While a vast majority of Nigeria’s wealthiest businessmen spurn the capital markets, preferring to build their fortunes through privately-held companies, the Nigerian Stock Exchange still accounts for a substantial portion of the wealth of a number of the country’s richest individuals.

Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the five richest people who own stocks listed on the Nigerian Stock Exchange. The value of the shares is based on prices at the end of trading on August 9, 2011. Note: these figures exclude private assets.

http://businessnews.com.ng/2011/08/14/five-richest-nigerian-stockholders/