
Revenue for the first three months of 2024 climbed to N79.16 billion ($62.6 million), up from N30.78 billion ($23.83 million) in the prior-year period.
In the first quarter of 2024, Dangote Cement’s Nigerian operations shipped a total of 178,000 tonnes of clinker to Cameroon and Ghana.
A financial services group with total assets of $4 billion as of Dec. 31, 2023, Stanbic IBTC ranks among the top 15 most valuable companies on the Nigerian Exchange.
Despite this setback, Ovia retains his status as Nigeria’s richest banker, underscoring his success as a leading businessman in the nation.
Group revenue from cement, clinker, and other products surged 100 percent year-over-year, reaching N817.35 billion ($659.3 million).
In a post-meeting interaction, Aig-Imoukhuede reaffirmed the group’s commitment to industry recapitalization and delivering consistent returns to shareholders.
Following a successful delisting, the board intends to seek shareholder authorization to list the company’s shares on the NASD OTC Securities Exchange.
In recent times, the market value of Coumantaros’ stake in Flour Mills has decreased by $6.91 million, falling from $70.74 million on April 12 to $63.83 million.
Ranked as Nigeria’s third-richest person and Africa’s sixth by Forbes, Rabiu has recently experienced a notable drop in his wealth figures.