Tag: Nigerian billionaire

Folorunso Alakija, Nigeria’s richest woman and philanthropist.
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Nigerian billionaire Folorunso Alakija hosts top UAE diplomats as crude prices surge

Nigerian billionaire, Folorunso Alakija, hosted senior UAE diplomats in Lagos as rising crude prices lift the profile of her $1 billion Famfa Oil.

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Nigerian billionaire businessman Tony Elumelu
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Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and stronger earnings.

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Nigerian billionaire Tony Elumelu.
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Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

Tony Elumelu received $14.45 million from Seplat Energy’s second-quarter dividend, lifting his 2026 payouts to about $35.3 million.

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Nigerian billionaire Tony Elumelu.
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After pocketing over $20 million, Tony Elumelu eyes another $14 million dividend from Seplat Energy

Tony Elumelu is due to receive $14.45 million from Seplat Energy on Aug. 28, taking his 2026 dividends to $35.3 million.

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Nigerian billionaire Femi Otedola adds $9.3 million in First HoldCo shares, targets 51%

Femi Otedola buys $9.33 million in First HoldCo shares, raising his stake to 26.6 percent as he targets 51 percent ownership.

Omokolade Ajayi Omokolade Ajayi
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Nigerian billionaire Femi Otedola’s First HoldCo stake rises to $1.27 billion after latest share purchase

Femi Otedola’s First HoldCo stake rises to $1.27 billion after a N18.11 billion share purchase lifts his ownership to 26.1 percent.

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Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $1.2 billion assets as profits surge

Abdul Samad Rabiu’s BUA Foods crosses $1.2 billion in assets while net income surges 12 percent despite softer consumer demand.

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Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu commits $85 million to ports expansion project

Nigerian billionaire Abdul Samad Rabiu is investing $85 million to expand BUA Ports in Port Harcourt, boosting logistics for BUA Foods' growth.

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Heirs Holdings
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Heirs Holdings’ portfolio companies earn international recognition across industries

Heirs Holdings companies Transcorp, AEDC, and Redtech rank among Africa's top performers as Tony Elumelu's Africapitalism model scales.

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Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

Abdul Samad Rabiu's BUA Cement reports a N324.88 billion ($238 million) half-year profit, driven by strong sales and lower finance costs in 2026.

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Nigerian billionaire Tony Elumelu
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Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Transcorp's assets rose to $797 million as retained earnings neared $144 million, strengthening its balance sheet in the first half of 2026.

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Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
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Femi Otedola-led First HoldCo posts $473 million half-year pre-tax profit

Femi Otedola-led First HoldCo posted $473.8 million in half-year pre-tax profit as stronger fee income and lower credit losses lifted earnings.

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