Tag: Nigerian billionaire

Nigerian billionaire businessman Tony Elumelu
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Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

Nigerian billionaire Tony Elumelu shares the one crucial quality every African entrepreneur needs to build lasting institutions.

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Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

BUA Group chairman Abdul Samad Rabiu loses $3.4 billion in six weeks following a major profit-taking wave on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

Abdul Samad Rabiu lost $1.02 billion after a wave of selling on the NGX erased $2.64 billion in market value, marking the exchange's sharpest daily decline of 2026.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s richest man Strive Masiyiwa.
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Zimbabwe’s richest man Strive Masiyiwa shares lesson from failed Nigerian investment pitch

Strive Masiyiwa shares a vital lesson on investment discipline and personal satisfaction gained from a rejected telecom pitch in Nigeria.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Femi Otedola boosts his First HoldCo stake to 20.42 percent after acquiring shares valued at over $30 million at a nearly 40 percent discount.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Tony Elumelu will become chairman of Seplat Energy in January 2027, succeeding Senator Udoma Udo Udoma.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu drops as Africa’s second-richest after $2.2 billion wealth loss

Abdul Samad Rabiu falls from Africa's second-richest spot after a $2.2 billion net worth decline, with Johann Rupert reclaiming the rank.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu loses $906 million in 24 hours as BUA Cement shares slide

Abdul Samad Rabiu loses $906 million as BUA Cement shares fall, trimming gains after a strong rally and record dividend payout.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
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After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

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Nigerian billionaire Adebayo Ogunlesi.
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Over a year after Nigerian billionaire Ogunlesi joins board OpenAI weighs $1tn IPO with Citi, JPMorgan as advisers

OpenAI weighs a potential initial public offering near 1 trillion dollar valuation with Citi and JPMorgan as advisers.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
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Nigerian billionaire Aliko Dangote gains N8.4 trillion from Dangote Cement shares

Aliko Dangote’s stake in Dangote Cement gains N8.4 trillion as share rally strengthens his position as Africa’s richest man.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
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Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

BUA Cement share decline erases $1 billion from Abdul Samad Rabiu’s net worth in four days, pulling fortune back from recent highs.

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