The founder and chairman of BUA Group, Abdulsamad Rabiu, is now Nigeria’s second richest person.

After his wealth rose from $5.3billion to $5.5 billion on Friday night, he took up the post.

This represents a 200 million wealth increase after only 8 hours of trading activities on the stock exchange.

Forbes statistics shows that Mike Adenuga, who started the week in second, is now the third with about $5.5 billion net worth to sit as the 432 richest man in the world.

However, Mike Adenuga has had a difficult 2022, as seen by dataq from Forbes, and his fortune has decreased by more than $1 billion.

He started the year with $6.6 billion and now is ranked 433rd in the world and third richest individual in Nigeria.

Aliko Dangote, who has a net worth of $12.4 billion, is still the richest person in Nigeria.

He lost nearly $7 million of his riches on Friday as his business fought to keep control of the largest cement facility in Africa.

Dangote Cement operates in 10 African nations and has a total yearly production capacity of 48.6 million metric tons.

It is anticipated that Dangote's wealth will increase further once his refinery is put into operation.