Dangote, Elumelu, Wale Tinubu gain N1.91 trillion in NGX holdings in one week

Nigerian billionaires Aliko Dangote, Tony Elumelu, and Wale Tinubu experienced a combined increase of approximately N1.91 trillion in the market value of their tracked holdings on the Nigerian Exchange (NGX) over a five-day period, according to an analysis by Nairametrics. Dangote led the gains, with an estimated N1.86 trillion increase driven primarily by the performance of Dangote Cement, while Elumelu saw a N32.45 billion rise and Tinubu gained N18.29 billion.

The analysis focused on the change in market value due to share-price movements, rather than realized investment profits, and considered the total holdings of the three billionaires across various companies. The contrasting movements of other tracked holdings, such as those of Femi Otedola and Jim Ovia, indicate the significant impact of individual stock performance on the overall market value of major investors' holdings during the review period.

Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.