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Dangote’s wealth hits $30bn mark

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The wealth of Africa’s wealthiest individual, Aliko Dangote has reached a $30 billion as of October 23, 2025, according to Bloomberg’s Billionaire Index.

This milestone reflects a $2.16 billion year-to-date increase in his fortune, with a recent $430 million valuation gain contributing to the surge.

Just days earlier, Dangote’s net worth stood at $29.8 billion; only $200 million shy of the mark.

The impressive rise aligns with the expansion of his industrial empire, particularly the completion of a $160 million cement plant in Attingué, about 30 km north of Abidjan, Côte d’Ivoire.

The 50-hectare facility boasts an annual capacity of three million metric tonnes, making it one of Dangote Cement’s largest sites outside Nigeria.

With the new plant, the company’s total installed capacity across Africa now stands at approximately 55 million tonnes per year, spread across 11 countries.

Dangote also has his eyes set on the oil sector, announcing plans to more than double his refining operations to 1.4 million barrels per day. This expansion would see the Dangote Group surpass the output of the world’s current largest refinery in Jamnagar, India, which produces 1.36 million barrels per day.

Reports further suggest that within the next year, Dangote Refinery plans to sell between 5% and 10% of its shares on the Nigerian Exchange (NGX) Limited.

Since the launch of the $20 billion Dangote Oil Refinery in May 2023: which began operations in October of that year with a production capacity of 370,000 barrels of diesel and jet fuel daily; Dangote’s wealth trajectory has been notably dynamic.

In October 2023, shortly after the refinery’s commissioning, Bloomberg ranked him as the 81st richest person globally, with a net worth of $20.4 billion. However, his fortune experienced fluctuations before rebounding dramatically.

At the start of 2024, South African billionaire Johann Rupert briefly overtook him as Africa’s richest man, boasting $10.3 billion compared to Dangote’s $9.5 billion. Dangote soon reclaimed the top spot, with his net worth surpassing $20 billion by late January 2024 after a +$282 million valuation jump and a year-to-date gain of $6.91 billion.

Although market fluctuations saw his fortune dip mid-2024—dropping from $13.8 billion in July to $13 billion in October—Dangote’s wealth rebounded strongly to $27.8 billion by the end of the year.

By August 2025, his net worth had climbed to $29.3 billion, and now, as of October, the Nigerian industrialist has officially entered the $30 billion club.

Dangote’s continued rise underscores his expanding influence across Africa’s industrial landscape—from cement to oil refining—solidifying his position as not only the continent’s richest man but also one of its most transformative business figures.

 

 

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Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election

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The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.

The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.

The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.

Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.

The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.

Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.

The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.

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Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027

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The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.

The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.

The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.

He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.

Ojukwu also took journalists on a tour of the newly set up situation room.

 

Details later…..

 

 

 

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Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections

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The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.

At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.

He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.

He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.

Details later…..

 

 

 

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