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Forbes 2023 Index: Dangote Still Africa’s Richest for 12th Consecutive Year  

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Aliko Dangote

 

…Listed among world’s top 200 richest persons

For the 12th year consecutively, Aliko Dangote, President of the pan-African Conglomerate, the Dangote Group has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world’s reported billionaires.

Dangote, whose business flagship, Dangote Cement Plc is the largest producer of cement in Africa, is the only Nigerian in the list of first 200 richest men in the world with an estimated net worth of $14.2 billion, up from last year’s $12.1 billion.

Forbes, in its latest ranking of world billionaires for 2023 reported that falling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people.

Dangote, presently ranked 124th among the world’s richest billionaires, is the only Nigerian in the top 200 world billionaires and one of the two Africans within that bracket; with South Africa’s Johann Rupert, who deals in luxury goods ranked 157th with a net worth of $11.1 billion.

The Africa’s richest man founded and chairs Dangote Cement, the continent’s largest cement producer. Dangote Cement has production capacity of 51.6 million tonnes per year across ten countries in Sub-Saharan Africa, with integrated factories in seven countries, a clinker grinding plant in Cameroon, and import and distribution facilities in Ghana and Sierra Leone.

Dangote also owns stakes in publicly traded Dangote Salt (NASCON) and Dangote Sugar manufacturing companies. His Dangote Petroleum Refinery, touted to be the world’s largest single-train refinery, was recently commissioned and is expected to process 650,000 bpd of petroleum for domestic consumption and export; in what experts have described as a game changer in the oil and gas sector.

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The foremost philanthropist had earlier been rated 11th of the 50 World’ Greatest men and women of all time by the Fortune Magazine, an American multinational business magazine which premised the ranking of the world’s greatest mainly on the businesses run by the men and how they have used it to impact their society positively.

The time-tested magazine, which first edition was published in February 1930, said the world’s greatest men and women are transforming the world and inspiring others to do so in business, government, philanthropy and the arts. “These thinkers, speakers, and doers make bold choices and take big risks- and move others to do the same”, the magazine declared.

Specifically, Dangote earned nomination after being adjudged as having used his business to acquire wealth and is now converting his wealth into impactful philanthropy through his Aliko Dangote Foundation.

The top 10 greatest men and women, according to Fortune Magazine are: Bill and Melinda Gates, Jacinda Ardem, Robert Mueller, Pony Ma, Satya Nadella, Greta Thunberg, Margrethe Vestager, Anna Nimiriano, Jose Andres, and Dough Mcmillon and Lisa Woods.

 

The ranking of Dangote as one of the greatest business leaders had attracted comments by eminent persons around the world who described him as worthy of the nomination going by his business acumen and philanthropic gestures.

On the billionaires ranking for 2023, Forbes, the global media company said nearly half the world richest list are poorer than a year ago, including Elon Musk with net worth of $180b, falling from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla, his multinational automotive and clean energy company.

Benard Arnault, the 74-year old French, who is the head of luxury goods giant LVMH, was ranked number one richest man in the world with a net worth of $211b, the very first time a France national will top the list.

Forbes reported that the party is over for many of the world’s richest people. For the second straight year, both the number of billionaires around the globe has declined from 2,668 in 2022 to 2,640 in 2023 and total billionaire wealth has dropped, too – down by $500 billion, to $12.2 trillion – as turbulent times have hit both public and private markets.

Nearly half the planet’s billionaires are poorer than they were a year ago. A total of 254 people have lost their billionaire status altogether yet others recorded gains.

Overall, the United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion. To calculate net worths, Forbes used stock prices and exchange rates from March 10, 2023.

 

 

 

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Arewa Rents Charts a Digital Future for Northern Nigeria’s Property Market”

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Arewarents.com, a property marketplace startup focused on Northern Nigeria, is positioning itself to transform how people rent, buy, and access short-let properties across the region through technology and innovation.

The startup pitched its idea today at the first Kano Startup Weekend, an event organized by the Kano State Information and Communication Technology Development Agency (KASITDA). The event brought together startups, investors, mentors, and ecosystem leaders to showcase emerging solutions addressing real market challenges.

At the pitch, Arewa Rents presented its vision of building a centralized digital platform for property rentals, sales, and short-lets, designed specifically for the Northern Nigerian market. According to the Founder of Arewa Rents, Anas Y. Yusuf, the goal is to “create a single trusted platform where people can easily find verified properties without relying on scattered and unreliable sources.”

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Northern Nigeria’s real estate market remains largely informal, with property listings scattered across social media, local agents, and offline networks. This fragmentation creates inefficiencies, limits visibility for property owners and agents, and makes it difficult for renters and buyers to access verified properties in one trusted place.

Addressing this gap, Anas Y. Yusuf noted that Arewa Rents is “leveraging technology to bring structure, transparency, and trust into the property market, while making it easier for agents and landlords to reach serious clients.”

Arewa Rents is developing a technology-driven property marketplace that aggregates verified listings for homes, apartments, shops, and short-stay properties. The platform is designed to connect renters, buyers, agents, developers, and landlords more efficiently, while improving transparency in property transactions.

As the startup continues to build and scale its platform, Anas Y. Yusuf emphasized that the long-term mission is “to make property renting, buying, and short-let access in Northern Nigeria more efficient and accessible through a trusted digital marketplace.”

With its regional focus and marketplace-driven approach, Arewa Rents is emerging as a startup positioned to play a key role in the digital transformation of Northern Nigeria’s real estate sector.

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News Analysis: Wike in the Wilderness as Fubara Dines with the APC

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By Yusuf Danjuma Yunusa

On Friday, December 12, 2025, the Rivers State governor, Siminalayi Fubara, was issued the membership card of the ruling All Progressives Congress(APC).

The party’s membership card issuance took place at the Rivers State government house, and it marks the official transitioning of governor Fubara to the fold of the ruling party, APC.

Speaking during the officiating, governor Fubara expressed joy, stating that President Tinubu’s vision will now be shared with the state.

“To everything under the sun, there is a time and season and I am happy today that I formally obtained the membership card of the APC.

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This primarily, is to align our dear state with the ruling party at the centre, with a firm belief in Mr President and the Renewed Hope Agenda to rapidly contribute to the growth, stability and development of Rivers State,” Fubara said.

The sudden and shocking defection of governor Fubara from the PDP to APC has been one of the top trending national discourse recently.

Netizens have proclaimed the “use and dump” tactics on Wike, saying that the presidency no longer see value in him.

Unverified reports have it that the FCT Minister might not make it to the next administration of President Tinubu if he gets re-elected since they’re now with governor Fubara, who commands the leadership of APC in the State now.

Also, rumors have it that Wike tried all he could to sabotage the defection of governor Fubara into the All Progressives Congress, but all to no avail.

Consequently, people have been inquisitive:

1. Will Wike now Join APC in order to wield state supremacy?
2. Will he work for or against the very APC he worked for during 2023 presidential election?
3. If he doesn’t join the APC, will 2027 be the end of his political relevance?

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FG Bans New SS3 Admissions Nationwide to Fight Exam Malpractice

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By Yusuf Danjuma Yunusa

 

The Federal Government has announced a nationwide ban on the admission and transfer of students into Senior Secondary School Three (SS3) in both public and private secondary schools, effective from the 2026/27 academic session.

The directive was disclosed in a statement signed by Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education, as part of efforts to curb examination malpractice and restore credibility to Nigeria’s education system.

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According to the ministry, the decision follows growing concerns over widespread examination malpractices, including the use of so-called special centres during external examinations. Under the new policy, student admissions and transfers will be permitted only into Senior Secondary School One (SS1) and Senior Secondary School Two (SS2).

“Admission or transfer into SS3 will no longer be permitted under any circumstance,” the ministry stated.

Officials explained that the measure is intended to prevent last-minute movement of students for examination advantages, ensure proper academic monitoring, and promote continuity in teaching and learning.

School proprietors, principals, and administrators across the country have been directed to comply strictly with the policy, with the ministry warning that violations will attract sanctions in line with existing education regulations.

The statement reaffirmed the Federal Government’s commitment to upholding academic standards, promoting fairness, and restoring confidence in public examinations nationwide.

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