Africa’s richest man, Aliko Dangote, says his refinery IPO could attract up to 10 million shareholders. The billionaire made the disclosure in an interview with CNN International correspondent Larry Madowo. His comment came as Nigerians showed growing excitement over the Dangote Petroleum Refinery IPO. Madowo told Dangote that Nigerians were closely following the company online….
Dangote Industries Limited has acquired 4,000 more construction machines for its refinery expansion in Lekki, Lagos. The move brings its total equipment fleet to 6,500 machines. Group Vice President, Oil and Gas and Fertiliser, Devakumar Edwin, disclosed this during a refinery tour. He said the expansion will raise the refinery’s capacity to 1.4 million barrels…
Warren Buffett has stepped down as chairman of Berkshire Hathaway after more than 50 years in the role. The 96-year-old investor will now serve as chairman emeritus. He will also remain on the company’s board as a director. Berkshire Hathaway announced the change on Friday. The move marks another major step in the company’s long-planned…
The Bank of Japan (BoJ) has raised its key interest rate from 1% to 1.25%. The move takes Japan’s rate to its highest level since 1995. The central bank wants to control rising prices linked to global tensions and the Iran war. Japan now joins the US Federal Reserve and European Central Bank in tightening…
Petrol prices have jumped across Nigeria, with some northern states now selling at ₦1,500 per litre. Major cities are recording prices of about ₦1,430 per litre. The latest increase comes as global oil prices react to the escalating U.S-Iran conflict. As a result, higher crude prices are putting more pressure on Nigeria’s fuel market. The…
Emir of Kano and former CBN Governor, Sanusi Lamido Sanusi, has admitted making a costly policy mistake. He delayed telecom companies from entering Nigeria’s financial services sector. Speaking at the launch of the 2026 Access to Financial Services (A2F) Survey in Abuja, Sanusi explained his decision. At the time, Nigeria had just faced a major…
Zhang Yiming, the founder of ByteDance, has overtaken Gautam Adani as Asia’s richest person. His fortune has now crossed $105 billion, according to Bloomberg. The surge comes as artificial intelligence drives fresh wealth across the tech industry. Zhang, 43, has built most of his wealth through ByteDance, the company behind TikTok. His fortune has grown…
Peter Obi has clarified his billionaire status after a recent interview sparked conversations online. The former Anambra State governor said he is a billionaire when his wealth is measured in naira. However, he stressed that he is not a dollar billionaire. Obi made the clarification during an interview with media personalities Adeola Fayehun and Rudolf…
Nigerian billionaire businessman Aliko Dangote has opened up about having a male heir. The billionaire says having a son is not a priority for him. Dangote made this known during an interview with ARISE News. He was asked if he still hoped to have a son. The 69-year-old businessman said he has left the matter…
Aliko Dangote’s net worth jumps to $51 billion after a new valuation of his refinery, making him the world’s 36th richest person. Dangote’s Wealth Jumps to $51 Billion Africa’s richest man, Aliko Dangote, has added about $20 billion to his fortune. His net worth now stands at $51 billion, according to Forbes. The huge increase…
