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MIKE ADENUGA
Nigeria's second-richest man, Mike Adenuga built his fortune in oil and telecoms.
Three of the top ten richest black men in the world are Nigerians who made a huge percentage of their money from the Nigerian market.
Nigerian billionaire entrepreneurs; Aliko Dangote, Mike Adenuga and Abdul Samad Rabiu appear in the top spots of Forbes' Africa billionaires list.
From a humble start, Mike Adenuga has become one of Nigeria's most successful entrepreneurs whose impact is being felt across the continent.
The reasons for this could be the crisis that we saw in the global oil sector.
The gradual easing of the lockdown, which started on May 1, appears to have brought some relief to these men, giving them room to recover some of the earlier losses.
Nigerian billionaires recorded more losses than gains amid COVID-19 due to the volatility of the stock market occasioned by the killer disease.
Chief Mike Adenuga has fully redeemed his pledge of N1 billion to the Private Sector Coalition against COVID-19.
Only 4 Nigerians, Aliko Dangote, Mike Adenuga, Abdul Samad Rabiu and Folorunsho Alakija made Forbes' 2020 coveted billionaires ranking.
Forbes Magazine has released the 2020 version of its annual richest African billionaires ranking. The list has four Nigerians, as Dangote leads the pack.
In the Nigerian equity market, 2019 was not a very good one for many investors as the NSE All-Share Index ended the year with a 14.6% loss.
For Nigeria’s wealthiest individuals, the twelve months of 2019 have been quite eventful. Some of these billionaires made more money this year.