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Top 5 Richest Nigerians And Their Economic Contributions - Business - Nairaland

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Top 5 Richest Nigerians And Their Economic Contributions by Principe67(m): 2:15pm On Nov 07, 2016
1. Aliko Dangote, with a net worth of $12.3 billion is not just Nigeria’s richest but Africa's richest man, founded and chairs Dangote Cement, the continent's largest cement producer. In 2015 Dangote Cement launched new plants in Cameroon, Ethiopia, Zambia and Tanzania. The company produces more than 30 million metric tons annually, and plans to double capacity by 2018. Dangote owns about 90% of publicly-traded Dangote Cement through a holding company; this percentage exceeds the 80% ownership ceiling set by the Nigerian Stock Exchange. Other companies in the Dangote Group, which is active in 15 African countries, include publicly-traded salt, sugar and flour manufacturing companies.
2. Mike Adenuga, Nigeria's second richest man with a net worth of $6.3 billion, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second largest operator in Nigeria with 32 million subscribers; it also has operations in Ghana and the Republic of Benin. A higher estimate of Globacom's revenues led Forbes to increase the value we assign to it. His exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. He also owns real estate firm Proline Investments, which has hundreds of properties throughout Nigeria.
3. Femi Otedola is Nigeria’s third richest man with a net worth of $1.8 billion and he’s also the controlling shareholder of publicly traded Forte Oil, an oil marketing and power generation company. Originally a Nigerian subsidiary of British Petroleum (BP), Forte Oil has more than 500 gas stations across the country. It owns oil storage depots and manufactures its own line of engine oils. In 2013, Otedola led the company to purchase a government-owned stake in a gas-fired power plant in Kogi state in central Nigeria. In September 2015, Swiss commodities giant Mercuria said it would acquire a 17% stake in Forte Oil for $200 million; as of late February 2016 the transaction is not yet complete.
4. Folorunsho Alakija is the vice chair of Famfa Oil and Nigeria’s fourth richest person with a net worth of $1.76 billion, a Nigerian oil exploration company that has a 60% participating interest in block OML 127, part of the larger Agbami field, one of Nigeria's largest deepwater discoveries, about 70 miles offshore. Its partners include Chevron and Petrobras. Her first company was a fashion label that catered to Nigeria's elite women, including the wife of former military president, Ibrahim Babangida, who awarded Alakija's company an oil prospecting license. Alakija's net worth has fallen in the past year as a result of lower oil prices.
5. Theophilus Danjuma is a former Nigerian defense minister with a net worth of $750 million and he’s also the founder of oil exploration company South Atlantic Petroleum, which owns upstream assets in Nigeria, Republic of Benin, the Central African Republic and Madagascar. He serves as the company's chairman; his wife, Daisy, is vice chairman. He also owns real estate plus a stake in Notore Chemical Industries, a manufacturer of urea fertilizer, as well as a stake in NALComet, one of Nigeria's largest shipping companies. His net worth fell from a year ago due to the sustained weakness in oil prices.

Culled from www.palmchatnow.com
Re: Top 5 Richest Nigerians And Their Economic Contributions by orimsamsam(m): 2:21pm On Nov 07, 2016
2nd 3rd and 4th are afonjas.

Waiting for the Ugandans to post three own list. Or tell us how there own billionaire are saint
Re: Top 5 Richest Nigerians And Their Economic Contributions by deriod(m): 2:32pm On Nov 07, 2016
Don't you guys get tired of this list ,how is this list going to get us out of recession ?
Re: Top 5 Richest Nigerians And Their Economic Contributions by Thepasserby(m): 8:51am On Nov 08, 2016
Baba God Abeg pick my call. One day, I will Make top 3 philanthropist in Naija.

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Re: Top 5 Richest Nigerians And Their Economic Contributions by saydfact(m): 9:29am On Nov 08, 2016
Who the list epp.... Lol they've come along way and deserve the mention thou
Re: Top 5 Richest Nigerians And Their Economic Contributions by jostking: 2:31pm On Nov 08, 2016
I will make mine too. Watch out.

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Re: Top 5 Richest Nigerians And Their Economic Contributions by eezeribe(m): 5:27pm On Nov 08, 2016
orimsamsam:
2nd 3rd and 4th are afonjas.

Waiting for the Ugandans to post three own list. Or tell us how there own billionaire are saint

Their, Their
Re: Top 5 Richest Nigerians And Their Economic Contributions by eezeribe(m): 5:29pm On Nov 08, 2016
deriod:
Don't you guys get tired of this list ,how is this list going to get us out of recession ?

If you don't like the list, just ignore it.

MINDING YOUR OWN BUSINESS REQUIRES NO CAPITAL
Re: Top 5 Richest Nigerians And Their Economic Contributions by eezeribe(m): 5:29pm On Nov 08, 2016
jostking:
I will make mine too. Watch out.
Amen

2 Likes

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