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Bloomberg rates Aliko Dangote richest man in Africa with $15.6bn

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Aliko Dangote

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index.

Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg.

Other Africans listed in the latest top 500 world billionaires list for the year 2023 include Johann Rupert and family of South Africa, now worth $13.3 billion, while Nicky Oppenheimer of South Africa, Nassef Sawiris of Egypt, Natie Kirsh of South Africa, and Naguib Sawiris are also worth $9.0 billion, $7.47 billion, $7.37billion and $5.93 billion respectively. These are the only five other Africans that made the list.

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In calculating net worth, Bloomberg News strives to provide the most transparent calculations available, and each individual billionaire profile contains a detailed analysis of how that person’s fortune is tallied.

The index is a dynamic measure of personal wealth based on changes in markets, the economy and Bloomberg reporting. Each net worth figure is updated every business day after the close of trading in New York. Stakes in publicly traded companies are valued using the share’s most recent closing price. Valuations are converted to U.S. dollars at current exchange rates.

Ellon Musk and Bernard Arnault are the richest in the world with $219billion and $194 billion respectively in their kitties while Jeff Bezos and Bill Gates followed respectively with $151 billion and $130 billion. Larry Ellison was the fifth richest with $130 billion on the world’s billionaires’ chart.

Bloomberg is a global information and technology company, that connect decision makers to a dynamic network of data, people and ideas – “accurately delivering business and financial information, news and insights to customers around the world” Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organisations through the Bloomberg Terminal.’

Africa’s richest man, with his new worth of $15.6 billion, controls Dangote Industries, a closely-held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement. It also has interests in sugar, salt, fertiliser and packaged foods. Dangote also recently commissioned the $19bn petroleum refinery plant, which is now the Africa’s largest refinery.

It would be recalled that Aliko Dangote, was also recently named as among the topmost charitable man in the World by Richtopia, a digital periodical that covers business, economics, and financial news, based in the United Kingdom. This recognition came after he endowed his foundation, the Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.

Aliko Dangote started his Foundation in 1981, with a mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities.

Aliko Dangote Foundation was however incorporated in 1994 as a charity in Lagos, Nigeria. 20 years later, the Foundation has become the largest private Foundation in sub–Saharan Africa, with the largest endowment by a single African donor. The primary focus of Aliko Dangote Foundation is health and nutrition, supported by wrap-around interventions in education, empowerment, and humanitarian relief.

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Niger Republic’s Military Leader’s Allegations Against Nigeria Are Baseless – FG

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Senator Bola Ahamd Tinubu

 

The Federal Government of Nigeria has strongly rejected allegations made in a viral video by the military leader of Niger Republic, General Abdourahamane Tchiani, claiming non-existent collusion between Nigeria and France to destabilize his country.

In a press release issued on Thursday, December 26, 2024, the Nigerian government described these claims as baseless and existing solely in the realm of imagination. The statement emphasized that Nigeria has never engaged in any overt or covert alliance with France—or any other country—to sponsor terrorist attacks or destabilize Niger Republic in the wake of the undemocratic change in the leadership of that country.

President Bola Ahmed Tinubu (GCFR), as Chairman of ECOWAS, has demonstrated exemplary leadership by keeping the doors of the sub-regional body open to re-engaging Niger Republic despite the political situation in the country. Nigeria remains committed to fostering peace, harmony, and historic diplomatic ties with Niger.

The Nigerian Armed Forces, in collaboration with partners in the Multinational Joint Task Force, are succeeding in curbing terrorism within the region. It is, therefore, absurd to suggest that Nigeria would conspire with any foreign power to undermine the peace and security of a neighboring country.

The press release further stated that neither the Nigerian government nor any of its officials has ever been involved in arming or supporting any terror group to attack Niger Republic. Additionally, no part of Nigeria has been ceded to any foreign power for subversive operations in Niger Republic. The government reiterated its full support for senior Nigerian officials’ untiring commitment to fostering peace and security between Nigeria and Niger and their efforts towards stronger cooperation in the ECOWAS region.

Nigeria has a long-standing tradition of safeguarding its sovereignty and territorial integrity. Unlike some nations, Nigeria has never permitted foreign powers to establish military bases on its soil, demonstrating its commitment to national independence and regional leadership.

The accusation that Nigeria seeks to sabotage Niger’s pipelines and agriculture was also dismissed as unfounded and counterproductive. Nigeria has consistently supported Niger’s economic development through joint energy and infrastructure projects, such as the Trans-Saharan Gas Pipeline and the Kano-Maradi Railway Project. It is illogical to suggest that Nigeria would undermine initiatives it has actively promoted.

The claims about the alleged establishment of a so-called Lakurawa terrorist headquarters in Sokoto State, purportedly orchestrated by Nigeria in collaboration with France, were also refuted. Nigeria has been a regional leader in combating terrorism, dedicating significant resources and lives to ensure stability in the Lake Chad Basin and beyond.

Recently, the Nigerian military launched Operation Forest Sanity III, specifically addressing the Lakurawa threat, code-named Operation Chase Lakurawa Out. The government questioned how it could be accused of harboring the same group it is actively fighting against. These accusations lack credible evidence and seem to be part of a broader attempt to deflect attention from Niger’s internal challenges.

The public was urged to disregard these false allegations. Those making such claims, particularly the military leader in Niger Republic, must provide credible evidence to substantiate them. Any attempt to blackmail Nigeria over ECOWAS’s principled stance against the unconstitutional seizure of power in Niger Republic is both disingenuous and doomed to fail.

In conclusion, the press release stated that President Tchiani’s allegations are not only unfounded but also a dangerous attempt to divert attention from his administration’s shortcomings. Nigeria remains committed to fostering regional stability and will continue to lead efforts to address terrorism and other transnational challenges. The government urged Niger to focus on constructive dialogue and collaboration rather than peddling baseless accusations.

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Gwale Old Boys Association (GOBA) Announces Annual General Meeting and Election of National Executives

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Gwale Old Boys Association (GOBA) Announces Annual General Meeting and Election of National Executives

The National President of the Gwale Old Boys Association (GOBA), Engr. Hassan Abdulkadir, on behalf of the national officials, has cordially invited members to the Annual General Meeting (AGM) and the General Election of the National Executives Council. The event is scheduled to take place on Saturday, December 28, 2024, at 11:00 AM prompt at the Murtala Mahd Hall, GGSS Gwale.

In a statement signed by the National Publicity Secretary, Bashir Habib Yahya, the association emphasized the importance of the AGM and the election in shaping the future of GOBA. The meeting will provide an opportunity for members to engage in discussions, review the association’s activities, and elect new leaders who will steer the association towards achieving its goals.

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The AGM is expected to attract a large turnout of members, including former students of Government Unity College, Birnin Kudu, Jigawa State, one of the renowned secondary schools in Northern Nigeria. The event will serve as a platform for networking, sharing experiences, and fostering a sense of community among the alumni.

Members are encouraged to attend the meeting promptly and participate actively in the proceedings. The election of the new national executives is a critical aspect of the AGM, as it will determine the leadership that will guide the association in the coming years.

 

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Adnan Mukhtar & Associates,Gwarzo Foundation to Host Annual Public Lecture on Social Media’s Role in Nation-Building

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Adnan Mukhtar & Associates, in collaboration with the Professor Adamu Abubakar Gwarzo Foundation, is set to host a one-day Professor Adamu Abubakar Gwarzo Annual Public Lecture. This year’s theme is “The Role of Social Media in Nation-Building,” in commemoration of the birthday of Professor Adamu Abubakar Gwarzo, the President of MAAUN Group of Universities.

The event is scheduled for Monday, December 30, 2024, at 11:00 AM and will be held at the Aminu Kano Centre for Democratic Research and Training, Mambayya House.

The guest speaker for the lecture will be Mallam Yushau A. Shuaib, a renowned public relations expert and social media influencer. The occasion will be chaired by Dr. Sule Yau Sule from the Department of Mass Communication at Bayero University, Kano.

Invited guests include distinguished personalities such as Dr. Musa Abdullahi Sufi, Dr. Bala Muhammad Tukur, and Amina Ibrahim Idris.

The lecture aims to explore the significant impact of social media on nation-building, emphasizing how digital platforms can be harnessed to foster unity, drive development, and promote positive change within communities.

This annual lecture is a key event that brings together scholars, practitioners, and the general public to engage in insightful discussions and share ideas on leveraging social media for societal advancement.

For further information or to confirm attendance, please contact the organizers at 08033255841 or 09098150869.

 

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