Nigerian billionaire Femi Otedola’s Geregu Power surpasses N2-trillion milestone
Geregu Power’s exceptional financial performance has solidified its position as one of Nigeria’s most profitable entities.
Geregu Power’s exceptional financial performance has solidified its position as one of Nigeria’s most profitable entities.
Trafigura Group, a multinational commodity trading company headquartered in Singapore, has been awarded the contract for the inaugural shipment.
The announcement, made by the board of directors 24 hours after confirming Wigwe’s demise, is contingent upon the approval of the Central Bank of Nigeria.
Under the groundbreaking move, Airtel Nigeria has committed to securing 3,950 tenancies over the next five years.
From transforming Access Bank into Access Holdings to visionary ventures like Tengen Holdings, HOW Foundation, and the upcoming Wigwe University.
The dividend solidifies Otedola’s position among Nigeria’s top dividend earners and adds another financial milestone to his already impressive portfolio.
The groundbreaking collaboration sets the stage for a three-year program aimed at harnessing Africa’s substantial reserves of critical minerals.
Oshin is not only the largest shareholder in the Lagos-based investment group but also ranks among Nigeria’s wealthiest investors.
Kwairanga said the Dangote Oil Refinery and Dangote Fertilizer Company are slated for listing on the exchange imminently.
Agyepong highlighted that the venture into agriculture was initially propelled by a dedication to making a positive impact rather than purely financial motives.
Afolabi emphasized the consortium’s commitment to leveraging its track record of success in revitalizing enterprises for growth and profitability.
The surge in revenue is linked to the heightened sales of ethical products, including infusions, capsules, and tablets.
The initiative comes on the heels of Jospong Group’s recent $1-billion deal with Indian carbon credit developer EKI Energy Services.
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
Ranked as the sixth-richest Black billionaire in the U.S., Karp trails behind Robert F. Smith, David Steward, Michael Jordan, Jay-Z, and Oprah Winfrey.
According to Forbes, Rabiu’s net worth, which soared to $8.4 billion in January 2024, dropped to $5.7 billion.