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See the 15 Nigerian richest men who lost at least N110m in 2022; Dangote lost N441bn



Nigerian billionaires have lost no lesser than N799.1 billion to the poor performance of the Nigerian equities market in Q3 2022.

Notably, fifteen of them, including Dangote, lost at least N110 million.

According to data compiled based on the direct and indirect holdings of the billionaires with stakes in listed companies in the Nigerian stock market, the aggregate wealth of these billionaires dropped from N6.74 trillion as of 30th June 2022 to N5.94 trillion by the end of September 2022.

Below is the list of the fifteen billionaires in Nigeria and how much they lost in quatre three of 2022 according to an analysis by Nairametrics;

  • Aliko Dangote – N441.66 billion
  • Abdulasamadu Rabiu – N336.82 billion
  • Jim Ovia – N8.63 billion
  • Olufemi Otedola – N2.79 billion
  • Tunde Hassan-Odukale – N2.21 billion
  • Herbert Wigwe – N1.82 billion (Access Bank)
  • Mike Adenuga – N1.38 billion (Conoil, Julius Berger, and Sterling Bank)
  • Tony Elumelu – N1.07 billion (UBA)
  • Gbenga Oyebode – N1.02 billion (Okomu Oil)
  • Wole Oshin – N780.5 million (Custodian Investment)
  • Eguasa P.A – N262.1 million (Okomu Oil)
  • Olakunle Alake – N245.1 million (Dangote Cement and Dangote Sugar Refinery)
  • Ifeoma Esiri – N154.4 million (Stanbic IBTC Holdings)
  • Ebenezer Onyeagwu – N136.2 million (Zenith Bank)
  • Adaora Umeoji – N119.9 million (Zenith Bank)


The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.

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