Connect with us

Featured

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

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

How We Rescued Adelabu’s Sister and Her Twin Sons from Kidnappers – Police

Published

on

By

The Nigerian Police Force has announced the rescue of former Minister of Power, Adebayo Adelabu’s sister and her twin sons, who were abducted on June 3, in Ibadan.

A statement signed by the Force Public Relations Officer, DCP Anthony Okon Pkacid revealed ad follows:

The Nigeria Police Force announces the successful rescue of Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, who were abducted on June 3, 2026, in Ibadan, Oyo State.

The hostages were rescued during a coordinated operation by the Force Intelligence Department Intelligence Response Team (FID-IRT) in Ibadan at approximately 7:30 p.m. on Saturday, June 6, 2026.

Mrs. Adegoke and her children were abducted while she was driving them to school at about 7:30 a.m. on June 3, 2026. The rescue was achieved through sustained intelligence gathering, surveillance, and tactical operations. These efforts enabled investigators to track the kidnappers’ movements, resulting in a confrontation with FID-IRT operatives.

During the confrontation, two suspected kidnappers were fatally wounded and two rifles were recovered. The victims were rescued unharmed and are now in safe custody, receiving medical care and support.

The Inspector-General of Police commends the courage, professionalism, and effectiveness of the FID-IRT operatives and all officers involved. Their resilience and commitment were instrumental in the safe rescue of the hostages.

Security operatives have intensified efforts in the area to apprehend fleeing members of the kidnapping syndicate. Preliminary intelligence indicates that some suspects escaped with gunshot injuries. Operations are ongoing to track, arrest, and bring all involved to justice.

The Nigeria Police Force appreciates the public’s support, cooperation, and patience during the operation. We remain committed to combating violent crime, protecting lives and property, and ensuring the safety of all citizens.

Continue Reading

Featured

First Lady’s Cars Distribution to APC Women Amid Oyo Kidnapping Crisis, Outrage or Applause?

Published

on

By

By Shakirat Akintola

As the agonizing wait for dozens of abducted students and teachers in Oyo State stretches into another grueling week, a storm of public outrage has erupted over a high-profile political gesture from the nation’s capital.

The source of the friction? A fleet of newly donated vehicles.

The First Lady, Senator Oluremi Tinubu, has sparked intense debate across Nigeria following the launch of the “Tinubu Torchbearers,” a mobilization group under the ruling All Progressives Congress (APC). To kick off the initiative, the First Lady donated vehicles to APC women leaders across five opposition-controlled states: Abia, Anambra, Bauchi, Osun, and Oyo.
While the presentation was met with cheers inside the political halls, the feedback online and on the streets of Oyo has been starkly different, raising a fundamental, painful question: Can there be celebration without rescue?

The Political Machinery in Motion

During the presentation, Senator Tinubu was explicit about the nature and intent of the donation. She clarified that the vehicles were personal donations and instructed that they be registered directly in the names of the respective state women leaders. She didn’t stop there, urging APC governors across the country to follow suit and empower the women leaders in their own domains.

Defending the move as a core part of political engagement, the First Lady noted, “We are politicians, and people should see what the value is.”

But for many Nigerians watching the event unfold against the backdrop of a worsening security situation, the “value” being demonstrated felt incredibly detached from the immediate reality on the ground.

“A Question of Timing”

In Oyo State, where families are still frozen in trauma over the unresolved mass kidnapping of students and educators, the arrival of political campaign vehicles has rubbed salt into an open wound. Local commentators and citizens quickly took to social media and radio programs to challenge the priorities of the ruling class.

“We are talking about missing children, terrified parents, and schools that aren’t safe,” noted one Ibadan-based community advocate during an morning broadcast on Arise News. “And the immediate response we see from Abuja is the distribution of cars to mobilize voters for the next election? It feels like the campaign never stops, even when our hearts are breaking.”
The dialogue surrounding the incident highlights a deep, systemic disconnect. On one hand, the political class views internal party mobilization and the strengthening of its structures as standard, ongoing operations. On the other hand, a traumatized public views it as a tone-deaf display of luxury and politicking during a moment of profound national grief.

The Growing Divide

As the opposition-controlled states digest this move, the debate in Oyo remains the most volatile. Critics argue that the logistics, funding, and energy poured into launching the Tinubu Torchbearers could have been better utilized in supporting local security infrastructure or visible community solidarity.

For now, the vehicles are set to hit the roads, registered to partisan leaders. But as long as the classrooms in Oyo remain empty and the abducted victims remain in the bush, every political convoy that passes through these states will likely face the same haunting question from the people: Where is the rescue?

Continue Reading

Featured

Glo Introduces “More Data More Value” Offer to Boost Customers’ Experience

Published

on

By

Determine to enrich the digital experience of its subscribers, Globacom has introduced a new data offer, tagged “More Data More Value only on Glo”. The new offer gives customers as much as 10 percent more data across its bundles as the Nigerian telecom landscape shifts toward a data-led economy.

Globacom explained in a statement that “The new offer is designed to ensure that every Naira spent by a Nigerian consumer yields the highest possible digital return”, thus reinforcing the company’s long-standing reputation for affordability and empowerment.

“More Data More Value” offers a variety of weekly and monthly options planned to balance daytime and night-time usage. The weekly plan includes ₦1,000 option which provides 3.7GB of total data, consisting of 1.7GB main data and 2GB night data, while that of ₦2,000 offers 9GB in total, divided into 6.5GB main data and 2.5GB night data.

The monthly plan also comes with different options including that of ₦1,500 which delivers a total of 5.2GB (2.2GB main data paired with 3GB night data); the ₦2,000 option offering 6.25GB data, a combination of 3.25GB main data and 3GB night data and16.5GB, comprising 14.5GB main data and 2GB night data which goes for N5,000. There is also the ₦10,000 and N15,000 options, with N10,000 providing 42GB total, 38GB main data and 4GB night data, while ₦15,000 offers 64GB in total, consisting of 62GB main data and 2GB night data.

Glo’s enhanced bundles provide the necessary incentive for students, remote workers, and entrepreneurs to browse longer, whether for TikTok trends, Instagram aesthetics, YouTube streaming, or high-stakes gaming and stream without fear, ensuring their professional and social lives remain uninterrupted.

These improved bundles from Globacom give entrepreneurs, remote workers, and students the incentive they need to browse longer, whether for high-stakes gaming, YouTube streaming, Instagram aesthetics, or TikTok trends, and stream on end, while ensuring seamlessness in their social and professional lives.

Beyond individual users, the “More Data More Value” offer also extend its benefits to families and SMEs. With the reliance of small businesses and households on mobile hotspots for their daily operations, Glo has optimized its offerings to serve as the preferred network for high-volume usage.

The offer also serves as a driver of digital transformation through the Glo Café app. Customers are encouraged to utilize the app for seamless bundle subscriptions, as it allows them to manage their “more than 10% extra” data with ease, thus ensuring rewarding user experience.

“More Data More Value” offer underscores Glo’s commitment to providing the best value-for-money which gives Nigerians the benefit of not compromising on their digital lifestyle

Continue Reading

Trending