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Dangote Now Worth $17.8bn, Only Nigerian On Bloomberg Top Billionaire’s List

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Dangote

Africa’s richest man, Aliko Dangote has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as the only Nigerian in the Bloomberg’s yearly top billionaire lists.

 

Other Africans on the lists are three South Africans. They are Johann Rupert and family, worth $10.1 billion; Nicky Oppenheimer with a worth of $7.80 billion and Natie Kirsh who is reputed to worth $7.15 billion. Nassef Sawiris from Egypt is also among African billionaires with a worth of $6.93 billion.

 

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.

 

Dangote, who remains the richest man in Africa for the 8th year running, was the only Nigerian on the list of the top 120 billionaires, as released on Monday by Bloomberg in its yearly billionaires list.

 

Ellon Musk and jeff Bezos are the richest in the world with $194 billion in their respective kitty while Bernard Arnault and Bill Gates followed respectively with $174 billion and $148 billion. Mark Zuckerberg was the fifth richest with $135 billion on the world’s billionaires chart.

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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 improved worth of $17.8 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.

 

It would be recalled that Aliko Dangote, was also recently named as the sixth most 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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Nigeria Triumph In Dubai Spelling Bee Challenge Despite Sponsorship Woes

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Nigeria colours is currently flying high in far away United Arab Emirate, where her team came 1st in the senior category of an intercontinental Spelling Bee competition final held at the weekend.

Spelling Bee

 

Nigeria team featured in 2 categories of the 2021 Intercontinental Spelling Bee competition final held on Friday 24th September at the Best Western plus Hotel Deira Creek Dubai.

 

 

The team came 1st in the senior category courtesy Oni Inioluwa Daniel of the Ambassadors College, Ota and Nigeria also came 3rd with Olujobi Oluwadarasimi Opeyemi also of Ambassadors College, Ota, Ogun State.

 

 

In the junior category Pearl Koshi Etika-Matthews Eni Memorial High School, Calabar, Cross Rivers State came 2nd, whilst Nanret Adamu from St. Augustine College, DU, Jos, Plateau State emerged the most promising Speller in the Senior category.

 

 

The Nigerian Consulate in Dubai was ably represented by Consul Prince Wale Awolesi, who donated $500 of his personal funds to the over $4,000 left to settle their bill.

 

Peat Philips Foundation

Akin Olu-Philips the executive director Of Peat Philips Foundation, led the team to a successful outing in Dubai.

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Female Journalist Laments EFCC Night Invasion Of Her Bedroom, Kitchen

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A woman journalist, Mrs. Norah Okafor, has alerted authorities to the invasion of her home in Umuahia, the Abia State capital, by over 25 masked operatives of the Economic and Financial Crimes Commission (EFCC).

 

 

The incident, she said, took place on Thursday between 1:36 a.m and 2 a.m.

 

 

 

“At exactly 1:36 a.m, I was alerted by my brother that there were armed robbers at my gate trying to make their way into the compound. Because it was an electric fence, I didn’t bother enough because I felt they could not make their way in. Alas, I was wrong. At 2 a.m prompt, they entered the compound, and they came prepared. There were over 25 of them in two Hilux buses. They were masked and dressed in all-black attire.

 

 

A huge member of the team climbed the fence with a pair of pliers and immediately cut off parts of the wires. He jumped into the compound and, with an axe, broke the gate key open to enable the team enter my apartment.

 

 

“As a nude sleeper, while they tried to make their way into the compound, I found something to wear while my brothers and I were thinking of a way of escape. The worst case scenario for me was that they would rape or take the only valuable available (a car key).

 

 

So, I prepared my mind. The next thing I realised was that about seven of them were in my room with shouts of ‘Lie down, face down; (switch) on the light. Where’s your phone? Where’s your car key?’ They asked for so many things and I became confused. Seeing over 25 hefty men with different kinds of guns, mhen, e don be, be that (It had finally happened, I presumed).

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“I handed the phone over to them with the key. Before then, they had taken my laptop. I turned to be sure if they were armed robbers.

 

 

They asked for my passwords to all the devices collected with masking tape to identify each. Still in shock, I heard someone destroying everything in the kitchen, my room, that of my brothers and all the drawers. I was still asking myself: what’s happening?

 

 

“They asked me to stand and follow them downstairs. Lo and beyond, they unmasked themselves. Hmmmm! Are these criminals? I asked. All my neighbours were already going through the same pain as I was.

 

 

They had given my brothers the beating of their lives, carried my neighbour downstairs and tried unlocking all the cars in the compound. And after searching all the phones and laptops, three of them walked in. Behold, they were from EFCC.

 

 

“What?” I screamed.

“Shut up” was the next thing I heard.

 

 

“When they couldn’t open my phone, they asked me to, and I did. After a while, I asked them: ‘Please, where is your office so I can come and pick up my things on my way to work?’ They asked me what I do and I said I’m a journalist. They asked my neighbour and he said ‘lawyer’; the other one a ‘doctor’.

 

 

 

“They looked at me, handed over the phones and said: ‘We just wasted our time.’

 

 

“Those fools spent over one hour molesting and destroying things in this compound. I feel so pained and embarrassed right now. “Is this how EFCC operates? How did we get here? Who is the informant? I am just confused right now. Thank God, my mum isn’t here…”

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Yoruba Nation, Biafra Agitators, Two Others Protest As Buhari Addresses UN Assembly Today

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Yoruba Nation

Three Nigerian groups On Yoruba Nation  are set for protests today at the United Nations headquarters in New as the President, Major General Muhammadu Buhari (retd.) addresses the UN General Assembly.

 

 

While two of the groups are protesting against the regime of the President, Major General Muhammadu Buhari (retd.), the third group will demonstrate in support of the ex-military leader.

 

 

One of the groups comprising Yoruba Nation and Biafra agitators, Nigerian Indigenous Nationalities Alliance for Self-Determination, is headed by Prof Banji Akintoye.

 

 

Also, activists under the aegis of TakeItBack movement have mobilised for a protest at UN headquarters in New York with demands.

 

 

PUNCH gathered that the last group would be holding a pro-Buhari protest tagged, ‘One Nigeria March.’

 

 

 

Akintoye explained that NINAS’ protest tagged, ‘Million-Man Freedom March,’ was to show the world “the crimes against humanity, attacks on press freedom, free speech and other criminalities being aided by the Buhari-led government of Nigeria.”

 

 

He also said the agitators “are demanding the conduct of a regional referendum so that the indigenous people can decide on their nationhood”.

 

The renowned historian accused the Federal Government of sponsoring the counter-protest at UN headquarters, alleging that black foreigners living in the United States of America were “hired at $500 per head.”

 

 

Akintoye, in a statement on Thursday by NINAS Director of Public Communications, Mr Maxwell Adeleye, said, “Irrespective of the material and financial superiorities of these Lions, there’s no way they can defeat United Foxes in a democracy.

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“The Friday Grand March in New York shall be historic; hence, the Nigerian government is jittery. The ring leader of government officials and a top Lagos journalist are now in New York to start hiring black people who will pretend as Nigerians to stage a pro-Buhari and One Nigeria protest to counter NINAS.

 

 

“But we refuse to be rattled. We shall not be intimidated. No oppressor has ever triumphed against the collective will of the people. The people are the government and power belongs to the people. The people make the constitution.”

 

 

 

TakeitBack Movement’s Global Director of Mobilisation, Gbola Owoborode, listed four demands for the activists’ protest, among which were that the leader of Independent People of Biafra and Yoruba Nation activists, Sunday Adeyemo, popularly known as Igboho, should be freed.

 

 

He said, “The regime should also free Sowore, unconditionally and drop all charges, of which he has been falsely accused.

 

 

“We demand the immediate release of all political prisoners, including Nnamdi Kanu, Igboho and the over 300 #endSARS activists still under illegal detention, as well as an end to terrorism, kidnappings. and banditry that has completely ravaged the entire country.

 

 

“The resignation of the Buhari regime that is incompetent, lawless, despotic, nepotistic and corrupt.

 

 

It has failed to guarantee the security and welfare of Nigerians which is their primary responsibility as a government. The Buhari Junta must go!”

 

 

 PUNCH

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