Famend Nigerian telecom and oil tycoon Mike Adenuga has reclaimed the title of Nigeria's second richest particular person, surpassing Abdul Samad Rabiu after Forbes re-evaluated the worth of his cell phone community, Globacom.
Adenuga's present internet price stands at US$7.4 billion, cementing his distinguished place within the African enterprise panorama.
Because the founding father of Globacom, Nigeria's third-largest telecom supplier, Adenuga had briefly misplaced the second-richest place to Rabiu a yr and a half in the past.
Nonetheless, following the latest reassessment by Forbes, he now holds the title of Nigeria's second richest particular person, behind solely Aliko Dangote.
With a internet price of $7.4 billion, Adenuga additionally ranks fifth amongst Africa's richest people.
Along with his telecommunications enterprise, his intensive enterprise portfolio contains substantial investments within the oil business by means of Conoil Producing and Conpetro.
His notable presence in Sterling Monetary Holding, the place he has a 30.63 % stake, additional enhances his standing amongst Nigeria's monetary elite.
Below Adenuga's management, Globacom has actively pursued the objective of constructing Africa's most complete telecommunications community, amassing hundreds of thousands of subscribers in Nigeria and Ghana and capturing about 28 % of the market share in Nigeria.
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