Mike Adenuga Mike Adenuga Michael Adeniyi Agbolade Ishola Adenuga Jr, GCON (born 29 April 1953) is a Nigerian billionaire businessman, and the second-richest person in Nigeria. His company Globacom is Nigeria's second-largest telecom operator, and has a presence in Ghana and Benin. He owns stakes in the Equitorial Trust Bank and the oil exploration firm Conoil (formerly "Consolidated Oil Company"). "Forbes" has estimated his net worth at $5.8 billion as of 2017, which makes him the second-wealthiest Nigerian behind Aliko Dangote, with a net worth of $14.1 billion. His father, the Oloye Michael Agbolade Adenuga Sr, was a school teacher while his
Femi Otedola and pricing of kerosene, African Petroleum launched an initiative to saturate the market and sell fuel at N50 per litre from more than 500 service stations across Nigeria. In March 2009, Otedola became the second Nigerian after Aliko Dangote to appear on the Forbes list of dollar-denominated billionaires, with an estimated net worth of $1.2 billion. In October 2009, Otedola announced a move to upgrade African Petroleum's liquefied petroleum gas (LPG) storage terminals in Lagos, Kano and Port Harcourt. Difficult economic conditions caused by the slump in world oil prices and credit squeeze of 2008–09 led African Petroleum to record