News
Bloomberg rates Aliko Dangote richest man in Africa with $15.6bn
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.
News
APC Director of Admin, Abdul Adeniji, dies in kidnappers’ custody
Staffers of the National Secretariat of the All Progressives Congress (APC) have been thrown into a state of mourning on Thursday following the news of the murder of its Director of Administration, Dr. Abdulraif Adekunle Adeniji, by suspected kidnappers who abducted him since January 26 this year.
The kidnappers went ahead to murder Adeniji after collecting the sum of about N90 million ransom.
The late Adeniji was abducted alongside his brother and his wife who was immediately shot dead due to her inability to keep pace with them while on their way to an unknown destination.
APc’s Deputy Director of Administration, Ubagha Abel, in a statement, disclosed that the party secretariat will remain closed till Monday as a result of the unfortunate development.
The Guardian
News
Special Adviser on Cooperative Groups Congratulates Governor Abba Kabir Yusuf on Leadership Awards in Education and Governance
Special Adviser on Cooperative Groups Congratulates Governor Abba Kabir Yusuf on Leadership Awards in Education and Governance
The Special Adviser on Cooperative Groups to Governor Abba Kabir Yusuf, Honourable Jamilu Abbas, has extended heartfelt congratulations to the governor for receiving the esteemed Leadership Governor of the Year 2024 award. This recognition, bestowed by the prominent Leadership Newspaper, underscores Governor Yusuf’s commitment to transformative governance.
In a statement issued to newsmen, Honourable Jamilu Abbas lauded the governor’s achievements, describing the award as a testament to his dedication to implementing people-oriented policies. “Governor Yusuf’s recognition by a national daily like Leadership Newspaper is a clear indication that his administration is focused on improving the lives of the common man,” Abbas remarked.
Honourable Abbas further expressed his personal admiration for the governor’s accomplishments. “On behalf of myself and my family, I congratulate the people’s governor on this well-deserved award. It showcases that governance has firmly taken root in our state,” he stated.
Governor Yusuf’s accolades extend beyond this singular honor. He has also been celebrated by Vanguard Newspaper and Heritage Times Magazine, receiving titles such as Governor of the Year (Education) and African Governor of the Year (Good Governance). These recognitions collectively highlight his exemplary leadership and unwavering commitment to progress.
News
Governor Abba Kabir Yusuf Named Leadership Governor of the Year 2024 for Education
Kano State Governor, Alhaji Abba Kabir Yusuf, has been named Leadership Governor of the Year 2024 in recognition of his outstanding contributions to the education sector.
The award was presented during the 17th Leadership Newspaper Awards held at the Banquet Hall of the Presidential Villa, Abuja. The event celebrated notable Nigerians who have made significant impacts in various fields, including Alhaji Aliko Dangote, who was named Person of the Year 2024, and the Governor of Jigawa State, who also received a Governor of the Year award.
In a statement issued by the Governor’s spokesperson, Sanusi Bature Dawakin Tofa, the recognition was described as a validation of Governor Yusuf’s bold reforms in education, which have repositioned the sector in Kano State after years of neglect.
Governor Yusuf was particularly commended for allocating 31% of the state’s annual budget to education, surpassing the UNESCO benchmark, and for declaring a state of emergency on the sector.
His administration’s initiatives include massive school renovations, provision of learning materials, recruitment of teachers, and the launch of a comprehensive Education Recovery Plan.
Speaking after receiving the award, Governor Yusuf expressed gratitude to the organizers, describing the honor as unexpected and highly credible.
“We never imagined that our efforts would receive such national recognition. We did not pay for this award, we did not lobby for it — we were simply recognized for what we have achieved in Kano,” the Governor said.
He dedicated the award to vulnerable children across the state and reaffirmed his administration’s commitment to deepening reforms in education.
“This recognition has given us more encouragement to keep pushing for excellence. I thank the Leadership Newspaper management and the media for their continued support,” he added.
The event also marked the 20th anniversary of Leadership Newspaper, celebrating two decades of impactful journalism.
APC Director of Admin, Abdul Adeniji, dies in kidnappers’ custody
Special Adviser on Cooperative Groups Congratulates Governor Abba Kabir Yusuf on Leadership Awards in Education and Governance
Governor Abba Kabir Yusuf Named Leadership Governor of the Year 2024 for Education
AB Mahmoud, Kurawa urge devolution of powers for effective Justice system
Presidency Defends Tinubu’s Alleged Lopsided Appointments
APC Director of Admin, Abdul Adeniji, dies in kidnappers’ custody
Special Adviser on Cooperative Groups Congratulates Governor Abba Kabir Yusuf on Leadership Awards in Education and Governance
Governor Abba Kabir Yusuf Named Leadership Governor of the Year 2024 for Education
AB Mahmoud, Kurawa urge devolution of powers for effective Justice system
Presidency Defends Tinubu’s Alleged Lopsided Appointments
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