The list of top 21 Richest Nigerian billionaires has been based on:
The value of their shares held in quoted companies, the size and market share of their companies, the number of companies they own and its assumed value, the market value of their company’s brand and the impact of their companies on the Nigerian economy.
Despite the harsh terrain and business challenges involved with starting a business in Nigeria; the successful entrepreneurs listed below held their ground and fought their way to the top.
In a country with a population of over 160 million inhabitants and millions of businesses; these 20 entrepreneurs diligently carved their names in the sands of time.

Check out the list below.
1. Alhaji Aliko Dangote – founder of Dangote Group, Richest man in Africa and Richest black man in the world
2. Mike Adenuga – Conoil, Equatorial Trust Bank, Globacom
3. Femi Otedola – ZENON Oil and Gas
4. Orji Uzor Kalu – Slok Group
5. Cosmos Maduka – Coscharis Group
6. Jimoh Ibrahim – Nicon Insurance, Global Flee
7. Jim Ovia – Zenith Bank, Visafone
8. Pascal Dozie – MTN Nigeria, Diamond Bank
9. Oba Otudeko – Honeywell Group Nigeria
10. Alhaji Sayyu Dantata – MRS Group
11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group
12. Prince Samuel Adedoyin – Doyin Group
13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards etc.
14. Chief Cletus Ibeto – Ibeto Group
15. Raymond Dokpesi – Daar Communication, AIT,
16. Tony Ezenna – Orange Group
17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies
18. Ifeanyi Ubah – Capital oil and gas
19. Leo Stan Ekeh – Zinox Computer
20. Fola Adeola – GTBank
21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars

There is no Tony Elumelu in that list. He is a major shareholder in Standard Chatered, later UBA Bank. He is the founder of Heirs Holdings a multi-billion dollar omni-bus conglomerate straddling the African market and the globe in Agriculture, Real Estate, Pharmaceuticals, Oil and Gas and retail trading, with one of the oustanding enterpreneural and academic foundations.

I doubt this list indeed.

The movers & shakers of Nigerian economy.

Abacha's wife isn't there on the list, she acclaimed to be certainly richer than Dangote even at her worst financial difficulty. She should think again!

Yorubas are really poor, only 9 out of 21

I thought MRS was named in the fuel subsidy wahala?

and where is Alakija?

21 billionaires


200,000,000- 21= 199,999,979

eliment: Yorubas are really poor, only 9 out of 21

Duh! 9 out of 40 million Yorubas = poverty

This is a fake list anyways

Ramnon2:

Duh! 9 out of 40 million Yorubas = poverty

This is a fake list anyways

yes! they are very poor, this list is fake.
it is not correct without the list of those igbos selling pirated CDs

eliment: yes! they are very poor, this list is fake.
it is not correct without the list of those igbos selling pirated CDs

9 Yorubas, 7 or 8 Igbos etc, all Billionaires in the midst of absolute poverty = poverty. I thought Musiwa's photo up there should have informed you of the futility of this thread. Oponu

IBO PEOPLE SHOULD HAVE DOMINATED THE LIST. THIS IS MARGINALISATION OF IBO. IBO RUNS NIGERIA ECONOMY. THIS IS CHEATING.

WHERE IS INNOSON ON THE LIST. THIS IS CHEATING

8 IBO RICH MEN MADE THE LIST...

500GP: IBO PEOPLE SHOULD HAVE DOMINATED THE LIST. THIS IS MARGINALISATION OF IBO. IBO RUNS NIGERIA ECONOMY. THIS IS CHEATING.

WHERE IS INNOSON ON THE LIST. THIS IS CHEATING

8 IBO RICH MEN MADE THE LIST...

Sarcasm

...actually wondering why innocent of innoson motors,Arthur Ezeh of Atlas groups and Emeka offor of 'chrome groups' who is also quoted in New york stock exchange and worth over 6 billion dollars,with interest in chartered Airlines and oil interest in Nigeria and oil wells in gulf of guinea and principe and Sao Tome....i cant believe the list and meanwhile Ibrahim Jimoh is a northerner from Kwara state and i still think with his level of indebtedness to banks,he should be temporarily out of that list till he becomes solvent again...though his young and intelligent,i hope he gets over this.

Season of list

where is indimi in the list

eliment: Yorubas are really poor, only 9 out of 21

There are only 6 ibos on the list, some of you should learn that there are other tribes in the SS who are on that list and are not ibo! I am surprised no Yorubas made the list?? Maybe 1?? Well, we have work to do anyway no time to rest on out oars!

Am the only JIMOH IBRAHIM from kwara,the 1 on dat list is from ondo state

eliment: Yorubas are really poor, only 9 out of 21

lol out of over 200 tribes? y do u hate us ds much? love don't cost a thing....

Where is Theophilus Danjuma ?
Where is Folurunsho Alakija ?
This list is flawed

Am surprised igbos are on the list sef, so after the war we still have very rich people, OP why not look for the top 50 list, if igbos won't dominate the list.

This is the top 30 list, I will endeavour to look for the top 50, OP cut the list to suit his tribe. Nigerian Billionaires and Top 20+ Richest People (Entrepreneurs) in Nigeria 2013
1. Alhaji Aliko Dangote – Dangote Group, (Manufacturing, oil & gas,)

2. Mike Adenuga – Conoil, Globacom (Oil & gas, Banking, Telecom)

3. Femi Otedola – Forte Oil and Gas (Oil & gas)

4. Orji Uzor Kalu – Slok Group (Aviation, Shipping, publishing, manufacturing)

5. Cosmos Maduka – Coscharis Group (Automobile, manufacturing)

6. Jimoh Ibrahim – Nicon Insurance, Global Fleet (Insurance, transportation, oil & gas)

7. Jim Ovia – Zenith Bank, Visafone (Banking, Telecom)

8. Pascal Dozie – MTN Nigeria, Diamond Bank (Banking, Telecom)

9. Oba Otudeko – Honeywell Group Nigeria, Pivotal Engineering, Airtel (Manufacturing, oil & gas, telecom)

10. Alhaji Sayyu Dantata – MRS Group (Oil & gas, construction)

11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group

12. Prince Samuel Adedoyin – Doyin Group (manufacturing, pharmaceuticals)

13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards (Insurance, Security, Technology, Food retailing)

14. Chief Cletus Ibeto – Ibeto Group (Trading, manufacturing, oil & gas)

15. Raymond Dokpesi – Daar Communication, AIT, (Entertainment)

16. Tony Ezenna – Orange Group (Pharmaceutical, oil & gas)

17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies (Automobiles)

18. Ifeanyi Ubah – Capital oil and gas (Oil & gas)

19. Leo Stan Ekeh – Zinox (Computer, technology)

20. Fola Adeola – GTBank (Banking)

21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars (Auto retailing)

22. Abdulsamad Rabiu – Bua Group (Oil & gas, manufacturing)

23. Folorunsho Alakija – Famfa Oil (Oil & gas)

24. High Chief O.B. Lulu Briggs – Moni Pulo (Oil & gas)

25. Hakeem Bello Osagie – Etisalat Nigeria (Telecom)

26.  Sani Bello – Amni Petroleum (Oil & gas)

27.  Mohammed Indimi – Oriental Petroleum (Oil & gas)

28. Sir Emeka Offor – Chrome Group (Oil & gas, marine)

29.  Chief Arthur Eze – Atlas Oranto Petroleum (Oil & gas)

30. Vincent Amaechi Obianodo – Young Shall Grow Motors, RockView Hotels (Transportation, hotels). www.mytopbusinessideas.com/richest-people-in-nigeria/

Op list was 2013, above is 2014 list.

musiwa93: 21 billionaires


200,000,000- 21= 199,999,979

A country pace is measured by the the guy behind the race?

Sloan: There are only 6 ibos on the list, some of you should learn that there are other tribes in the SS who are on that list and are not ibo! I am surprised no Yorubas made the list?? Maybe 1?? Well, we have work to do anyway no time to rest on out oars!

all those on his list are fro the core igbo states.

Sloan: There are only 6 ibos on the list, some of you should learn that there are other tribes in the SS who are on that list and are not ibo! I am surprised no Yorubas made the list?? Maybe 1?? Well, we have work to do anyway no time to rest on out oars!

all those on his list are from the core igbo states.

Money money money.. money must be made. I am on the list someday