Personality in Focus
Dangote Increases in Wealth, Ranks World’s 86th Wealthiest Person
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Billionaire Aliko Dangote has seen his wealth nearly doubled to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. Forbes had ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 billion. Forbes estimates Dangote’s net worth at $23.9 billion, primarily due to his 92.3 percent stake in Dangote Petroleum Refinery & Petrochemicals.
At 67 years old, Dangote is once again one of the top 100 richest individuals worldwide, a position he has not held since 2018, according to the Forbes Real-Time Billionaires List.
This places him significantly ahead of South African Johann Rupert, who is ranked 161st in the world with an estimated wealth of $14.4 billion and far above Mike Adenuga, who is the second richest in Nigeria and 481st in the world, with a net worth of $6.8 billion.
Dangote disupted the government’s oil monopoly by building the largest Petroleum Refinery in Africa.
After 11 years, a $23 billion investment, and numerous challenges, the Dangote Refinery began operations last year.
Located on a vast 6,200-acre site in the Lekki Free Zone, the refinery, at full capacity, will process a remarkable 650,000 barrels per day (b/d), making it the seventh-largest refinery in the world and the largest in Africa.
Additionally, the refinery’s adjacent petrochemical complex has an annual production capacity of 3 million metric tons of urea, making it Africa’s largest fertiliser producer.
The Dangote Refinery is already having a significant impact on global energy markets. Imports of petroleum into Nigeria are on track to reach an eight-year low, affecting European refiners that have traditionally sold to Nigeria, according to energy intelligence firm Vortexa.
Furthermore, Nigeria has become a net exporter of jet fuel, naphtha (a solvent used in varnishes, laundry soaps, and cleaning fluids), and fuel oil, according to S&P Global.Dangote sees the refinery as part of a larger vision to transform Nigeria, one of the world’s largest crude oil producers, into a major producer of refined petroleum products.
This would enable Nigeria to compete with European refineries and supply gasoline to Nigerian consumers“I want to provide a blueprint for industrialisation across Africa,” Dangote says in an interview with Forbes.
“We have to build our nation by ourselves. We have to build our continent by ourselves, not [rely on] foreign investment.”
He believes Africa has long been “a mere dumping ground for finished products,” and his refinery represents “a pivotal step in ensuring that Africa can refine its own crude oil, thereby creating wealth and prosperity for its vast population.
”Dangote said the refinery is the biggest risk of his life and without success, it would have affected him greatly.
“It was the biggest risk of my life,” says Dangote about his decision to embark on the project. “If this didn’t work, I was dead.
Zainab Usman, director of the Africa Programme at the Carnegie Endowment for International Peace, according to Forbes, said Nigerians see Dangote as a hero and a real industrialist transforming the country.
He is seen in most parts of Nigeria as a hero. He is seen as a real industrialist who builds things,” she said.
A professor of African studies at the Soka University of America, Chika Ezeanya, also corroborated this view, noting that Dangote is meeting the needs of consumers on the continent.
“I think he’s believed staunchly in the fact that Nigerians need products that he has to offer,” he said while adding: “Governments can come and go, policies can be changed, but the needs of the Nigerian consumer will only grow and expand.”
Distinguished legal practitioner and Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has reached another defining milestone in his illustrious career after earning a Doctor of Philosophy (PhD) honours in Law from Babcock University.
The new feat is a definite declaration that his academic journey is far from over just as he seeks the next frontier – professorship.
Ubani was among a select group of scholars conferred with doctoral degrees during the university’s 2026 convocation ceremony, an event that celebrated academic excellence, research and innovation. The colourful ceremony attracted government officials, members of the Bench and Bar, academics, family members and well-wishers from across the country, National Association of Online Security News Publishers, NAOSNP can report.
Ogun State Governor, Prince Dapo Abiodun, who attended the convocation as a special guest, congratulated the graduating students on their academic accomplishments and challenged them to deploy their knowledge, research and expertise towards national development. He also commended Babcock University for its sustained commitment to quality education, impactful research and the development of highly skilled professionals.
In his welcome address, the Vice-Chancellor of Babcock University, Prof. Afolarin Ojewole, described the convocation as a celebration of discipline, sacrifice, resilience and scholarly excellence. “Earning a PhD represents years of rigorous research, critical inquiry and unwavering commitment to knowledge,” he said, noting that the achievement reflected not only the graduates’ determination but also the invaluable support of supervisors, lecturers, families, friends and the wider academic community. He added that the newly conferred doctoral graduates now bear the responsibility of contributing meaningfully to public policy, professional practice, national development and the global body of knowledge through research and innovation.
Among the highlights of the ceremony was the conferment of the Doctor of Philosophy (PhD) in Law on Dr. Monday Onyekachi Ubani, SAN, whose latest academic accomplishment further reinforces his reputation as one of Nigeria’s foremost legal minds and a passionate advocate of lifelong learning.
Speaking with journalists shortly after the ceremony, the elated Ubani described the doctoral journey as one of the most intellectually demanding experiences of his life. “The journey does not end with the graduation ceremony. There are still administrative processes to complete. It is a very rigorous journey, but it is worth every sacrifice,” he said.
He encouraged professionals across different fields, including journalists, to embrace higher education, describing the PhD as “the last bus stop of knowledge.”
“I recommend a PhD for everyone, including journalists, if you can. It is a worthwhile experience that broadens your knowledge and perspective,” he stated.
Despite attaining one of the highest academic qualifications available, Ubani revealed that his ambitions remain alive. “The next step is professorship. I’m going for it. I want to start lecturing. Once I have a university where I’m lecturing, I will begin writing more. I’m a good writer; I even write better than I speak. By the grace of God, I believe He will make it happen. I have become a Senior Advocate of Nigeria, I have become a doctor, and I also hope to become a professor,” he said.
Offering words of encouragement to young Nigerians, Ubani urged them to remain steadfast in pursuing their aspirations through perseverance, diligence and faith.
“My message to the younger generation is that they must persevere. But, most importantly, they must know God. If you have God in your life, there is nothing you cannot achieve. There is nothing you cannot do if God is with you,” he said.
He also expressed heartfelt appreciation to his family, mentors, colleagues and friends for their unwavering support throughout the demanding doctoral programme, describing the achievement as a testament to God’s grace, hard work and the encouragement of those who believed in him. The convocation concluded with the formal conferment of doctoral degrees on successful candidates, as Babcock University charged the new PhD holders to uphold the highest standards of scholarship, integrity and service while applying their research to address societal challenges and advance national development.
The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has announced the passing of his immediate elder brother, Prince Adetunji Ogunwusi.
The monarch made the announcement in a statement released on Sunday through the Director of Media and Public Affairs at the Ooni’s Palace, Sodiq Lawal.
Describing the late prince as a respected businessman and compassionate leader, the Ooni said Prince Adetunji lived a life dedicated to service, humility and the wellbeing of others.
According to the statement, the death of Prince Adetunji has left a deep void in the Ogunwusi family, the Ojaja Royal Dynasty and the entire Ile-Ife Kingdom.
Prince Adetunji, who was born on December 8, 1967, was a member of the Ojaja lineage of the Giesi Ruling House in Ile-Ife. He was also the Group Chairman of Primewaterview Holdings, where he earned recognition for his contributions to business development and entrepreneurship.
The Ooni noted that his late brother built a reputation as an innovative entrepreneur and visionary leader. Through his business activities, he created opportunities for many people and contributed to economic growth in different sectors.
The monarch further stated that beyond his achievements in business, Prince Adetunji was known for his generosity, kindness and commitment to humanitarian causes. He was said to have quietly supported many individuals and families, offering assistance, guidance and encouragement whenever needed.
The statement added that Prince Adetunji’s influence extended beyond the corporate world, as he remained deeply connected to his roots and maintained a strong interest in the progress and development of Ile-Ife and its people.
The Ooni described his late brother as a dependable adviser, a loving family member and a man whose legacy would continue to inspire future generations.
Family members, friends, associates and well wishers have continued to pay tribute to the late prince, remembering him for his humility, wisdom and positive impact on society.
The palace said further details regarding funeral arrangements and other ceremonies would be announced by the family in due course.
Prince Adetunji’s death marks a significant loss to the royal family and the people of Ile-Ife, who will remember him for his service, leadership and dedication to humanity.
The Nigerian Bar Association (NBA) has elected Oyinkansola Badejo-Okusanya, a Senior Advocate of Nigeria (SAN), as its next president after she polled the most votes when voting officially ended Sunday morning.
Mrs Badejo-Okusanya, the only female among the three presidential candidates, polled 12,317 votes to emerge the winner of the election, which was held through electronic voting for 24 hours. from 7:35 a.m. on Saturday to 7:34 a.m. on Sunday
She defeated her two challengers, polling 47.18 per cent of the 26,106 ballots cast in the presidential election, based on the final tally…
