Conoil made N75bn turnover in 6 months
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Mike Adenuga: Celebrating Nigeria’s Oil Sheikh
Adenuga took the big risk when he was allocated oil blocks in 1990 by the Federal Government in a bold effort to encourage indigenous participation in oil exploration. The vogue then was for those who were privileged to receive allocations to quickly trade them off with oil majors, collect their money and sprint to Europe and America to enjoy life to the fullest, thereby defeating the noble ideals of government to keep the wealth of the nation within the nation. They were not ready for the professional gambling called exploration and production of crude oil.
They would rather leave it to the oil majors that have the finance, the expertise and technology required for this intricate business. They maintained that any local entrepreneur going into exploration was committing business suicide. Adenuga is, however, not the type to be intimidated by the fear of losing his huge deposits on investment, neither is he the type that follows trends blindly because of its short-term gains http://www.tribune.com.ng/28082008/general1.html

Who is Globacom’s Mike Adenuga?
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Glo unveils new theme campaign
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Awujale lauds Adenuga at ‘Ojude Oba’
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The paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona, has commended the Chairman, Globacom Limited, Dr Mike Adenuga Jnr, for being an agent of positive change who has affected all facets of life in Nigeria.


Oba Adetona gave the commendation at this year's Ojude Oba Festival entitled "Ojude Oba: Raising the bar to achieve excellence" which was sponsored by Globacom.


He described Adenuga as a Nigerian who has put the nation on the world map as a result of his doggedness, industry and business accomplishments.


Said he: “Through Adenuga, thousands of jobless people now have means of sustenance. He has greatly enhanced the economy of the nation through his business ventures which have grown and extended to other parts of the world. Globacom has become the leader in the telecoms market in Nigeria.”


“The company's sponsorship of the event has made it an enviable tourists' delight which attracts people from all walks of life and from other parts of the country,” the monarch added.