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Dangote Makes History, Becomes First African to Enter Top 25 Richest List

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Alhaji Aliko Dangote, self-made business magnate,
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Alhaji Aliko Dangote, Nigerian business magnate and owner of the Dangote Group can’t just stop making money. His reported wealth now is $25 billion from $16.1 billion in 2013 and enough to help him break into the rank of top 25 richest people in the world.

He is like the most famous King Midas, popularly remembered in Greek mythology for his ability to turn everything he touched with his hand into gold.

According to the recently released Forbes Magazine lists of the richest people in the world, Dangote now occupies 23rd position in the list of the world’s richest people.

And for the fourth year running, Dangote also retained his position in Africa as the richest man on the continent.

Dangote who was number 43 on the top 100 world billionaires list in 2013 made a quantum leap as he moved up 20 spots to retain his position in Africa.

According to Forbes, the Africa’s richest man is looking beyond cement, sugar and flour–the three commodities that built his fortune–to the oil business.

In April, he announced $9 billion in financing from a consortium of local and international lenders to construct a private oil refinery, fertilizer and petrochemical complex in the country.

His publicly traded Dangote Cement is also grabbing new markets in Africa, with $750 million in new plants planned for Kenya and Niger.

He made his first fortune more than three decades ago when he started trading commodities with a loan from his powerful uncle.

Elsewhere, Mike Adenuga was next to Dangote on the lists with a wealth of $4.6 billion, maintaining 325 positions in the world, while Folorunsho Alakija with $2.5 billion was 687 in the world and Abdulsamad Rabiu ranks 1,372 in the world with $1.2 billion.

But Bill Gates came back on top after a four-year hiatus, reclaiming the title of world’s richest person from telecom mogul Carlos Slim Helu of Mexico, who ranked No. 1 for the past four years.

Gates, whose fortune rose by $9 billion in the past year, has held the top spot for 15 of the past 20 years.

Spanish clothing retailer, Amancio Ortega (best known for the Zara fashion chain), retains the No. 3 spot for the second year in a row, extending his lead over Warren Buffett, who is again No. 4.

The year’s biggest dollar gainer was Facebook’s Mark Zuckerberg, whose fortune jumped from $15.2 billion, to $28.5 billion, as shares of his social network soared. Tech. and more specifically, Facebook, helped propel numerous fortunes lately.

The company’s COO, Sheryl Sandberg, joins the ranks for the first time, as does Facebook’s longtime Vice President, Jeff Rothschild. Also, thanks to a $19 billion deal (including restricted stock) with Facebook, WhatsApp founders, Jan Koum and Brian Acton, join the ranks of Silicon Valley’s wealthiest for the first time. 
They are four of 26 newcomers whose fortunes come from technology, 10 of whom are American, including Dropbox CEO, Drew Houston and Workday cofounder, Aneel Bhusri.

US once again leads the world with 492 billionaires, as a result of the tech boom, and strong stock market, then followed by China with 152 and Russia with 111. But wealth is spreading to new places.

Also for the first time in the history of Forbes rating, billionaires were found in Algeria – Issad Rebrab, who is into food business, with $3.2bn worth; Rostam Azizi from Tanzania with $1 billion and Sudhir Ruparelia from Uganda with $1.1 billion worth of assets.


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AfDB Says 70 Percent of Nigerian Firms Depend on Generators

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African Development Bank (AfDB) has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent electricity shortages, with power outages costing businesses about three per cent of their annual sales.

AfDB Says 70 Percent of Nigerian Firms Depend on Generators

The bank disclosed this in its 2026 African Economic Outlook report, which, among other items, assessed Africa’s fiscal policy and tax systems.

It warned that weak public service delivery continued to impose hidden financial burdens on households and businesses across the continent.

“Electricity outage losses amount to three per cent of annual sales in Nigeria, and because of this, generator reliance is widespread, with 70.7 per cent of firms in Nigeria owning or sharing generators,” the report stated.

The AfDB said the widespread use of generators reflected deep infrastructure and governance challenges that were weakening productivity, eroding profitability, and undermining confidence in taxation systems.

According to the report, households and firms across Africa increasingly pay privately for services that governments are expected to provide, including electricity, water, security, and logistics.

The bank described these expenses as “parallel levies” that reduce disposable income and raise operating costs for businesses.

“Higher domestic resource mobilisation without corresponding improvements in public service delivery imposes large implicit tax burdens on households and firms, which undermines the legitimacy and effectiveness of taxation and leads to a breakdown in the social contract,” the AfDB stated.

The report noted that many businesses in Nigeria had resorted to self-generated power because of unreliable electricity supply, adding that this trend continued to widen informality and reduce voluntary tax compliance.

The AfDB added that stronger delivery of electricity, healthcare, education, water supply, sanitation, and public administrative services could improve trust in government and strengthen tax collection efforts.

“By reducing the need for households and firms to self-provide these services, strengthening performance in these priority areas can enhance taxpayer trust, improve voluntary compliance, broaden the formal tax base, and reinforce the fiscal social contract,” the report stated.

The bank said Africa’s revenue mobilisation challenges remained significant despite increasing fiscal pressures caused by rising debt servicing costs, shrinking external financing, and growing development spending needs.

According to the report, nearly $469bn in potential revenue remains untapped across Africa due to weak tax compliance, poor administration, and ineffective policy design.

The AfDB also stated that more than 40 per cent of public investment spending across the continent was currently lost to inefficiencies.

“More than 40 per cent of public investment is currently lost to inefficiencies, and closing this gap could generate up to $299bn each year for growth-enhancing investments,” the report stated.

The bank further noted that Africa could unlock up to $1.43tn in additional annual financing by addressing inefficiencies in resource mobilisation and utilisation.

It added that Africa needed to sustain economic growth at seven per cent or higher over several decades to create jobs on a large scale and accelerate poverty reduction.

“Africa must raise annual growth to 7 per cent or higher, sustained over decades, to enable large-scale job creation and accelerated poverty reduction,” Dr Sidi Tah, president of the African Development Bank Group, said in the report’s foreword.

The report also highlighted the continent’s dependence on indirect taxes such as Value Added Tax, excise duties, and customs taxes, which accounted for 59.9 per cent of total tax revenue in 2023.

The AfDB noted that Nigeria, alongside other resource-rich economies, relied heavily on corporate income tax linked to extractive industries, reflecting the uneven nature of direct taxation across Africa.

 


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Lagos Airport Reviews Ebola Emergency Response, Tightens Passenger Monitoring

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Lagos State Government has intensified surveillance and emergency preparedness measures at the Murtala Muhammed International Airport (MMIA), Lagos, even as it moved to prevent the importation of Ebola Virus Disease (EVD), into Nigeria following renewed outbreaks in parts of East and Central Africa.

Lagos Airport Reviews Ebola Emergency Response, Tightens Passenger Monitoring

At MMIA, Lagos, Lagos State government health officials and Port Health Services undertook a joint inspection of the airport’s preparedness facilities to assess its capacity to detect, monitor and respond to any potential Ebola threat.

Leading a high-powered preparedness inspection and facility assessment at the country”s busiest international gateway, Prof. Akin Abayomi, Lagos State commissioner for Health, warned that MMIA remains Nigeria’s most vulnerable entry point for imported infectious diseases because it handles about 70 per cent of international passenger traffic into the country.

Abayomi said Lagos was strengthening systems for early detection, rapid isolation and emergency evacuation of suspected Ebola cases, while also improving digital surveillance and passenger monitoring for travellers arriving from countries classified as high-risk.

His words: “The primary purpose of our visit is to understand how we can support your efforts, identify existing gaps and jointly develop practical solutions. Our objective is to create a bottleneck for the virus, not for passengers.”

Recalling Nigeria’s successful containment of Ebola in 2014 after the virus was imported into Lagos from Liberia, Abayomi said the outbreak remains one of the most important public health lessons in the nation’s history.

“Almost eleven years ago, we experienced the importation of Ebola into Lagos from Liberia during the largest Ebola outbreak in recorded history. We were able to contain what became a relatively small outbreak in Lagos, thanks to the sacrifices of dedicated healthcare workers, including the late Dr. Ameyo Adadevoh,” he said.

According to him, the painful memories of the 2014 outbreak continue to remind health authorities that preparedness must remain constant in an era of increasing global travel and interconnectedness.

He added that lessons learnt during the COVID-19 pandemic further reinforced the need for close collaboration between Lagos State and federal agencies operating at the airport, noting that the partnership helped establish one of the country’s strongest passenger surveillance systems.

Abayomi disclosed that authorities were also considering measures to reduce interaction between passengers arriving from designated high-risk countries and other travellers without disrupting airport operations.

The inspection tour brought together officials from the Lagos State Ministry of Health, the Lagos State Public Health Emergency Operations Centre, Port Health Services, the Federal Airports Authority of Nigeria, FAAN, and the Nigeria Civil Aviation Authority, NCAA.

Also speaking during the visit, Dr. Kemi Ogunyemi, special adviser to Governor Babajide Sanwo-Olu on Health, described airport personnel as Nigeria’s frontline defence against imported infectious diseases.

“The frontline actually begins here at our ports of entry. As passengers arrive, you are among the very first people to interact with them, making your role critical in our disease surveillance and response efforts,” Ogunyemi said.

She stressed that health security must be treated with the same seriousness as every other national security concern and assured airport workers of the state government’s continued support.

Dr. Dayo Lajide, permanent secretary, Lagos State Ministry of Health, commended the collaboration between airport authorities, Port Health Services and state officials, describing it as critical to strengthening preparedness against diseases of international concern such as Ebola.

Lajide urged frontline workers to remain vigilant and adhere strictly to infection prevention and control protocols while carrying out surveillance duties.

“As frontline responders, your safety is paramount. Continue to follow all IPC measures diligently because while you are protecting Nigeria from potential health threats, you must also ensure that you are protected from exposure and risk,” she said.

Earlier, Olatokunbo Arewa, the Airport Manager and Regional General Manager, South-West MMIA, disclosed that additional preparedness infrastructure, including touchless hand-sanitiser systems and temperature-detection equipment, had already been deployed across the airport.

Arewa also revealed that discussions were ongoing regarding the establishment of dedicated arrival processing channels for passengers arriving from high-risk countries as part of efforts to strengthen surveillance and screening operations.

“Ebola is a highly dangerous disease and any suspected case must be isolated quickly and professionally to prevent transmission,” he warned.

Providing updates on airport preparedness,  Dr. Lawal Abdullahi, head of Port Health Services at MMIA, disclosed that the airport reviewed and updated its Public Health Emergency Contingency Plan on March 18, 2026, ahead of the latest Ebola developments in East Africa.

According to him, the Airport Public Health Emergency Management Team had already been activated, while a comprehensive risk assessment was conducted to identify countries of concern and guide surveillance activities at the airport.

Abdullahi added that passenger screening mechanisms were deployed before the activation of the national health declaration platform and that traveller information was routinely shared with Lagos State epidemiology teams to strengthen follow-up and response activities.

Also, Dr. Bilkis Ibrahim, general manager, Aviation Medical Services, FAAN, disclosed that additional personal protective equipment, multilingual health advisories and staff training programmes were being deployed to strengthen preparedness among airport workers.

Dr. Abayomi Asunbo, Aeromedical assessor of the NCAA,  also revealed that the regulatory authority had directed all airlines operating designated international routes to comply fully with public health protocols before passengers are cleared into Nigeria.

The Lagos State officials, airport authorities and federal agencies reaffirmed their commitment to coordinated surveillance, rapid response and information sharing aimed at protecting Lagos and Nigeria from Ebola and other infectious disease threats.

The high point of the visit was the inspection of major screening points and emergency response facilities at MMIA.

 

 


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NCDC Says Lagos, FCT, Others on High Ebola Alert

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Nigeria Centre for Disease Control and Prevention (NCDC) has placed Lagos, the Federal Capital Territory and several other states on high Ebola alert following the outbreak of the deadly Bundibugyo strain of Ebola Virus Disease in parts of East and Central Africa.

NCDC Says Lagos, FCT, Others on High Ebola Alert

In a national public health advisory issued to Commissioners for Health across the country, the agency warned that Nigeria faces a high risk of importing the virus due to increasing regional transmission, international travel, porous borders, and population movement.

The advisory, dated May 27, 2026, comes amid growing concerns over the spread of the Bundibugyo variant of Ebola, a rare strain for which there is currently no approved vaccine or specific treatment.

States classified by the NCDC as high-risk include Lagos, the FCT, Rivers, Kano, Enugu, Borno, Akwa Ibom, Cross River, Taraba, and Adamawa because of their international airports, seaports, border routes and high human traffic.

“The immediate objective of our national preparedness and readiness efforts is to ensure that every State and the FCT can reasonably detect, contain, and respond swiftly to any suspected case while protecting health workers and sustaining essential health services,” the NCDC stated.

The agency disclosed that although Nigeria has not recorded any confirmed case, a dynamic risk assessment conducted after the outbreak was declared a Public Health Emergency of International Concern showed that the danger of importation into Nigeria remains high.

According to the NCDC, 1,077 suspected cases and 247 deaths have already been reported in Uganda and the Democratic Republic of Congo, with a fatality rate of 24.6 per cent.

It added that the outbreak has also triggered international concern, with suspected cases reportedly identified in India, while Canada announced temporary restrictions on travel applications involving residents of Uganda, DRC and South Sudan.

Uganda has also reportedly introduced border closure measures to contain the spread.

The NCDC stressed that the Bundibugyo strain differs from the Zaire Ebola strain, which existing vaccines and antibody treatments primarily target.

“The current Bundibugyo virus outbreak has no licensed vaccines or approved targeted therapeutics,” the advisory warned.

Health officials also cautioned that Ebola symptoms could initially resemble malaria, Lassa fever, or other common illnesses, making early detection more difficult.

“Health workers must not wait for bleeding before suspecting Ebola in any patient with compatible symptoms and relevant travel or exposure history,” the agency said.

The NCDC noted that Ebola is not airborne and spreads mainly through direct contact with infected blood, body fluids, contaminated materials, or infected animals.

As part of emergency preparedness measures, the agency said its National Emergency Operations Centre has already been activated in alert mode to coordinate nationwide response efforts.

State governments were directed to immediately activate Ebola preparedness structures, identify isolation centres, intensify surveillance at entry points, equip frontline health workers with personal protective equipment and begin public sensitisation campaigns to counter panic and misinformation.

The agency also asked states to submit readiness reports within 72 hours.

Nigeria’s renewed Ebola alert has revived memories of the country’s successful containment of the virus during the 2014 outbreak, when an infected Liberian-American traveller, Patrick Sawyer, arrived in Lagos and exposed dozens of people before authorities intervened.

At the time, public health experts feared a catastrophic outbreak in Lagos due to its dense population and status as one of Africa’s busiest commercial hubs.

However, rapid contact tracing, aggressive isolation measures, emergency coordination and public awareness campaigns helped Nigeria stop the spread within months.

The World Health Organisation (WHO) later praised Nigeria’s response as one of the most effective Ebola containment efforts in Africa.

The latest alert is considered particularly serious because the Bundibugyo variant remains less understood than the more common Zaire strain.

Unlike the Zaire strain, which has approved vaccines and treatments developed after previous West African outbreaks, the Bundibugyo strain currently lacks licensed countermeasures.

Public health experts have long warned that Nigeria’s heavy air traffic, extensive land borders, crowded urban centres and overstretched healthcare system leave the country vulnerable during regional disease outbreaks.

The warning also comes as Nigeria continues to battle multiple infectious disease outbreaks, including Lassa fever, cholera, and meningitis in several states, increasing pressure on the healthcare system.

Health authorities are now urging Nigerians to remain calm, avoid rumours and fake cures, maintain proper hygiene and report suspected symptoms early as surveillance and preparedness measures intensify nationwide.

 


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