The World renowned ranking organization, Forbes, has released its list of richest people in Nigeria for 2017.
Full list below:
1. Aliko Dangote (Net Worth: $12.5 billion)
Aliko Dangote is the richest man in Nigeria, Africa and of course the richest black man in the world. In 2014, he ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Nigeria’s poor Naira.
2. Mike Adenuga (Net Worth: $10.5 billion)
Mike Adenuga is the second richest man in Nigeria with interest in Oil and Gas and telecoms. He is the owner of Globacom, Nigeria’s second biggest telecom operators and the chairman of Conoil.
3. Femi Otedola (Net Worth: $2.3 billion)
He is the CEO of Zenon Oil and Gas and Forte Oil Plc. He has interest in real estates amongst other sectors.
4. Folorunsho Alakija (Net Worth: $2.1 billion)
Folorunsho is a business tycoon who has interest in fashion,oil and printing industries. She is the richest Woman in Nigeria and the richest woman of the African descent in the world.
5. Theophilus Danjuma (Net Worth: $1.7 billion)
Former Nigerian Chief of Army staff between 1975 to 1979. He is the current chairman of Athlantic Petroleum.
6. Abdusalam Rabiu (Net Worth: $1.5 billion)
Abdusalam is the founder of the famous BUA Group. A conglomerate active in sugar refining, cement production, real estate and port operations. In September 2015, his Group signed a $600 million deal with a chinease cement equipment service provider Sinoma Internation Engineering to construct a second production line located in Edo State Niger Delta, Nigeria.
7. Tony Elumelu (Net Worth: $1.4 billion)
A philanthropist and founder of the Transcorp and Heirs Holdings. He was the chairman of United Bank for Africa.
8. Orji Uzor Kalu (Net Worth: $1.1 billion)
The former governor of Abia State. He is the founder and chairman of Slok Holding. A conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. He became a real business man at the age of 19 after being expelled from a Nigerian University for allegedly spearheading a series of student riots.
9. Jim Ovia (Net Worth: $1 billion)
Jim Oviah is the founder of Zenith Bank. He is the chairman and the largest shareholder with a stake of almost 10%. He also manages a mobile telecom Visafone which has over 3 million subscribers.
10. Oba Otudeko (Net Worth: $650 million)
Oba Otudeko is the Chairman and founder of the honey well group. He is also the chairman of FBN Holdings Plc. His operations spread across oil and gas, flour minning, real estate, and marine transportation.
Polaris Bank: Skye Bank Changes Name On Twitter And Facebook
After The central bank of Nigeria (CBN) withdraws the license of Skye Bank plc. The bank twitter and facebook name has now been changed to polaris bank.
While their instagram name still remains skye bank. But i think they will also change it soon.
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Billionaire businessman Tony Elumelu throws party to celebrate his mother’s 90th birthday in style
Over the weekend, Billionaire businessman Tony Elumelu threw his mother, Mrs Susan Elumelu a lavish party to celebrate her 90th birthday. The celebration began with a Thanksgiving Mass at the Church of Assumption, Lagos, and a reception in VI after.
Guests at the event included: Ooni of Ife, Oba Adeyeye Ogunwusi, Otunba Adekunle Ojora & Erelu Ojuolape Ojora, Oba Rilwan Akiolu, Chukwumalieze 1 of Onicha-Ugbo , Aliko Dangote, Femi Otedola, Tayo Ayeni, Segun Awolowo, Mr. Jim Ovia. More photos below.
Why African Youths Are Finding It Hard, Tony Elumelu
The chairman of the Tony Elumelu Foundation, Tony Elumelu, has said that government policies have become major hindrances to successes of endeavors of youths in Africa.
He spoke at the spring meetings of the International Monetary Fund and World Bank Group.
According to him, youths in Africa are “determined, energetic, hungry to succeed and make a difference and are extremely intelligent,” but he noted “the environment makes it difficult for them to succeed.”
Elumelu said African governments must make the youths a priority in their various endeavors.
He said “Governments need to understand that if we prioritize the young ones and make the operating environment conducive, they would be able to optimize the required intellects, they would do well and we would be able to solve some of the problems in the continent
“So, regulation is major, intellectual property is very important, incentivizing investors are all factors that will help us address these issues.
“Digital connectivity is a major issue in Africa and you can’t fix it if you don’t have reliable access to electricity. So, if we want to truly address the issue of the digital economy in Africa, these challenges have to be fixed.”
He added that if the issues of policy were dealt with investors would rush down to Africa.
This is coming two days after Nigerians faulted President Buhari on a comment he made saying a lot of Nigerians are lazy and are relying on the fact that Nigeria is an oil-rich country to get things from the government for free.
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