Billionaires
Meet AbdulWasiu Sowami, silent billionaire who paid Otedola $250 million to acquire Ardova
AbdulWasiu Sowami is a strong player in the oil and gas industry in Nigeria, and he has acquired a fleet of oil firms from business moguls like Femi Otedola.
Tony Elumelu moves to tighten grip on UBA as HH Capital acquires 70 million units of shares in UBA
HH Capital belonging to Tony Elumelu, has acquired additional 70 million units of shares in UBA, bringing his total shareholding in the tier 1 bank to over 7%
Tony Elumelu's wife spends over N6bn to buy more shares in Transcorp after her husband decisions
Billionaire businessman Tony Elumelu has tightened his grip on Transnational Corporation as his wife Awele spent over N6 billion to buy more company shares.
Africa's first black billionaire Patrice Motsepe drops 1,284 behind Dangote in list of world's richest men
Patrice Motsepe, Africa's first black billionaire has slipped further in the list of global wealth rankings, now lagging over 1,000 places behind Aliko Dangote.
Tony Elumelu changes name of one of his companies, makes new appointments
Tony Elumelu's Heirs Holdings has made new appointments to two subsidiaries, Heirs Insurance Limited and Heirs Life Assurance. He also effected a name change.
Ardova Chairman Sowami Pays Femi Otedola Over N8bn Following Court Ruling in London
Billionaire businessman Femi Otedola has received a whopping N8.7 billion from Abdulwasiu Sowami, Chairman of Ardova following a London court ruling in 2022.
“You treat everyone well”: Femi Otedola shares touching video of Davido’s dad celebrating him on 60th birthday
Nigerian billionaire, Femi Otedola, has shared a throwback video of the sweet moment Davido's father, Adedeji Adeleke, celebrated him on his 60th birthday.
Tony Elumelu spends over N500 million to buy more UBA shares, recoups almost all in 48 hours
Billionaire Tony Elumelu has tightened his grip on United Bank for Africa with over N500 million in investments. He recovered all the money in a few hours.
Femi Otedola sells 2.8 million units of Geregu Power shares, opens door for his brothers to be richer
Billionaire, serial investor Femi Otedola has sold 2.8 million of his shares in Geregu Power, the only listed power company, while his two brothers bought more.
Billionaires
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