Globacom Chairman Mike Adenuga Jnr, with interests in oil exploration and real estate has moved up, ranking next to Aliko Dangote as Africa’s second richest man.
Forbes magazine said Adenuga’s net worth rose tremendously from $5.3 billion to $9.2 billion.
He is now just $800million away from Dangote Group President Aliko Dangote, whose wealth dipped to $10billion, from $12 billion last year.
However, Dangote retains the Africa’s richest man title for the eighth consecutive time despite.
BUA Group Chief Executive Officer Abdulsamad Rabiu featured on the list for the first time since 2015.
The merger between Rabiu’s Kalambaina Cement firm with the Cement Company of Northern Nigeria, which he controlled, in December, last year, was formally consummated in Sokoto earlier this week. He now owns 97 per cent of the entity.
Kalambaina, which operates a new cement production facility, started selling cement…
Source: News Agency of Nigeria
