Nigeria now has a new number two in the list of Nigeria’s richest billionaires and he is Abdulsamad Rabiu.

Rabiu unseated telecoms magnate Mike Adenuga to second place after his investments increased his account balance by N87bn in hours.

Aliko Dangote remains undisputed as Nigeria’s richest man, and he is the only Nigerian named among the world’s top 400 billionaires.

Abdulsamad Rabiu, the founder and chairman of BUA Group, is now the second richest man in Nigeria. He assumed the position on Friday evening after his wealth increased from $5.3billion to $5.5billion.


This represents a $200 million (87 wealth gain after just 8 hours of trading activities on the stock exchange.


Forbes data shows that Mike Adenuga, who started the week in second, is now third with also $5.5billion networth to sit as the 432 richest men in the world.

While on the other hand, Mike Adenuga has been having a tough 2022 and data from Forbes shows his wealth has dropped by more than $1billion.

Adenuga started the year with $6.6billion. He is ranked as the third richest man in Nigeria and 433 in the world. Dangote remains top Meanwhile, Aliko Dangote remains the richest man in Nigeria, with a total net worth of $12.4billion.

On Friday, he lost about $7 million of his wealth as his company continued to battle to retain ownership of his biggest cement factory in Africa.

In total, Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa. When Dangote’s refinery becomes operational, it is expected that his wealth will reach another high.
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Adenuga is plummeting

Lol funny people,they call themselves businessmen or entrepreneurs but na dem be really our problem

Na them sabi

garfield1:
Adenuga is plummeting

Chief Adenuga is actually doing great! From telcos adoption that has increased to oil prices which had remained high for like a year now yet those aspects of his wealth are not on the stock exchange same as Glo. The Conoil plc is only the downstream section.

Samad listed BUA foods and BUA cement so his assets can be easily evaluated based on their share prices.
Regardless , congrats to Alhaji Samad!

Cool our time is coming

I dey come for una

Na government and our looter's dey use una as fronts...we go do our own legit and with brain...

We are cumin to dethrone y'all enemies of the citizens with your blood monies..

biggy4joe:
Lol funny people,they call themselves businessmen or entrepreneurs but na dem be really our problem

How are businessmen or entrepreneurs really your problems

Aareakinwunmi is also coming

Overtaking is allowed.

Eyahhh. No IGBO man made the list of the 20 richest Nigerians. But them no go allow us hear word online.

shortIGBOman:
Eyahhh. No IGBO man made the list of the 20 richest Nigerians. But them no go allow us hear word online.

Mumu how much u get , poor thing , show ur account balance let's start from you... Tribalism go kee u

shortIGBOman:
Eyahhh. No IGBO man made the list of the 20 richest Nigerians. But them no go allow us hear word online.

But na igbo dominate top 20

Donmobi:

But na igbo dominate top 20

Yes. Na them dominate top of criminals with money

sukar886:

Mumu how much u get , poor thing , show ur account balance let's start from you... Tribalism go kee u

My account balance is my private property. The thing pain this Emeka well well.

Up rabiu