Friday, 15th November 2024
To guardian.ng
Search
Breaking News:
High Society  

Better days again for Mike Adenuga

By Funsho Akinwale
07 January 2017   |   4:36 am
There are certainly better days for Nigeria’s oil and telecommunications mogul, Mike Adenuga, whose net worth more than doubled in 12 months, increasing from $2.7bn to $5.8bn since December 31, 2015.
Adenuga
Adenuga

There are certainly better days for Nigeria’s oil and telecommunications mogul, Mike Adenuga, whose net worth more than doubled in 12 months, increasing from $2.7bn to $5.8bn since December 31, 2015.

According to Forbes, the 114.81 per cent increase in Adenuga’s net worth is due to new information it obtained last year about the value of his assets. However, Adenuga, who owns Globacom and Conoil, has seen his net worth dropped significantly since March last year, when Forbes valued his fortune at $10 billion on the last year’s Billionaires List.

The billionaire’s net worth dropped $4.2bn due to the devaluation of the naira and a struggling oil sector.Adenuga was the only Nigerian billionaire whose net worth increased last year. The richest man in Africa, Aliko Dangote, saw his fortune drop nearly 28 per cent to $12.4bn last year.

In this article

Related
Blue girls spark curiosity among Lagosians
November 9, 2024
Couple gets Professorship appointments same day in UNILAG
November 9, 2024
Kneubuhler becomes Radisson Hotel group’s MD for Africa
November 9, 2024
GFN hosts Maiden Annual Conference
November 9, 2024
OPD holds workshop for law officers
November 9, 2024
Association honours former Guardian MD, Bonuola, others with community service awards
November 9, 2024

0 Comments

Latest

News
FRSC not recruiting, says spokesman
2 mins ago
The Federal Road Safety Corps (FRSC), says it is not recruiting and cautioned potential job seekers against falling victim to scammers. A statement by the Corps Public Education Officer (CPEO), Olusegun Ogungbemide on Friday in Abuja, said that the clarification became necessary following desperate efforts by alleged fraudsters to scam unsuspecting job seekers. He said,…
Ondo Decides
Ondo Election: KDI identifies flashpoints in five LGs
6 mins ago
The Kimpa Development Initiative (KDI) has identified five local council areas of Ondo State as potential flashpoints during Saturday’s governorship election. Raising security concerns a few hours before the poll, the non-governmental organisation urged security agencies to swiftly act on the intelligence. According to the Executive Director of KDI, Mr. Bukola Idowu, while briefing newsmen…
World
Protesters storm Abkhazia parliament over Russian investment deal
11 mins ago
Protestors stormed the regional parliament in Abkhazia on Friday, forcing the government to halt an investment deal with Russia that some fear will spoil the breakaway Georgian region's natural beauty. The Black Sea separatist region is backed by Moscow but recognised as part of Georgia by most of the world. It has been thrust into…
World
Pakistan extends school closures in Punjab's smog-hit cities
20 mins ago
Pakistan's most populated province of Punjab on Friday extended school closures in smog-hit major cities by a week, with thousands hospitalised as the country battles record air pollution. The province, home to more than half of Pakistan's 240 million people, last week closed all schools until November 17 in major cities enveloped by smog. Air…
Breaking News
Tinubu confers CFR honour on late COAS, Lagbaja
22 mins ago
President Bola Tinubu has conferred the posthumous national honour of Commander of the Federal Republic (CFR) on the late Chief of Army Staff, Lt. General Taoreed Lagbaja. Tinubu announced this during his address at the funeral of the late Army Chief at the Military Cemetery, Abuja, on Friday. Tinubu stated that naming Lieutenant General Lagbaja…
News
Six UI master degree graduands score 7.0 perfect grade
24 mins ago
No fewer than six graduands, who scored perfect Cumulative Grade Point Average (CGPA) of 7.0 at Master’s degree level, were awarded their certificates at the 76th Convocation Ceremony of the University of Ibadan on Friday. The six were among the 2,450 graduands from different disciplines that received their Master’s degree certificates at the third day…
Nigeria
EU inaugurates second cohort of youth sounding board
30 mins ago
The European Union (EU) has inaugurated the second cohort of the Youth Sounding Board (YSB) Nigeria, comprising 25 young people drawn from across the country. Through the YSB Nigeria, the European Union provides a platform for young people to influence the policies and programmes of the EU delegation in Nigeria. Speaking at the inauguration in…
Football
Veteran Ranieri has 'no time for mistakes' on Roma return
41 mins ago
Claudio Ranieri admitted Friday that he needs to hit the ground running in his third spell as Roma coach with his boyhood club languishing near the Serie A relegation zone. A lifelong Roma fan and Premier League title winner with Leicester City in 2016, Ranieri came out of retirement on Thursday in the hope of…
Politics
Ondo poll: YP candidate vows to run transparent government
41 mins ago
The Youth Party (YP) candidate in the Ondo Governorship election scheduled for Saturday, Adegoke Kehinde Paul, has promised to run a transparent administration if he wins the election. Speaking to Guardian TV, Paul said his interest in the election was driven by the desire to bring genuine progress, and responsible and respectable leadership to the…
Africa
ECOWAS Court dismisses Nigerian’s suit seeking N5m
45 mins ago
The ECOWAS Court has dismissed an application filed by a Nigerian, Chukwuemeka Edeh, seeking five million naira damages for alleged unlawful detention and torture by the defunct police Special Anti-Robbery Squad (SARS). The petitioner had approached the court with an application praying for the enforcement of his rights and a default judgment against Nigeria following…