Nigerian billionaire Mike Adenuga's Conoil lifts half-year profit 472% as margins widen

Billionaires Africa | 31.07.2026 09:09
Conoil has delivered its strongest first half in years, lifting profit 472.5% to ₦5.15 billion, about $3.73 million, as the fuel marketer chaired by Mike Adenuga widened margins and cut distribution costs by more than half.