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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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Ganduje Shelves Attempt To Establish Independent Hisbah – Dan Agundi

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The attempt for the establishment of an independent Hisbah group in Kano State has been withdrawn and suspended – Baffa Babba Dan Agundi.

This was contained in a statement issued and signed by Alhaji Baffa Babba Dan Agundi, who said the withdrawal of the attempt was followed by a meeting with all stakeholders across the 44 local governments held at the Tinubu campaign office on Tuesday, the 16th of December.

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The statement added that the decision was following widespread outcry that trailed the attempt to establish the independent Hisbah group and the intervention of stakeholders, especially the Kano State Government and Department of State Services, as well as the former Executive Governor of Kano State, Dr. Abdullahi Ganduje, to ensure peace and stability.

The statement revealed that the meeting resolved to suspend the establishment of an independent Hisbah Fisabilillah to allow the Kano State Government to look into the issues amicably.

The statement maintained that the meeting also reiterated respect for the constituted authority and resolved to cooperate with security agencies for the maintenance of law and order as well as safety in Kano State and the country at large.

 

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ICPC Confirms Receipt of Dangote Petition Against NMDPRA CEO, Vows to Launch Investigation on the Matter

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By Yusuf Danjuma Yunusa

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has acknowledged the receipt of a formal petition filed by billionaire industrialist Aliko Dangote against Farouk Ahmed, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

In the petition, Dangote alleges that Ahmed engaged in economic sabotage and corrupt practices, including the purported use of $5 million in public funds to cover his children’s tuition at Swiss schools.

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The petition, submitted earlier this week, calls for an investigation into Ahmed’s conduct and alleged misuse of office. The ICPC has confirmed that the matter is under review in line with standard procedural protocols, and will investigate in due time.

“The Independent Corrupt Practices and Other Related Offences Commission (ICPC) writes to confirm that it received a formal petition today Tuesday 16th December, 2025 from Alhaji Aliko Dangote through his lawyer. The petition is against the CEO of the NMDPRA, Alhaji Farouk Ahmed.

“The ICPC wishes to state that the petition will be duly investigated,” said a statement by ICPC spokesman, John Odey.

No further statements have been released by either the ICPC or NMDPRA regarding the allegations at this time.

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None of Nigeria’s Presidents have Brigadier Generals as ADC, as the promotion of Tinubu’s ADC was shelved.

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None of Nigeria’s Presidents have Brigadier Generals as ADC, as the promotion of Tinubu’s ADC was shelved.”

The controversial plan to decorate Nurudeen Yusuf, aide-de-camp (ADC) to President Bola Tinubu, as a one-star general on Monday evening was shelved at the last minute after an intervention by two former chiefs of army staff.

Yusuf, who was only decorated as a colonel last January, was to be promoted to the rank of brigadier-general through “special presidential promotion”.

Under normal process, an officer has to be a colonel for at least four years after which he or she will attend the National Defence College (NDC) before they are considered for promotion.

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The approval to bypass the process was conveyed in a letter from the office of the national security adviser (NSA) to the Chief of army staff.

No brigadier has ever been ADC to the president of Nigeria, leading to further disquiet within the military establishment.

Ahead of the planned decoration on Monday, the minister of defence, Chris Musa — who is a retired general — and the chief of army staff, Waidi Shaibu, a lieutenant general, had cut short their visit to Lagos state and returned to the federal capital.

However, two highly respected former army chiefs eventually succeeded in persuading Tinubu to shelve the plan because of the dangers to the military establishment, TheCable learnt.

A presidential source told that the promotion is not going to happen “anytime soon”.

 

 

The cable

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