Oba Otudeko, a well-known Nigerian multi-millionaire and business tycoon, has made important contributions to the Nigerian commercial sector. The Nigerian businessman recently made headlines when the Nigerian Stock Exchange announced on Saturday that the Nigerian tycoon-controlled investment company had acquired a significant 13.3-percent stake in FBN Holdings, making it the financial institution’s largest shareholder.
As the founder and chairman of the Honeywell Group, a conglomerate with interests in a variety of industries, with Honey Flour Mills serving as its flagship and most successful subsidiary.Honey Flour Mills specialized in flour-based items such as baking flour, ball snacks, noodles, and pasta, achieving global popularity and financial success. However, Flour Mills of Nigeria Plc, an agro-allied business, successfully gained a controlling share in Honeywell Flour Mills last year under the direction of Greek investor John Coumantaros. This transaction resulted in a personal gain of $53 million for the company’s owner, Otudeko.
In this article, HowNG highlights some of the most valuable businesses in the Nigerian business magnate’s portfolio.
1. Broadview Engineering Limited
Broadview Engineering, a significant part of Nigeria’s oil and gas industry, specializes in project management, engineering, procurement, construction, and maintenance services. The company focuses on offering comprehensive solutions to the country’s oil and gas companies.
The company specializes in pipeline projects, which include laying, testing, pre-commissioning, civil and mechanical work, electrical and instrumentation installations, cathodic protection systems, fiber optic cable systems, and horizontal directional drilling for river crossings.
2. HOGL Energy Limited
HOGL Energy Limited, a prominent downstream oil and gas operating firm in Nigeria, principally concentrates on selling and distributing white fuels such as diesel, kerosene, petrol, and lubricants. HOGL caters to both industrial and commercial clients.
The company operates tank farms with a combined storage capacity of 48,000 metric tons at Apapa, Lagos, and Calabar, Cross Rivers State. Furthermore, HOGL possesses a cutting-edge lubricant blending factory in Ilupeju, Lagos, with a capacity of 8,800,000 litres.
3. Rosetti Pivot Nigeria Limited
Rosetti Pivot Nigeria Limited is a well-known provider of engineering, procurement, and construction services to the Nigerian and Sub-Saharan African oil and gas industries. The company, a collaboration between Rosetti Marino S.p.A and Pivot GIS Limited, brings together expertise and experience in delivering top-tier solutions.
Rosetti Pivot is a company that specializes in developing, producing, manufacturing, and providing platforms and systems for the oil and gas industry. Rosetti Pivot Nigeria Limited has established itself as a valued partner in serving the diversified needs of the region’s energy sector via a commitment to quality and innovation.
4. Anchorage Leisures
Anchorage Leisures is a well-known hospitality company that specializes in the creation of luxury hotels. The Radisson Blu Anchorage Hotel, Lagos, is the company’s flagship development, a prominent five-star hotel located in the dynamic hub of Victoria Island. The hotel’s 170 elegantly designed rooms provide world-class accommodation as well as superb amenities to its discerning visitors.
Anchorage Leisures works in collaboration with Radisson Hotel Group, a worldwide recognized hospitality corporation known for its industry excellence. Anchorage Leisures has established itself as a pioneer in the Nigerian hospitality industry via its commitment to providing unrivaled luxury experiences.
5. Uraga Real Estate
Uraga Real Estate is a renowned real estate development company that specializes in building great residential and commercial properties for sale and leasing. The establishment and ownership of the Upbeat Recreation Centre in Lagos is one of their significant accomplishments. This renowned institution features West Africa’s first trampoline park, giving tourists with exciting amusement.
The center also has an indoor trampoline park, an outdoor basketball court, a five-a-side football pitch, and retail spaces for lease. Uraga Real Estate’s dedication to creating unique and dynamic venues solidifies its position as a market leader in Nigeria.
6. Shoreline Logistics Nigeria
Shoreline Logistics Nigeria, a leading leader in the sector of port facility operation and logistics base services in Nigeria, specializes in delivering complete coastal services and bespoke logistics solutions to satisfy the different demands of its clients.
Shoreline Logistics Nigeria is a dependable partner for clients’ Tropical West Africa (TWA) activities, with operational bases strategically placed in Calabar, including NPA Old Port and Mclver Jetty.
7. Pavilion Technology
Pavilion Technology, a leading provider of comprehensive vertical technology and security infrastructure solutions for businesses, focuses on delivering end-to-end solutions that optimize digital workplaces and cloud environments by leveraging cutting-edge technologies such as artificial intelligence and machine learning.
The company provides smart data platforms that enable businesses to use data to make strategic decisions. Pavilion Technology also specializes in planning and constructing cutting-edge technology infrastructure, including powerful cyber and electronic security systems. Their knowledge enables the smooth implementation of Internet of Things (IoT) initiatives, allowing businesses to thrive in the digital transformation era.