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

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.
General News
FG Launches NERD to Combat Certificate Fraud

Federal government has taken a significant step to enhance the integrity of Nigeria’s education system by deploying the Nigeria Education Repository and Data Bank (NERD), a national digital platform that secures, digitizes, and authenticates academic records across all tertiary institutions.

Forgery
Maruf Tunji Alausa, minister of Education, unveiled the initiative during the National Capacity Building Programme for institutional representatives, underscoring NERD’s importance as a critical national infrastructure for safeguarding academic credentials and strengthening education data governance.
“NERD is essential to our reform agenda under the leadership of President Bola Ahmed Tinubu,” Alausa stated.
“It ensures reliable digital preservation and verification of academic records, which is vital for maintaining the credibility of our education system.”
According to Alausa, in the brief span of four months since its implementation, NERD has made remarkable progress, successfully preserving nearly 100,000 digital student submissions and integrating over 250 tertiary institutions.
The platform has also enrolled more than 133,000 students and 6,800 lecturers, significantly enhancing the academic record-keeping process.
Alausa highlighted that the initiative is a proactive measure against certificate fraud, noting recent investigations that revealed cases involving fraudulent foreign credentials procured from unaccredited institutions.
This underscores the urgency of protecting the integrity of academic qualifications in Nigeria.
Furthermore, the Ministry announced that participation in the NERD system will soon become a prerequisite for either participation in or exemption from the National Youth Service Corps scheme, reinforcing the initiative’s impact on the educational landscape.
The Federal Government remains committed to building a transparent, digitally verifiable, and globally respected education system, ensuring that the integrity of academic records is upheld across the nation.
General News
Goodnews Naija Launches ‘Building in Nigeria’ Series on Entrepreneurs, Real Sector Builders

Goodnews Naija Podcast, a digital platform dedicated to highlighting positive, uplifting stories and innovations from Nigeria, has launched Building in Nigeria, a documentary-style series aimed at spotlighting entrepreneurs and businesses contributing to economic activity and job creation across the country.

The series explores the realities of running and scaling businesses in Nigeria, featuring founders, operators, and innovators across sectors including manufacturing, services, agriculture, and sustainability.
Through interviews and on-ground visuals from workshops, markets, factories, and small offices, the programme examines the operational discipline, challenges, and execution processes required to build viable enterprises in a complex business environment.
Damilola Kehinde, host of the series, said the programme focuses on entrepreneurs whose contributions to economic progress often receive limited visibility.
According to the producer, Memunat Oladepo, the series seeks to move beyond surface narratives by providing practical insights into how Nigerian businesses are started, sustained, and grown despite infrastructure gaps, funding constraints, and market volatility.
The organisers said Building in Nigeria is targeted at entrepreneurs, investors, and policy-interested audiences seeking grounded perspectives on enterprise development in the country.
The first season is scheduled to premiere on March 11, 2026, across Goodnews Naija’s YouTube channel, social media platforms, and podcast platforms, where it recorded over 24 hours of viewership within the first day of release.
General News
FCCPC Bans Lagos ‘No Refund’ Policy, Vows Fines and Shutdowns for Traders

Federal Competition and Consumer Protection Commission (FCCPC) has warned Lagos traders against enforcing the unlawful “no return, no refund” policy, declaring it illegal under the Federal Competition and Consumer Protection Act (FCCPA) 2018.

FCCPC
Dr Olubunmi Otti, FCCPC Southwest Zonal Coordinator, issued the directive during the inauguration of new executives of the Phone and Allied Products Dealers Association (PAPDA) on Wednesday, stressing consumer education as the strongest defence against market exploitation.
“There is no such thing as ‘no return, no refund’. If a product does not fulfil its intended purpose, the consumer has the right to return it,” Otti declared, adding the commission mediates complaints for refunds, replacements, or exchanges.
Non-compliant businesses face fines, product withdrawals, seizures, prosecutions, or shutdowns. Otti noted thousands of monthly complaints via the FCCPC portal in the Southwest alone, with sensitisation expanding to Alaba Market and Trade Fair Complex.
She urged consumers: “When your rights are violated, do not just say, ‘You give it to God.’ Bring your complaints to the FCCPC. The law empowers us to protect you,” while calling for traders’ collective responsibility to ensure quality products and services.
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