Who is mike adenuga of globacom

He is a man with humble beginning, he had his secondary school education at the Ibadan grammar school Oyo State. He worked as a taxi driver and security guard to support his education while studying at the university.

He graduated from Northwestern Alva Oklahoma State university and pace university New York, with a degree in business administration. Adenuga means different things to different people; he is a husband, father, team leader, role model, an entrepreneur. He has built a fortune in mobile telecom and oil production. He launched Globacom mobile phone network in , which has reached about 30 million subscribers, and advancing its operation in West Africa, i.

He made his first fortune at age 26 in the s when he returned to Nigeria after studying in the US. He made some powerful friends in the Nigerian military and relied on those relationships to corner lucrative state construction contracts. He used that to build Conoil and became the first Nigerian to strike oil in commercial quantities. In , he received a drilling license and in , his consolidated oil struck in the shallow waters of South Western Ondo State, the first indigenous oil company to do so in commercial quantity.

He was issued a conditional GSM license in , after it was revoked he received the second one when the government held another auction in In , Dr Adenuga won the coveted Silverbird man of the year award. The company is engaged in the marketing of refined petroleum products and also in the manufacturing and marketing of high quality lubricants and chemicals for domestic and industrial use.

Conoil have over the years gained a unique understanding of research and quality control, which they continuously apply in all their businesses in order to offer the best propositions to customers.

Conoil has also developed innovative means of manufacturing and distributing its products through its wide network of outlets. The company invests its financial and technical resources in the development of high- performance products and in the provision of services that match or even surpass international standards, paying strict attention to the finest details of health, safety and environmental best practices.

Glo is the first individual African company to embark on such a project. Glo-1 has the potential to provide high speed internet services, faster, more reliable and cheaper telecom services for the public. It will potentially facilitate foreign investment and employment jobs opportunities especially to Africans. Glo was the first telecom to introduce per second billings, it also pioneered products like Blackberry, vehicle tracking, mobile internet and mobile banking services in Nigeria.

See Also: Business ideas to start with K in Nigeria and make money. The billionaire started out as a taxi driver in New York hustling to pay for his university tuition.

At some point, he sold soft drinks and lace material. For Mike Adenuga, once the business is legal and he understands it and it can generate revenue, he is good to go. We can say that fate smiled on Mike. The policy allowed individuals to engage in the business of oil exploitation and exploration. In , he was granted a drilling license and in , he started his Consolidated Oil struck oil in the shallow waters of Ondo state.

See Also: How to promote and advertise your business on Nairaland. With this license, he started the Globacom we all know today. Globacom has grown rapidly to become a very large Telecom Operator in Nigeria and Africa with over 36million subscribers. He is still scouting for more licenses in other West African countries.

Mike is still on top of his game and his name comes to mind when you mention Oil and Gas or Telecommunication in Africa. See Also: Examples of hospitality business ideas you can start and how to start it. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges.

You may contact her via [email protected]. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Home Research Profiles. November 22, Share on Facebook Share on Twitter.

Related posts. Developing gas infrastructure will help create employment and expand the economy — Senator Gabriel Suswam November 14, He also founded and developed Devcom Bank and Equitorial Trust Bank into highly profitable companies that played active pioneering roles in developing the public, commercial and retail sectors of the economy. These two companies were consolidated into one, Equitorial Trust Bank, which recently merged with Sterling Bank Plc, with Adenuga as the largest shareholder of the latter bank.

Mike Adenuga carries out his philanthropic activities through the Mike Adenuga Foundation, helping people in Nigeria and other African countries. He made his first million at age 26 selling lace and distributing soft drinks. Middle East. Brazil Report Mexico Report.