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Aliko Dangote, with a net worth of $28.5 billion, retains his title as the richest Black person globally, leading a group of 27 Black billionaires highlighted in the 2026 Forbes list, including fellow Nigerians Abdulsamad Rabiu, Mike Adenuga, and Femi Otedola.
Billionaire Aliko Dangote has accused Nigeria's downstream petroleum regulator of still granting petrol import permits, warning that this practice undermines his refinery's capacity to meet national demand and could jeopardise the country's energy security. The claim contrasts with assurances from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Billionaire businessman Femi Otedola anticipates a significant strengthening of the Nigerian naira following the Dangote Refinery's announcement of reaching its full operational capacity of 650,000 barrels per day. He believes this will ease pressure on the foreign exchange market.
Africa's wealthiest individual, Aliko Dangote, alongside former Nigerian President Olusegun Obasanjo, engaged in high-level discussions with Burundi's President Evariste Ndayishimiye to explore significant investment opportunities within the nation.
Dangote Fertiliser has appointed MTN Group CEO Ralph Mupita to its board, signalling an expansion of operations and preparations for an Initial Public Offering (IPO) on the Nigerian Stock Exchange.
