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Nigeria’s Youngest Billionaire To Buy $2.5bn Oil Block From Shell

AFRICANGLOBE - 39-year-old Nigerian oil trader, Igho Sanomi is set to acquire Royal Dutch Shell’s highly productive oil block, Oil Mining License 29 (OML 29) for $2.5 billion as the company continues divesting its assets in Nigeria.

The Richest People In Africa 2013

AFRICANGLOBE - The combined fortune of Africa’s 55 billionaires is $143.88 billion. The average net worth of the members of this exclusive club is $2.6 billion, while the median age of the richest people in Africa is 65 years. Nigeria, South Africa and Egypt lead the pack with the highest number of billionaires at 20, nine and eight respectively. Algeria, Angola, Zimbabwe and Swaziland only have one billionaire each.

10 Nigerian Billionaires You’ve Never Heard Of

From more media friendly Nigerian billionaires like Alhaji Aliko Dangote, Jim Ovia or the charismatic Africapitalism proponent, Tony Elumelu, the country’s illustrious businessmen boast of a stupendous amount wealth and influence that resonates across the continent, and the world! However, there are some billionaires within the country who are under-the-radar.