Category: World Richest || Posted Aug 17, 2026
Top 10 Richest People in Nigeria
The Nigerian wealth ranking is anchored by major industrial conglomerates, energy networks, telecommunication platforms, and financial holdings.
While international lists like Forbes explicitly track public equities for the top dollar-denominated billionaires, local market dynamics, banking equity positions, and private holdings round out Nigeria's top 10.
Summary Table
| Rank | Name | Estimated Net Worth | Primary Business / Sector |
| 1 | Aliko Dangote | ~$28.5 Billion | Cement, Sugar, Oil Refining (Dangote Group) |
| 2 | Abdulsamad Rabiu | ~$11.2 Billion | Cement, Sugar, Infrastructure (BUA Group) |
| 3 | Mike Adenuga | ~$6.5 Billion | Telecommunications (Globacom), Oil & Gas (Conoil) |
| 4 | Adebayo Ogunlesi | ~$2.5 Billion | Private Equity, Infrastructure (GIP) |
| 5 | Femi Otedola | ~$1.3 Billion | Power Generation, Energy (Geregu Power) |
| 6 | Theophilus Danjuma | ~$1.1 Billion | Oil Exploration (SAPETRO), Shipping |
| 7 | Jim Ovia | ~$850M – $1 Billion+ | Banking (Zenith Bank), Commercial Real Estate |
| 8 | Tony Elumelu | ~$700M – $1 Billion+ | Financial Services, Energy, Hospitality (Heirs Holdings) |
| 9 | Orji Uzor Kalu | ~$800M – $1 Billion | Shipping, Media, Manufacturing (Slok Holding) |
| 10 | Clement Mudiaga Enajemo | ~$500M – $800M | Retail, Commodities, Logistics |
Key Highlights
- 1. Aliko Dangote: Undisputed #1 in Nigeria and the continent. His valuation is propelled by Dangote Cement along with the operational scaling of the Dangote Oil Refinery.
- 2. Abdulsamad Rabiu: Operates BUA Group. His valuation experienced a major upward surge following continuous equity expansion across BUA Cement and BUA Foods on the Nigerian Exchange (NGX).
- 3. Mike Adenuga: Controls Globacom (Gloworld), one of Nigeria's largest telecom providers, alongside deep investments in upstream oil through Conoil.
- 4. Adebayo Ogunlesi: Chairman of Global Infrastructure Partners (GIP). A major player in global private equity and international infrastructure investments.
- 5. Femi Otedola: Shifted heavily from downstream oil marketing into power generation through Geregu Power, alongside significant equity stakes in major Nigerian financial institutions.