Tag: Nigerian billionaire

Nigerian billionaire businessman Tony Elumelu.
Hot NewsBillionairesBusiness

Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

Nigerian billionaire Tony Elumelu joins Seplat Energy board as non-executive director as stake value rises above $1 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

Femi Otedola plans a $100 million stake in Dangote Refinery, reallocating capital from his $750 million Geregu Power exit into Nigeria’s energy sector shift.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA Cement shares.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
LuxuryHot News

Nigerian billionaire Femi Otedola acquires $71 million London mansion

Femi Otedola acquires a $71.2 million mansion in St John’s Wood, London, as Nigerian billionaires deepen luxury property exposure in the UK.

Timilehin Adejumobi Timilehin Adejumobi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

Nigerian billionaire Abdul Samad Rabiu reaches $15.8 billion net worth, becoming Africa’s second-richest as BUA Cement shares rally.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu’s Seplat stake tops $1 billion on share rally

Tony Elumelu’s Seplat stake tops $1 billion as shares surge, boosting valuation and reinforcing his influence in Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion ($1.95 billion) in a week as BUA Cement shares rally on strong earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessBillionairesHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth hits $14 billion

Abdul Samad Rabiu’s net worth rises to $14 billion as gains in BUA Cement and BUA Foods strengthen his position among Africa’s richest billionaires.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since the beginning of 2026.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $130 million profit in Q1 2026

BUA Cement reports stronger Q1 2026 earnings, with profit rising to $130 million on higher sales volumes and steady demand.

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

Femi Otedola’s 18.12 percent stake in First HoldCo nears $500 million as shares rally, lifting confidence in First Bank’s parent company.

Omokolade Ajayi Omokolade Ajayi