Adenuga emerges Nigeria’s most outstanding business personality
02.23.2010
Tuesday, February 23, 2010

THISDAY Awards 2010,

Dr. Mike Adenuga Jnr, oil baron, bank executive and telecoms magnate, has been voted Nigeria’s most outstanding business personality in the last 50 years by THISDAY readers. In an online poll conducted by the newspaper, the chairman of Globacom polled 4272 votes to edge out Alhaji Aliko Dangote who scored 4156. Others are Paschal Dozie (3316), Michael Ibru (3073) and Subomi Balogun (2801).

http://odili.net/news/source/2010/feb/23/207.html

Adenuga etched himself on the consciousness of Nigerians when his telecoms firm, Globacom, introduced per second billing. Other operators had no choice but to follow suit. He has interests in real estate in Nigeria and around the globe, with property all over Western Europe, North America, and the Middle East.

An astute world class business expert, with worldwide business interests, Adenuga is a highly respected entrepreneur and one of the biggest employers of labour in the country.

In the last two decades, he has established a pedigree as a well-focussed and prudent manager of men and resources with the ability to successfully transform ideas and dormant businesses to highly viable enterprises.

He has founded and successfully run high-profile companies in the most lucrative sectors of the economy including telecommunications, banking, oil and gas.

His foray into banking commenced about 20 years ago when he established two banks, Devcom Merchant Band and Equitorial Trust Bank, both of which were merged to become the Equitorial Trust Bank during the consolidation exercise of 2005.

In the oil sector, he also achieved a historic feat in December 1991 by being the first Nigerian to find and produce oil in commercial quantities at the Bella field. Whereas other Nigerians who got oil blocks sold to foreigners, he took the unusual step of prospecting for oil, a capital-intensive adventure.

In 2000, he bought majority shares in the downstream oil company, National Oil, and transformed the loss-making company into a profitable business.

Now renamed Conoil Plc, the company has been paying dividends to its shareholders since its acquisition.

Adenuga became a household name following his establishment of the Glo brand and his focus on Nigeria and Nigerians as the heartbeat and driving force of the company’s competitive stance, as captured by its “Glo with Pride” and “Rule your world” slogans.

It is the opinion of many that Adenuga has infused pride in Nigerians through the achievements of Globacom and Glo Mobile, which are currently operating mobile telecoms services in three countries and gateway services in four.

The company’s Glo 1 $1 billion submarine cable with enormous bandwidth capacity and connections to over 17 countries in Africa and Europe is another landmark achievement that has deepened the pride and enhanced the image and reach of Nigeria internationally.

A true son of the soil. Omo wa ni,

Baba ni ye n, awon eleyi wo anywhere, carry dey go,

He deserves it. More grease to his elbow.

He represents the morden day business man.

He surrounds himself with the right brains.

Proud of his country and beleives in the potential of his country.

While others think its all about selling infastructures to foreigners he thinks about foreigners working for him and making projects truely Naija.

More Adenuga's are coming on the scene; well done to Chief Adenuga for being a great pioneer.

Whatever the source of this business he at least created jobs, funds sports, employed lots of Nigerian.
Nigeria Money, Nigeria Business. More greese.