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    20 Richest Men in Nigeria and their Sources of Income (Updated)

    20 Richest Men in Nigeria and their Sources of Income (Updated)

    20. Leo Stan Ekeh – The Tech Visionary

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    • Sector: ICT, E-Commerce
    • Networth ($700 million)
    • Founder of Zinox Group and Konga and first Nigeria tech billionaire and a big voice for digital transformation in Africa.

    19. Folorunsho Alakija – The Oil Queen

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    • Sector: Oil, Fashion, Real Estate
    • Networth ($1.5 billion)
    • Vice Chair of Famfa Oil Limited Once a fashion designer, now one of Africa’s richest women.

    18. Femi Otedola – The Power Plug

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    • Sector: Energy, Power, Finance
    • Networth ($1.8 Million)
    • Investor & former Forte Oil CEO and Known for luxury yachts, philanthropy, and Geregu Power success.

    17. Mohammed Indimi – The Northern Oil Tycoon

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    • Sector: Oil & Gas
    • Networth ($2 billion)
    • Founder of the Oriental Energy Resources and One of Nigeria’s wealthiest men from the North, with strong global oil links.

    16. Tunde Folawiyo – The Legacy Boss

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    • Sector: Oil, Shipping, Agriculture
    • Networth ($2 Billion)
    • Head of Yinka Folawiyo Group and Continues his father’s business empire modernized and booming.

    15. Oba Otudeko – The Honeywell Mogul

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    • Sector: Food, Real Estate, Finance
    • Networth ($2.14 Billion)
    • Founder of Honeywell Group and Known for turning flour and sugar into millions.

    14. Jimoh Ibrahim – The Big Deal Maker

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    • Sector: Oil, Insurance, Real Estate
    • Networth ($2.14 Billion)
    • Chairman of Global Fleet Group and Owns major media firms and luxury properties across Nigeria.

    13. Hakeem Belo-Osagie – The Power Investor

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    • Sector: Telecoms, Finance, Oil
    • Networth ($2.15 Billion)
    • Chairman of Metis Capital Partners and Former chairman of Etisalat Nigeria a quiet billionaire with global reach.

    12. ABC Orjiakor – The Energy Doctor

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    • Sector: Oil & Gas, Health
    • Networth ($2.2 Billion)
    • Co-founder of Seplat Petroleum and A surgeon turned energy tycoon from medicine to millions.

    11. Igho Sanomi – The Young Money

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    • Sector: Oil, Shipping, Aviation
    • Networth ($2.21 Billion)
    • Founder of Taleveras Group and One of Nigeria’s youngest billionaires, making waves in global trading.

    10. Emeka Offor – The Chrome Boss

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    • Sector: Oil, Energy, Construction
    • Networth ($2.37 Billion)
    • Chairman of Chrome Group and A major player in Nigeria’s power and infrastructure industry.

    9. Benedict Peters – The Silent Billionaire

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    • Sector: Oil & Gas, Power
    • Networth ($2.39 Billion)
    • Founder of Aiteo Group and Known for keeping a low profile but controlling a massive energy empire.

    8 Orji Uzor Kalu – The Political Tycoon

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    • Sector: Manufacturing, Media, Shipping
    • Networth ($2.39 Billion)
    • Founder of SLOK Holding, Senator and Blends business with politics and profits from both.

    7. Theophilus Danjuma – The General of Wealth

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    • Sector: Oil, Shipping
    • Networth ($2.4 Billion)
    • Founder of South Atlantic Petroleum (SAPETRO) and Retired Army General who turned discipline into dollars.

    6. Tony Elumelu – The Africapitalist

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    • Sector: Banking, Power, Hospitality
    • Networth ($2.5 Billion)
    • Chairman of UBA & Heirs Holdings and Passionate about empowering African entrepreneurs.

    5. Jim Ovia – The Zenith Brain

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    • Sector: Banking, Telecoms, Real Estate
    • Networth ($ 2.5 Billion)
    • Founder of Zenith Bank and Built one of Africa’s biggest banks from scratch.

    4. Mike Adenuga – The Telecom Lion

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    • Sector: Telecoms, Oil
    • Networth ($6.4 Billion)
    • Founder of Conoil and Globacom (Glo) built Nigeria’s data culture and his oil empire fuels his billions.

    3. Abdul Samad Rabiu – The Cement Commander

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    • Sector: Cement, Sugar, Real Estate
    • NetWorth ($9 Billion)
    • Founder of BUA Group Quiet but fierce competitor to Dangote in the manufacturing space.

    2. Arthur Eze – The Prince of Oil

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    • Sector: Oil & Gas Aviation, Philanthropy
    • Networth: ($12 Billion)
    • Founder & CEO of Atlas Oranto Petroleum

    1. Aliko Dangote – The African Titan

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    • Sector: Cement, Sugar, Oil Refining, Fertilizer
    • Networth ($26.3 Billion)
    • Founder of Dangote Group and Africa’s richest man for over a decade a true symbol of Nigerian ambition.

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