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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.

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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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Former Kano NUJ Chairman Abbas Ibrahim Loses Mother at 91

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Hajiya Binta Ibrahim, mother of former Chairman of the Nigeria Union of Journalists (NUJ), Kano State Council, Comrade Abbas Ibrahim, has died at the age of 91.

Hajiya Binta died on Friday, November 6, 2026, following a protracted illness.

The deceased was the mother of Comrade Abbas Ibrahim, who also served as the Labour Party’s Deputy Governorship Candidate in Kano State during the 2023 general elections.

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Among her surviving children are Salamatu Saminu, a retired Director in the Kano State Government; Halima Ibrahim; and Comrade Abbas Ibrahim.

The funeral prayer for the deceased is scheduled to hold on Friday, November 6, at Sahaba, Kundila, Kano, immediately after the Juma’at prayer.

Her death is a loss to her family, relatives and associates, who will remember her for the years she spent nurturing her children and contributing to the growth of her family.

May Almighty Allah forgive her shortcomings, grant her soul eternal rest and admit her into Jannatul Firdaus. Amin.

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Kano Intensifies War Against Drug Abuse, Thuggery as Governor Abba Commissions Quick Response Squad

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Kano State Governor, Alhaji Abba Kabir Yusuf, has commissioned a Quick Response Squad of the Multi-Agency Task Force on Drug Abuse and Illicit Trafficking, alongside operational equipment worth hundreds of millions of naira, as part of renewed efforts to combat drug abuse, thuggery and illicit drug trafficking in the state.

Governor Yusuf performed the commissioning on Thursday, November 5, 2026, describing the initiative as a major step towards strengthening the state’s capacity to tackle substance abuse and its associated social problems.

Speaking at the ceremony, the governor expressed satisfaction with the progress recorded by his administration in the fight against drug abuse, saying sustained interventions by the government and relevant agencies were gradually yielding positive results.

“I am the happiest man in Kano today as we continue to push drug abuse down to the barest minimum,” Yusuf declared.

The governor explained that the newly established Quick Response Squad would improve the operational effectiveness of the Multi-Agency Task Force by ensuring swift responses to reports, drug-related incidents and emerging security threats associated with substance abuse and illicit trafficking.

He said the provision of operational equipment worth hundreds of millions of naira demonstrated his administration’s determination to equip relevant agencies with the necessary resources to confront the growing challenges of drug abuse and other related crimes.

Yusuf stressed that the fight against substance abuse should not be limited to arrests and prosecution, noting that rehabilitation, skills acquisition and reintegration were equally important in addressing the problem.

According to him, the state government would continue to strengthen vocational training, apprenticeship and skills acquisition programmes to ensure that rehabilitated persons acquire legitimate means of livelihood and are prevented from returning to drug abuse or criminal activities.

The governor maintained that providing economic opportunities for rehabilitated persons remained essential to achieving sustainable results in the campaign against substance abuse.

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He commended the Chairman and members of the Multi-Agency Task Force for their dedication, courage and commitment, saying the achievements recorded within a relatively short period reflected the importance of collaboration among government institutions and other stakeholders.

Yusuf, who was accompanied by the Speaker of the Kano State House of Assembly, Rt. Hon. Jibril Ismaila Falgore, and other senior government officials, also inspected the newly commissioned facility and operational equipment procured to strengthen the activities of the Task Force.

During the inspection, the governor expressed satisfaction with the level of preparedness and operational capacity demonstrated by the Task Force, urging its leadership and personnel to sustain their commitment to protecting young people from the dangers of substance abuse.

He described drug abuse as one of the major threats to the wellbeing and future of young people, stressing the need for sustained government intervention and collective action to address the menace.

In his remarks, the Chairman of the Multi-Agency Task Force on Drug Abuse and Illicit Trafficking, Muhyi Magaji Rimin Gado, reaffirmed the commitment of the agency to intensifying its operations against drug abuse, thuggery and illicit trafficking across Kano State.

Rimin Gado said the commissioning of the Quick Response Squad and the provision of modern operational equipment would significantly enhance the Task Force’s ability to respond promptly to drug-related challenges and protect communities from the devastating consequences of substance abuse.

He assured the governor that the Task Force would sustain its operations and remain committed to its mandate, emphasising that the fight against drug abuse required consistency, determination and effective collaboration among relevant agencies.

The chairman expressed appreciation to Governor Yusuf for what he described as his strong political will, commitment and continued support towards confronting drug abuse and illicit trafficking in the state.

He noted that the governor’s backing had provided the Task Force with the confidence and operational resources required to intensify its activities and discharge its responsibilities without fear or favour.

Rimin Gado further emphasised that combating drug abuse was not solely the responsibility of law enforcement agencies but a collective social responsibility requiring the participation of traditional rulers, religious leaders, parents, communities, educational institutions, security agencies and other stakeholders.

He pledged that the Task Force would continue to strengthen its enforcement operations while expanding preventive interventions, rehabilitation and reintegration programmes to address the problem from multiple angles.

The chairman expressed optimism that with sustained government support and the cooperation of stakeholders, Kano State would make further progress in reducing substance abuse and illicit drug trafficking to the barest minimum.

The event was attended by the Speaker of the Kano State House of Assembly, senior government officials and other stakeholders involved in the state’s campaign against drug abuse.

Signed: Lamara Garba, mnipr, Secretary, Media and Publicity Committee, Multi-Agency Task Force on Drug Abuse and Illicit Trafficking.

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APC Youth Coalition Petitions Akpabio, Defence Minister, Amnesty International Over Alleged Lawlessness by Dan Agundi

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The Coalition of APC Progressive Youth Group has petitioned President of the Senate, Senator Godswill Akpabio, the Minister of State for Defence and international human rights organisation, Amnesty International, over alleged acts of lawlessness and the organisation of an illegal protest by Hon. Baffa Babba Dan Agundi.

The coalition, through its representative, Comrade Usman Salisu, disclosed this while addressing newsmen, saying the petitions were aimed at drawing the attention of relevant authorities to what it described as Dan Agundi’s alleged disregard for constituted authority and the rule of law.

Salisu explained that the petition to Amnesty International followed earlier submissions to the Senate President and the Minister of State for Defence, urging them to intervene over what the group characterised as a growing tendency by the APC chieftain to act above the law.

According to the coalition, the petitions, dated October 30 and November 2, 2026, were formally acknowledged by the respective offices on November 5, 2026.

The group particularly accused Dan Agundi of organising an illegal protest allegedly aimed at reigniting the Kano Emirate crisis through an open declaration of support for Alhaji Aminu Ado Bayero, despite the matter remaining before a court of competent jurisdiction.

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It maintained that the alleged action amounted to a disregard for the judicial process and constituted authority, warning that public demonstrations capable of escalating an already sensitive traditional institution dispute could undermine peace and stability in Kano State.

The coalition further alleged that Dan Agundi’s conduct had contributed to the vandalisation of banners bearing the images of President Bola Ahmed Tinubu and Kano State Governor Abba Kabir Yusuf.

“This attitude of acting above the law and taking laws into his own hands led to the vandalisation of banners of the President and the Governor,” the group alleged.

It also accused the APC chieftain of allegedly exploiting the Kano Emirate dispute to encourage youth thuggery and political violence, warning that mobilising young people along political and factional lines could pose a serious threat to public safety and peaceful coexistence.

The coalition expressed concern that the alleged activities, if left unchecked, could create an atmosphere of political hostility and insecurity, particularly at a time when Kano State requires sustained efforts to maintain peace among its diverse political and traditional interests.

It said it could no longer remain silent in the face of what it described as persistent disrespect for the rule of law, insisting that political affiliation should not confer immunity on anyone against investigation or lawful accountability.

The group therefore called on the Senate President, the Minister of State for Defence and Amnesty International to take note of the allegations and ensure that appropriate steps were taken by relevant authorities.

It specifically demanded an impartial and evidence-based investigation into the allegations against Dan Agundi, urging security agencies and other relevant institutions to take appropriate action if the accusations were substantiated.

The coalition added that decisive action against anyone found culpable would serve as a deterrent to others who might seek to take the law into their own hands, stressing that respect for the rule of law remains essential to sustaining peace, security and stability in society.

 

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