In this year 2024, the wealth of global billionaires has seen a skyrocketing growth, and among these financial titans stands Nigerian visionary Mike Adenuga. Known to helm Nigeria’s second-largest telecommunications services provider, Adenuga has climbed the ranks to secure the fifth spot among Africa’s richest men as per Forbes’ annual ranking.
Fémi Adéola
Nigeria: Tinubu administration seeks to nearly triple electricity prices in Band A
The energy landscape of Nigeria is undergoing a major upheaval with the announcement by the government led by President Bola Tinubu of a significant increase in electricity tariffs for consumers in Band A. This decision, taken in the context of persistent challenges in energy supply, has elicited various reactions within the Nigerian population.
The net worth of billionaire Mike Adenuga rebounds strongly
The Nigerian financial landscape has seen notable fluctuations recently, and among the figures emerging amidst this turmoil is Mike Adenuga, the business tycoon and founder of Globacom. After a period of volatility that saw his net worth plummet to $6 billion due to the country’s economic challenges, Adenuga has recently witnessed his fortune bounce back spectacularly, now approaching the $7 billion mark.
A Dangote truck driver arrested for fatally running over a woman in Lagos
A tragic accident shakes the streets of Lagos: a Dangote truck driver arrested for fatally running over a woman in Lagos. The events leading to this loss of life were recounted by Adebayo Taofiq, Director of the Public Affairs and Education Department of the Lagos State Traffic Management Authority (LASTMA), in a recently released statement.
Billionaire Tony Elumelu offer over $5 million to 1,000 other entrepreneurs through his foundation
Tony Elumelu, a cornerstone of African entrepreneurship, once again demonstrates his commitment to empowering young entrepreneurs across the continent. Through the Tony Elumelu Foundation (TEF), the Nigerian businessman has recently allocated over $5 million in seed capital to more than 1,000 African entrepreneurs from the continent’s 54 countries. This initiative, enthusiastically announced by Elumelu on … Read more
Dangote's fortune surges to over $15 Billion after Naira rise
The resurgence of the Nigerian naira on both official and parallel exchange markets is accompanied by a remarkable resurgence in the fortune of Aliko Dangote, the most successful businessman on the African continent. According to the latest figures from the Bloomberg Billionaires Index, Dangote’s net worth has surpassed the $15 billion mark.
Mike Adenuga earns over $3.4 million through his stake in Julius Berger
Mike Adenuga, the founder and visionary behind Globacom, one of Nigeria’s leading telecommunications service providers, is witnessing an exponential increase in his wealth through his investment in Julius Berger, the construction giant in Nigeria. Indeed, according to data reported by Billionaires.Africa, the value of his stake in Julius Berger has soared dramatically, reaching over $3.4 million within just eight days.
Nigeria: Nnamdi Kanu faces another legal setback
The Federal High Court sitting in Abuja on Tuesday rejected the fresh bail application filed by the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, seeking to be released on bail pending the determination of the charges against him by the Nigerian government. Instead, Justice Binta Nyako ordered an accelerated hearing on the seven charges leveled against him by the government.
Series of kidnappings in Nigeria: The United Nations calls for action
Recent waves of mass kidnappings in Nigeria have raised serious concerns within the United Nations, which called on Friday for thorough investigations to ensure that those responsible are brought to justice. These kidnappings, which have affected hundreds of children and others, have been carried out by criminal gangs primarily operating in the northwest of the country, targeting schools, villages, and highways to quickly abduct large numbers of people for ransom.
Cement price hike: Billionaires Dangote and Rabiu to be summoned by legislators soon
The recent surge in cement prices in Nigeria has sparked outrage among federal legislators, who have summoned some of the industry’s leading tycoons to account for this steep increase. Among those summoned are iconic figures such as Africa’s richest businessman, Aliko Dangote, and prominent entrepreneur Rabiu Abdulsamad.