₦airaland Forum

SangoOlukosoOba:
Davido not on the list.

MC Oluomo too

Davidos 30billion naira is about 73 million dollars so he wouldn't be on this list.

Nigeria is the 6th most populous country globally, with an estimated population of 206 million. This vast population is one of the biggest factors for her Economy and is undoubtedly why there are many rich individuals.
Nigeria is also blessed with enormous natural wealth and resources. As you will see down this list, some men made their wealth on crude oil business and other natural resources.
Below is a list of the top 10 richest men in Nigeria currently making waves in the country and the world.

10. Hajia Bola Shagaya - Net worth of $950 million
The 10th person in our list of the top 10 richest men in Nigeria is Hajia Bola Muinat Shagaya. Hajia Bola Muinat Shagaya is the 2nd richest woman in Nigeria and the 10th richest person in Nigeria.
Hajia Bola Shagaya's current net worth is estimated to be around $950 million, and at this networth, she is clearly the 10th richest person in Nigeria.
Hajia Bola Muinat Shagaya is a Nigerian business mogul and fashion enthusiast. Bola Shagaya is the founder and CEO of Bolmus Group International, a conglomerate with holdings in real estate, oil and gas, banking and photography.

9. Jim James Ovia - Net worth of $980 million
The no 9th in our list of the top ten richest men in Nigeria is Jim James Ovia. Jim James Ovia is the 8th richest man in Nigeria, with an estimated net worth of around 980 million US dollars.
Following the deregulation of the banking sector during Babangida’s administration in the late 1980s, Jim Ovia, alongside some investors, started Zenith Bank in 1990.
Jim Ovia also founded Visafone Communications Limited, a Nigerian wireless network provider, in 2007.
The company was later acquired by MTN, a leading telecommunications company in Africa, in 2015. Before the acquisition, Visafone had more than 3million subscribers.

8. Orji Uzor Kalu - Net worth of $1 billion
No. 8 on the list of the top 10 richest men in Nigeria is Orji Uzor Kalu. Orji Uzor Kalu is the 7th richest man in Nigeria, with an estimated net worth of around 1 billion US dollars.
Orji Uzor Kalu is one of Nigeria's richest men thanks to his political aspirations investments in Oil and Gas resources and media. Orji Uzor Kalu is a philanthropist, a businessman and a politician. Orji Uzor Kalu is currently a Senator of the Federal Republic of Nigeria, representing Abia North Senatorial zone.
Orji Uzor Kalu was a presidential candidate in 2007, a two-time governor of Abia State (1999-2007) and was a member of the House of Rep in 1991.
Orji Uzor Kalu is the founder of Slok Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media.

7. Jimoh Ibrahim - Net Worth of $1 billion
The no 7 in our list of the top 10 richest men in Nigeria is Jimoh Ibrahim. Jimoh Ibrahim 6th richest man in Nigeria, with an estimated net worth of around 1 billion US dollars.
During Jimoh’s undergraduate days, he proposed to organise seminars on law for all local governments in Nigeria so they could learn to make their own laws. This move came after he discovered that only the federal and state governments had laws.
Sources have it that he made a lot of money from conducting the seminars across all local governments in Nigeria. He also organised several workshops in his field for top government officials who earned him good money. Jimoh Ibrahim also worked with the International Monetary Fund (IMF) as a tax consultant and was among the Harvard team that championed the tax reforms in Bangladesh.
Jimoh Ibrahim is an astute investor who has investments in several industries; the oil and gas industry, hospitality industry, aviation industry, banking industry, real estate sector, insurance industry, publishing and media industry.

6. Uzoma Dozie - Net worth of $1 billion
The no 6 in our list of the top 10 richest men in Nigeria is Uzoma Dozie. Uzoma Dozie is Nigeria's 5th richest man with an estimated net worth of around 1 billion US dollars.
Pascal Dozie began his career as an economist at theNational Economic Development Office in the United Kingdom. He was also a part-time lecturer at the North-Western Polytechnic, London. Between 1970 and 1971, he served as a consulting economist at African States Consulting Organisation in Uganda.
In 1985, he was appointed Chairman of Progress Bank, which is defunct. Later that same year, Dozie applied for a banking license to help traders in South-Eastern Nigeria face banking issues. This brought about the birth of Diamond Bank.
In 1990, he satisfied the terms of the Central Bank of Nigeria to operate a standard bank, and in 1991 the bank began operations. He was CEO of Diamond Bank from 1991 to 2006 when he handed over to his son Uzoma Dozie.
Dozie was also a one time President of the Nigerian Stock Exchange. He currently owns shares in MTN Group and is Chairman of the company.

5. Folorunsho Alakija - Net worth of $1billion
The no 5 in our list of the top ten richest men in Nigeria is Folorunsho Alakija.
Folorunsho is also the richest woman in Nigeria and the 5th richest person in the country, with an estimated net worth of around 1 billion U.S dollars.
Folorunsho Alakija is heavily invested in the country's oil and gas sector. She is an entrepreneur and billionaire businesswoman. She is the executive vice-chairman of FAMFA Oil Ltd and Managing Director of Rose of Sharon Group.

4. Femi Otedola - Net worth of $1.8 billion
Our no 4th on the list is no other person than Femi Otedola. Femi Otedola is the 4th richest man in Nigeria, with a networth of around $1.8 billion.
Nigerian businessman, philanthropist, and former chairman of Forte Oil PLC, an importer of fuel products.
Femi Otedola is the founder of Zenon Petroleum and Gas Ltd and the owner of several other businesses across shipping, real estate and finance. He has recently invested in power generation as part of the liberalisation of the sector in Nigeria.

3. Abdulsamad Rabiu - Net worth of $3.2 billion
Abdulsamad Rabiu is the third richest man in Nigeria, with a net worth of around 3.2 billion US dollars.
Abdul Samad Rabiu established BUA International Limited in 1988 for the sole purpose of commodity trading. The company imported rice, edible oil, flour, and iron and steel. By 2008, BUA had broken an eight-year monopoly in the Nigerian sugar industry by commissioning the second-largest sugar refinery in sub-Saharan Africa.
In 2009 the company acquired a controlling stake in a publicly-listed Cement Company in Northern Nigeria. It began to construct a $900 million cement plant in Edo State, completing it in early 2015.

2. Mike Adenuga - Net worth of $6.2 billion
Michael Adeniyi Agbolade Ishola Adenuga is the second richest man in Nigeria, with a net worth of around $6.2 billion.
Mike Adenuga made his first million in 1979, at age 26, selling lace and distributing soft drinks.
Mike Adenuga, Nigeria's second richest man, built his fortune in telecom and oil production. His mobile phone network, Globacom, is the second-largest operator in Nigeria, with 50 million subscribers.
Mike Adenuga was issued a conditional GSM licence in 1999; after revoked, he received a second one when the government-held another auction in 2003.
Mike Adenuga's telecom company Globacom spread quickly and started challenging the giant MTN Group.
His oil exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta.
In 1990, Mike Adenuga received a drilling license. In 1991, his Consolidated Oil struck oil in Southwestern Ondo State's shallow waters, the first indigenous oil company to do so in commercial quantity.

1. Aliko Dangote - Net worth of $9 Billion
Aliko Dangote is the richest man in Nigeria, with a net worth of around $9 billion. Aliko Dangote tops our list of the top 10 richest men in Nigeria.
Aliko Dangote, the richest man in Nigeria, is also the richest man in Africa.
Dangote is the great-grandson of Alhaji Alhassan Dantata, the richest West African man at his death in 1955.
According to Forbes, Aliko Dangote, founded and chairs Dangote Cement, the continent's largest cement producer, is rated as the world's 162nd richest person.

GreaterFuture3:
What of Cross River State

They had Bakassi and they literally gave it away to Cameroon.

Nigeria’s use of oil has been on the rise despite it initially producing an export revenue of less than 1% to a peak of 97%, with a minimum of 90% in the last 10 years.
Crude oil production in Nigeria averaged 1882.49 BBL/D/1K from 1973 until 2018, reaching an all-time high of 2475 BBL/D/1K in November of 2005 and a record of low of 675 BBL/D/1K in February of 1983. With observations, data increase in production at an all-time high of 2,49 BBL/D/1K in November 2005 and a record of low 1,419 BBL/D/1K in August 2016 (Trading economics 2018).
Domestically oil forms about 16% of Nigeria’s energy use. The nine top oil producing states in Nigeria are:
Akwa Ibom- the largest oil producer with 31.4% (504,000 BPD)
Delta – 21.56% (346,000 BPD)
Rivers – 21.43% (344,000 BPD)
Bayelsa – 18.07% (290,000 BPD)
Ondo – 3.74% (60,000 BPD)
Lagos – 2.64% (40,000 BPD)
Edo – 2.06% (33,000 BPD)
Imo-1.06 % (17,000 BPD)
Abia-0.68% (11,000 BPD) (Nigerian bureau of Statistics 2017)
Nigeria’s petroleum products are the main stay of the country’s economy. They provide the country’s main source of foreign exchange, making up more than 90% of total exports. Petroleum jobs account for 20% jobs in the country. It is hard to deny as it is obvious that petroleum (oil) has made Nigeria one of the economic leaders in Africa.

Source: https://www.climatescorecard.org/2019/05/nigeria-relies-on-oil-despite-having-large-coal-reserves/

See packaging!

Interesting...congratulations to them.

The south south holds all the oil. Lol.

These are the real hackers not our 'yahoo' email beggers and website cloners.

Kriss216:
I always have negative thoughts whenever I hear or see Cucumber... all thanks to Nigerian girls

I couldn't have said it better. Smh

The topic should read - Buhari receives his original country's highest award.

Why does he favour Niger over Cameroon, Togo, Benin republic and Chad? After all they all share borders with Nigeria!!

Lifestyles of the leader's y'all elected!

IPPIS na scam! Government should pay salaries in time and stop setting up committee up-and-down.

Same old song *yawns*

Good.

Fury is coming for AJ!

This is a direct threat to AJ. Question is does AJ have what it takes to defeat Fury?

ezenwajosh:

Bro... Conspiracy theory.

Anyway the place still new.

Very informative thread. Whenever I'm in Lagos I might check it out. A little on the costly side though. Especially their alcoholic drinks compared to similar places.
Before una talk say I stingy.

The loot has obviously not been put to judicious use and the administration is keeping their secrets on just how much of it has actually been recovered.

Lies. Illiterate lies.

What criteria did they use to rate her because I've seen finer corpers.

Lol. No choke o.

visijo:
If you can't dance when you are drunk.. At least speak English or promise people jobs... Don't just waste alcohol �

Preach abeg

Some 'technicians' earn more than she does.

Na them them

Adonbilivit.jpeg

It's not out till later this year Mr. Virgin

Legalize it, put it on prescription/specific dealers and tax the licensed vendors. That's how to profit in a sane clime.

Shege!

Kini big deal? See as he dey look.