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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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DSP Barau Jubrin’s donation sparks off crisis amongst Kano NLO clubs, Abba Gida Gida fc boss suspended

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By Abdulgafar Oladimeji

Nationwide League One, NLO clubs under the aegis of Nationwide League Clubs Kano Forum are engulfed in an affray over the intervention funds doled out to clubs affiliated to the Forum by Deputy Senate President, DSP senator Barau Jubrin.

Major sports platform were awash with the news of the good will by the senator representing Kano north, who had out of philanthropy resort to pay the 2025 NLO registration fees for the supposed member clubs affiliated to the forum.

The chairman, Abba Gida Gida football club , Mustapha Tiyya last Monday night fired the first salvo that ignited the dispute that is roaring to consume the forum.

Tiyya released a voice note on the official platform of the forum, where he accused the leadership of the forum of alleged breach of trust and cheating.

Tiyya who made the outburst in local parlance said “ the leadership of this forum has breached the trust of we members of this forum.

He further alleged that “ you the leaders of our forum travelled to Abuja to collect monetary donations from DSP Barau Jubrin, on our behalf, you betrayed our trust and also betrayed yourselves .

Mustapha accused the leadership of the forum of collecting N20 million from senator Barau, out of the amount collected he alleged that the sum of N4million was diverted to personal use by the forum’s exco .

Tiyya, who claimed to be speaking on behalf of the aggrieved NLO clubs, said their intention from now hence is to engage and expose the misdeeds by the leadership of the forum in what he described as the mother of all battles against injustice, and breach of trust.

“for years, we spent heavily to run our clubs, who gave us the money we have to use to run our clubs, now you went to Abuja to collect the donation on the behalf of us all and shared it in an unjustifiable manner.”

In a swift reaction, the Public relations Officer, PRO, Nationwide league Clubs Kano Forum, Ibrahim Usman Arzai, a.k.a Na’alungu dismissed the allegations as baseless and lacking in facts and substance.

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He explained that the monies donated by senator Barau to the clubs was meant and was given to those clubs whose club league registration with the Nationwide league One, NLO is up to date.

Arzai said “ it is a law that once you fail to register with the league or let me put it that once you fail to meet your obligations to feature in the league for one season, you lose your registration and your validation to benefit from any gesture of such nature, in cases like the situation we found pursleves regarding the donation from DSP Barau Jubrin.” .

He pointed out that “ any club that did not benefit from the intervention funds from senator Barau Jubrin did not fulfill the requites to be considered , which includes having an up to date registration with the Nationwide League One. NLO.”

“20 clubs had failed to meet the requirements to benefit from the Barau largesse, because they failed to meet their obligations, such as failing to play in the league last season, the donor opted to consider only clubs that were up to date with their NLO registration.”

He affirm that, disciplinary measures have been slammed against Mustapha Tiyya the chairman of Abba Gida Gida football club , he said Tiyya allegedly resorted to the use of abusive language and committed acts that were considered as unsporting against the regulations that regulates the affairs of the forum.

Arzai then said “during the administration of governor Abdullahi Umar Ganduje, we received N96 million as support funds and it was shared equally to all Nationwide League clubs, this really helped the clubs , but since the coming of the current NNPP government under his Excellency, Engineer Abba Kabir Yusuf, we have written severally to his government to support us, two years down the lane, we have been rejected and dejected..

“this time we approached senator Barau, he came to our rescue and all the clubs that deserve to benefit from the intervention funds from DSP Barau have gotten theirs without political biase, including Kwanklwasiyya fc were given their share .”

“For Tiyya fc to now claimed that they were excluded due to biase or alliances is a ruse, I rather challenge those of them that have an NNPP or Kwankwasiyya alliances that they should proceed to convince the incumbent Kano state , NNPP government to support NLO clubs , as was the tradition before the arrival of the present Kano state government.” Arzzai stated.

It would be recalled that, Ismail Mudashir Special Adviser to the Deputy President of the Senate on Media and Publicity on Tuesday March 25, 2025, Senator Barau Jibrin had paid the NLO registration fees for 52 clubs in Kano .

DSP Barau is quoted saying ” Nothing is too much to engage our youths. I’m paying the registration fees for all the 52 clubs today. The more, the merrier. Let them all participate in the NLO. As a footballer and a midfielder while growing up, I know the importance of participating in competitions like this.

“Aside from my club – Barau FC, I will continue to support other clubs to succeed. Football has many benefits, and it is very lucrative. We know how footballers are building health facilities, educational institutions, and places of worship, among others,” said Barau Jubrin.

*… SAHEL SPORTS NEWS*

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Galadiman Kano Alhaji Abbas Sanusi Dies At 92

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The most senior councillor and oldest member of Kano Emirate Council, Abbas Sanusi, has died aged 92.

The late prince, who held the most senior title of Galadiman Kano, died on April 1 in Kano after a protracted illness.

Abbas Sanusi, who had been a member of the Kano Emirate Council since the late 50s, was first appointed as Sarkin Dawakin Tsakar Gida and the district head of Ungogo by his father, Emir Sanusi I, in 1959.

He became Dan Iyan Kano in 1962 during the reign of Emir Muhammadu Inuwa, and later during the reign of Emir Ado Bayero, became the Wambai of Kano.

He was elevated to the most senior title of Galadiman Kano during the first reign of his nephew, Emir Muhammadu Sanusi II.

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Born in 1933 in Bichi, the late royal started his education at the Kofar Kudu Elementary School in 1944 and later attended the Kano Middle School (Rumfa College today) in 1948.

Among his children is Abdullahi Abbas, the present chairman of the Kano chapter of the All Progressives Congress, APC.

His funeral prayer will hold at Emir’s Palace, Kofar Kudu, Kano at 10am on Wednesday.

Daily Nigerian

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BREAKING: President Tinubu has sacked NNPCL GCEO Mele Kyari

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President Tinubu has also sacked all board members who were appointed alongside Akinyelure and Kyari in November 2023.

Adedapo Segun, who took over the role of chief financial officer from Umaru Isa Ajiya last November, has been named to the new board by President Tinubu.

Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

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President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.

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