Telecom billionaire and one of Nigeria’s oil barons Mike Adenuga makes a comeback as  Nigeria’s second-richest man with a $7.4 billion net worth valuation, pushing Abdul Samad Rabiu to third position. 

This surge in wealth can be attributed to Forbes’ recent reassessment of the valuation of his mobile phone network, Globacom, which he founded and currently stands as the third-largest telecom service provider in Nigeria. 

Founder of the third-largest telecom service provider in Nigeria, Globacom, Adenuga had temporarily lost the second-richest position to Samad Rabiu in 2022.

However, following Forbes‘ recent reassessment, he now holds the title of Nigeria’s second-richest person, trailing only behind Aliko Dangote.