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Dangote Scales 18 Hurdles, Becomes World’s 65th Richest Person

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By Eric Elezuo

Africa and Nigeria’s richest person, Alhaji Aliko Dangote, has up his game in the billionaire’s list, clearing 18 huedles to become the 65th richws person in the world.

Dangote, who is the president of Dangote Industries Limited and the Dangote Refinery, achieved this feat inspite of the dwindling Nigerian economy, which has adversely affected the performance of the Naira against the dollar and other currencies of the world.

Dangote’s sporadic rise in the list of Billionaires is attributed to the final kickoff of the commercial activities of the 650,000bpd refinery.

The businessman increased his wealth to $28 billion after his $20 billion refinery located in Lagos commenced operations this year and produced premium motor spirit (PMS), otherwise known as petrol, in September.

In its latest Top 500 Billionaires Index released on Thursday, the Bloomberg Billionaires Index revealed that Mr Dangote moved to a new level from the 83rd he was in 2022.

The Bloomberg Billionaires Index ranks the world’s richest people daily. 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.

The report stated that Mr Johann Rupert of South Africa is 174 on the world list, with a wealth of $13.6 billion and Nicky Oppenheimer also of South Africa is number 224 with a wealth of $11.6 billion.

Other Africans on the list are South African’s Natie Karsh on number 297 in the world with a wealth of $9.25 billion, Egypt’s Nassef Sawiris on number 302 in the world with a wealth of $9.16 billion, and Naguib Sawiris also of Egypt with a wealth of $7.37 billion on number 407 in the world.

Ellon Musk and Jeff Bezos are the richest in the world with $242 billion and $210 billion, respectively in their kitties, while Mark Zuckerberg and Larry Ellison followed, respectively with $204 billion and $185 billion on the world’s billionaires’ chart.

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Tinubu Nominates Oyedele As Minister of State for Finance, Moves Anite-Uzoka to Budget Ministry

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A statement signed by the Special Adviser to the President on Information and Strategy Bayo Onanuga, has announced that “President Bola Tinubu has nominated Taiwo Oyedele as the minister of state for finance, replacing Doris Anite-Uzoka.

“Mrs Anite-Uzoka will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.

“President Tinubu has today conveyed the nomination of Mr Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.

“Until President Tinubu nominated him as a minister, Mr Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

“Mr Oyedele, 50, is an economist, accountant and public policy expert.

“He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance. He attended Oxford Brookes University and earned a BSc in applied accounting.

“He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

“Mr Oyedele spent 22 years of his working career at PwC, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader.

“Mr Oyedele is also a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.”

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Defection: Atiku’s Son, Adamu, Resigns As Adamawa Commissioner

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Adamu Abubakar, the first son of former Vice-President Atiku Abubakar, has resigned as Adamawa State’s commissioner for works and energy development, days after Governor Ahmadu Fintiri defected from the Peoples Democratic Party to the All Progressives Congress.

Abubakar’s resignation letter, dated 2 March 2026, was addressed to the governor through the Secretary to the State Government. He gave no reason for his departure.

The timing is pointed. Fintiri announced his defection to the APC in a statewide broadcast last Friday, saying his cabinet and the PDP’s state structure had moved with him. Within 24 hours, 22 commissioners and special advisers publicly announced they were following suit. Abubakar, whose father remains one of the PDP’s most prominent national figures, was not among them.

In a statement issued Monday night, Abubakar’s media aide Abdulaziz Jauro said the former commissioner thanked the governor for the opportunity to serve and pledged continued loyalty to the administration’s developmental agenda. He also expressed gratitude to his father “for granting him the moral support and blessing to serve the people of Adamawa State” — a line that, read in context, suggests Atiku was consulted on the decision.

Abubakar said his resignation was not a withdrawal from public life. “This does not mark the end of his commitment to public service,” the statement read, “but rather the beginning of new avenues for developmental collaboration.”

The resignation leaves unresolved the question of whether it reflects a political break with the governor over his defection or a personal decision unconnected to the broader party realignment now reshaping Adamawa’s political landscape.

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DSS Nabs Man over Assassination Attempt on Peter Obi

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Nigeria’s Department of State Services (DSS) has detained a man in connection with the recent attack and alleged assassination threats targeting Labour Party’s 2023 presidential candidate, Peter Obi.

According to AIT, the shooting incident took place on February 24, 2026, in Benin City, Edo State, during a political gathering attended by Obi and several figures from the African Democratic Congress (ADC). The meeting was hosted by former APC National Chairman, John Oyegun. Gunmen reportedly opened fire at the venue, causing panic and forcing attendees to disperse for safety.

According to security sources, shortly after the attack, an individual identified as Udeme Monday Stephen allegedly took to social media claiming responsibility and issuing additional threats against Obi, warning of further violence.

Intelligence officials reportedly initiated swift investigations, employing digital tracing and forensic tools that led to the arrest of the 26-year-old suspect in Rivers State. He is said to be a teacher at a private secondary school in the Eliozu area of Obio-Akpor Local Government Area.

The suspect remains in DSS custody and is expected to face prosecution. The agency reiterated its commitment to responding to credible threats and safeguarding lives and national interests without bias.

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