Dangote and Rabiu's Wealth Soars Amid Strong Naira
Aliko Dangote and Abdul Samad Rabiu have experienced substantial increases in their wealth, attributed to a strong naira and a bullish Nigerian stock market. As of early 2026, Dangote's net worth reached $31.8 billion, reflecting a gain of $1.84 billion, while Rabiu's wealth increased by $1.2 billion to $11.4 billion.
The naira's recent stabilization and Nigeria's gross external reserves rising to $49 billion have enhanced the Central Bank of Nigeria's ability to stabilize the economy. Dangote has re-entered the $30 billion billionaire club, bolstered by the anticipated IPO of Dangote Refinery, which is expected to significantly impact wealth across Africa.
The refinery, with a capacity of 650,000 barrels per day, achieved 100% operational capacity and is a key driver of Dangote's wealth increase. Meanwhile, BUA Foods, owned by Rabiu, has become a valuable company on the Nigerian exchange, with a market value of approximately N14.4 trillion and a net profit of 500 billion naira in 2025.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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