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Nigerians With Private Jets,  See List, Net Worth

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A list of 40 Nigerians who own private jets and their net worth has surfaced in the midst of increasing poverty in the African region.

Hundreds of Nigerians own private jets but this list specifically highlights 40 individuals, including clergy members, business tycoons, politicians, and musicians.

The list of the private jets owners, which has garnered significant attention, provides a glimpse into the extravagant lifestyles of some of Nigeria’s wealthiest individuals. 

The ownership of private jets did not only showcase their wealth, but also reveal their astounding net worth. 

Here are the notable Nigerians who reportedly own private jets, along with their estimated net worth:

  1. Aliko Dangote – private jet owner – Founder of Dangote Group – $19.6 billion

  1. Mike Adenuga – private jet owner – CEO of Globacom Ltd – $7 billion

  1. Allen Onyema – private jet owner – CEO of Airpeace – $3.1 billion

  1. Arthur Eze -private jet owner – CEO of Atlas Oranto Petroleum – $5.8 billion

  1. Igho Sanomi – private jet owner – Businessman – $1 billion

  1. Adedeji Adeleke (private jet owner) – President of Adeleke University – $700 million

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  1. Cletus Madubugwu Ibeto – CEO of The Ibeto Group – $3.8 billion

  1. Apostle Johnson Suleman – General Overseer of Omega Fire Ministries – $10.5 million

  1. Dr. Bryant (ABC) Orjiako – Chairman and co-founder of SEPLAT – $1.2 billion

  1. Femi Otedola – Businessman and Philanthropist – $1.2 billion

  1. Orji Uzor Kalu – Politician and businessman – $1.1 billion
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  1. Late Prophet TB Joshua – General Overseer of SCOAN – $15 million

  1. Bishop David Oyedepo – General Overseer of Living Faith Church – $200 million
Wealthy Clergy men with private jets. Picture credit: Nairaland
  1. Joseph Arumemi-Ikhide – Founder of Arik Air – $3 billion

  1. Theophilus Danjuma – Nigerian politician – $1.1 billion

  1. Pastor Adeboye – General Overseer of The Redeemed Christian Church of God – $65 million

  1. Pastor Ayo Oritsejafor – Former president of Christian Association of Nigeria – $32 million

  1. Folorunsho Alakija – Businesswoman – $1.53 billion

  1. Ibrahim Badamasi Babangida – Nigerian retired general – $5 billion

  1. Atiku Abubakar – Politician – $1.8 billion

  1. Olusegun Obasanjo – Politician – $1.6 billion

  1. Rochas Okorocha – Politician – $1.4 billion

  1. Rotimi Amaechi – Politician – $780 million

  1. Senator Ali Modu Sheriff – Politician – $1 million – $5 million

  1. Godswill Akpabio – Politician – $20 million

  1. Obi Cubana – Businessman – $96 million

  1. Tiwa Savage – Musician – $17 billion

  1. Phyno – Musician – $12 million

  1. Ned Nwoko – Politician and businessman – $1.2 billion

  1. Jide Omokore – Information unavailable

  1. Pastor Chris Oyakhilome – General Overseer of Christ Embassy – $50 million
Private Jets packed at the Nigerian airport wing
  1. Prophet Jeremiah Omoto Funfeyin – Founder of Christ Mercyland Deliverance Ministry
  2. Wizkid – Musician – $30 million

  1. Don Jazzy – Musician – $10 million

  1. Patrick Ifeanyi Ubah – Politician – $1.7 billion

  1. Jimoh Ibrahim – Businessman – $1.1 billion

  1. DJ Cuppy – Nigerian DJ – $3 million

  1. Ernest Azudialu Obiejesi – Businessman – $900 million
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  1. Olamide – Musician – $12 million

  1. P-Square – Musicians – $100 million (Speculated)

The revelation of this list has sparked widespread interest and discussion among Nigerians and the international community. 

Many have expressed shock and awe at the immense wealth accumulated by these individuals while the majority of the population struggles with poverty and economic hardship.

The ownership of private jets has long been associated with the elite and powerful. It represents a symbol of luxury, prestige, and influence. 

However, the stark contrast between the opulence of private jet ownership and the socio-economic challenges faced by the majority of Nigerians raises questions about wealth distribution and inequality in the country.

In a nation where millions of people live below the poverty line, the extravagant lifestyles of these private jet owners highlight the urgent need for equitable wealth distribution and inclusive economic development. 

It also calls for greater transparency and accountability in Nigeria’s financial systems to ensure that wealth is generated and utilized in a responsible and sustainable manner.

As we delve into the profiles of these individuals, it becomes evident that they come from diverse backgrounds and have achieved success in various industries. 

From business magnates like Aliko Dangote and Mike Adenuga to religious leaders like Apostle Johnson Suleman and Bishop David Oyedepo, each private jet owner has carved a unique path to success.

The inclusion of musicians such as Wizkid, Don Jazzy, and Olamide on this list showcases the immense wealth generated by Nigeria’s vibrant music industry. 

These artists have not only achieved fame and recognition on a global scale but have also amassed significant fortunes through their music ventures.

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It is important to note that while this list provides an insight into the net worth of these individuals, the figures mentioned are estimates and may fluctuate over time. Additionally, the net worth of P-Square, a popular music duo, remains speculative due to limited available information.

The release of this list has sparked conversations about the responsibility of the wealthy elite to contribute to the development of their communities and the nation as a whole. 

Calls for philanthropic initiatives and social investments have gained momentum, as Nigerians look to these private jet owners to leverage their wealth for the greater good.

The revelation of the 40 Nigerians who own private jets and their staggering net worth has shed light on the glaring wealth disparity in Nigeria. 

While these individuals bask in luxury and privilege, it is crucial to address the pressing issues of poverty, unemployment, and economic inequality that plague the majority of the population. 

The challenge lies in creating a more inclusive and equitable society where prosperity is shared by all Nigerians, regardless of their socio-economic background.

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Investors gain N377bn on NGX amid bullish trend

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The Nigerian stock market on Thursday rebounded with a gain of N377 billion on the Nigerian Exchange Ltd.

Market capitalisation rose by N377 billion or 0.58 per cent to close at N65.847 trillion, compared with N65.470 trillion posted on Wednesday.

Similarly, the All-Share Index (ASI) climbed by 601.25 points or 0.58 per cent, to settle at 104,788.25 from N104,187.00 earlier recorded.

The uptrend was driven by strong buying interest in medium and large capitalised stocks such as Caverton Offshore Support Group, VFD Group, Neimeth, among others

Meanwhile, the market breadth closed positive with 47 gainers and 11 losers

On the gainers’ chart, FG152028S1 grew by 100 per cent to close at N100.00 while Caverton Offshore Support Group increased by 10 per cent to close at N2.31 per share.

VFD Group soared by 9.92 per cent to close at N79.80 and Neimeth International Pharmaceutical gained by 9.92 per cent to close at N2.88 per share.

Veritas Kapital Assurance grew by 9.57 per cent to close at N1.03 per share.

On the losers’ chart, ABC Transport dropped by 10 per cent to close at N1.26 while Eterna fell by 9.90 per cent to close at N32.30 per share.

CAP Plc declined by 7.45 per cent to close at N43.50 and Regalins lost by 3.64 per cent to close at 53k per share.

Also, the Nigerian Exchange Group dropped by 3.23 per cent, to close at N34.50 per share.

A total of 432.56 million shares worth N9.719 billion were exchanged across 12,027 transactions.

This is compared to 376.61 million shares valued at N11.89 billion that was exchanged across 11,576 transactions earlier.

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Transactions in the shares of Access Corporation topped the activity chart with 77.861 million shares worth N1.62 billion.

Ellah Lakes followed with 44.24 million shares valued at N132.76 million while Fidelity Bank transacted 32.46 million shares worth N614.78 million.

Zenith Bank traded 30.20 million shares valued at N1.466 billion and United Bank for Africa sold 20.45 million shares worth N718 million. (NAN)

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Renaissance Energy assumes Shell’s liabilities, says NOSDRA

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The National Oil Spill Detection and Response Agency (NOSDRA) confirmed Shell’s liabilities will transfer to Renaissance Africa Energy after its acquisition of SPDC.

NOSDRA Director-General, Mr Chukwuemeka Woke, stated this on Wednesday in Abuja during a visit by Renaissance Africa Energy’s Managing Director, Tony Attah.

Renaissance, a consortium of independent oil firms, has completed the acquisition of Shell Petroleum Development Company in Nigeria.

The acquisition gives Renaissance control of Shell’s onshore assets across the Niger Delta region.

Woke said Renaissance must address environmental issues resulting from Shell’s past operations and honour all liabilities incurred.

He assured the agency’s continued collaboration with Renaissance, particularly on projects like the Bodo cleanup and related efforts.

“As regulators, NOSDRA ensures oil operations align with international environmental standards and national laws,” Woke emphasised.

He added, “This acquisition does not exclude Shell’s responsibilities — they are now Renaissance’s to bear.”

He urged Renaissance to prioritise environmental sustainability and energy security while complying with all regulations.

He also noted the significance of abiding by the Polluter Pay Principle and addressing oil spills caused by third-party activities.

Earlier, the Renaissance MD clarified the company is not replacing Shell, but has a distinct mission.

“Our aim is to lead Africa in clean energy generation and security,” Attah stated.

He promised a viable partnership with NOSDRA and strong commitment to environmental preservation.

Attah identified energy poverty, environmental conservation and regulatory adherence as key industry challenges.

He outlined Renaissance’s focus on clean, affordable energy, especially natural gas, to fuel Nigeria’s industrial growth.

The company seeks NOSDRA’s partnership in achieving its goals while ensuring regulatory compliance. (NAN)

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CBN: Petroleum Imports Declined 23.2%, Non-Oil Imports Fell 12.6% In 2024

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The Central Bank of Nigeria (CBN) has announced a balance of payments (BOP) surplus of $6.83 billion for the 2024 financial year.

The BOP is a record of all financial transactions made between a country and the rest of the world over a specific period—usually a year or a quarter.

CBN, in a statement signed on Wednesday by Hakama Sidi-Ali, its acting director of corporate communication, said the balance of payments in 2024 represents a surplus compared to the deficit of $3.34 billion recorded in 2023 and $3.32 billion in 2022.

The apex bank said the improvement reflects the impact of wide-ranging macroeconomic reforms, stronger trade performance, and renewed investor confidence in Nigeria’s economy.

According to the CBN, the current and capital accounts recorded a surplus of $17.22 billion in 2024, driven largely by a goods trade surplus of $13.17 billion.

“Petroleum imports declined by 23.2% to $14.06 billion, while non-oil imports fell by 12.6% to $25.74 billion,” CBN said.

The decline in petroleum products imports occurred the same year Dangote Petroleum Refinery commenced petrol production, providing oil marketers an alternative to importation.

Dangote refinery began to sell petrol to the Nigerian market on September 20.

On the export side, CBN said gas exports rose by 48.3 percent to $8.66 billion, while non-oil exports increased by 24.6 percent to $7.46 billion.

“Remittance inflows remained resilient, with personal remittances rising by 8.9% to $20.93 billion. International Money Transfer Operator (IMTO) inflows surged by 43.5% to $4.73 billion, up from $3.30 billion in 2023, reflecting stronger engagement from the Nigerian diaspora,” CBN said.

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“Official development assistance also rose by 6.2% to $3.37 billion.”

More so, the apex bank said Nigeria recorded a net acquisition of financial assets totalling $12.12 billion.

“Portfolio investment inflows more than doubled, increasing by 106.5% to $13.35 billion, while resident foreign currency holdings grew by $5.41 billion, indicating stronger confidence in domestic economic stability,” the apex bank said.

“Although foreign direct investment fell by 42.3% to $1.08 billion, the overall financial account posted notable gains.”

CBN also reported that the country’s external reserves increased by $6.0 billion to $40.19 billion by year-end 2024, further strengthening its external buffer.

According to the financial regulator, net errors and omissions narrowed significantly by 79.5 percent to negative $5.10 billion in 2024 – down from $24.90 billion in 2023,

The development, the apex bank said, reflects progress in data capture, transparency, and reporting integrity.

Commenting on the report, Olayemi Cardoso, governor of CBN, said the positive turnaround in “our external finances is evidence of effective policy implementation and our unwavering commitment to macroeconomic stability”.

Carsoso also said the surplus marks an important step forward for Nigeria’s economy, benefiting investors, businesses, and everyday Nigerians alike.

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