Billionaires
On Monday, February 16, FBN Holdings, the parent company of First Bank, the oldest commercial bank in Nigeria, achieved its highest valuation to date.
According to Kabir Rabiu, the group executive director of BUA Group, there was indeed a price reduction per bag, from N5,500 to N3,500, from October 2, 2023.
Abdul Samad Rabiu, Nigeria's second wealthiest man, has said the problem with foreign exchange in Nigeria is artificial and manipulative but improving.
Africa's richest man, Aliko Dangote, has dropped in Billionaire raking after losing about $3 billion in one week due to naira devaluation by Nigeria.
The list of the richest men in the world in 2024 has adjusted with Elon Musk, and Mark Zuckerberg changing positions and led by French billionaire.
The leader of the manufacturing conglomerate BUA Group, Abdul Samad Rabiu, has authorised a dramatic 50% increase in employees' pay throughout the company.
BUA Foods Plc, owned by Abdul Samad Rabiu, Nigeria's second-richest man, has invested about $200 million in sugar estate to expand the company's product line.
Geregu Power, owned by billionaire investor, Femi Otedola, has crossed the N2 trillion mark in market capitalisation at the Nigerian Exchange Limited.
FG has made available a range of tax breaks and incentives to businesses building new refineries within the country to increase domestic refining capacity.
Billionaires
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