Aliko Dangote With $12.2 Billion Net Worth Emerge Forbes’ Richest Man In Africa [2018]

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, for the 7th year running has been adjudged as the richest man in Africa with a net worth that Forbes pegged at $12.2 billion – an increase of $100 million from a year ago.

Aliko Dangote

Number two on the list of African richest people is diamond mining heir Nicky Oppenheimer of South Africa, with a net worth of $7.7 billion, up $700 million from last year. Oppenheimer is one of eight South Africans on the list, making it the African country with the most billionaires. Nigeria has just three.

Aliko Dangote was also recently the only African selected among Bloomberg’s world 50 best persons in the year 2017. Globacom chairman, Mike Adenuga, with a net worth of $5.3 billion was adjudged the 5th richest man in Africa and Folorunsho Alakija, also a Nigerian, whose estimated $1.6 billion fortune lies in oil exploration firm was adjudged as the 15th richest person in Africa.

Forbes further stated that:

“Dangote is looking beyond cement – his most valuable asset – and has been investing in a fertilizer production company and a large oil refinery. Dangote Fertilizer is expected to start operations in the second quarter this year.”

Bill Gates maintained his position as the richest man in the world with a net worth of $86 billion, while Warren Buffet and Jeff Bezos were second and third consecutively with a net worth of $75.6 billion and $72.8 billion.

Zimbabwe gets its first billionaire this year: telecom magnate Strive Masiyiwa, who chairs the Econet Group. Shares of Zimbabwe-listed mobile phone network Econet Wireless Zimbabwe have surged in value over the past year. Masiyiwa owns more than half of that company. He also has a majority stake in fiber optic firm Liquid Telecom, which raised $700 million in a bond offering in July 2017. Forbes estimates Masiyiwa’s net worth at $1.7 billion.

2018 COGA Cathedral Monthly Bible Quiz

The 2018 Citadel of God Almighty, COGA Cathedral Monthly Bible Quiz is aimed at promoting the knowledge and consciousness of the gospel of our Lord Jesus Christ through the Holy Bible.

2018 COGA Cathedral Monthly Bible Quiz

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UNILORIN Debate Team Wins 2018 Genesis Debate Tournament

University of Ilorin, UNILORIN debate team have emerged champions of the maiden Genesis Debate tournament, which is an international open tournament.

Participants were undergraduate and postgraduate students from Nigeria, Ghana & Mauritius, held from the 4th till 7th of January 2018 in Accra, Ghana.

The Final round of the championship held on Sunday, 7th of January at the University of Ghana, was contested by the following teams:

In opening government – Jessica Amoor (University of Ghana) & Esinam Osei-Bonsu (Kwame Nkrumah University of science and Technology)

In opening opposition – Faithfulness Okom (University of Calabar) & Derrick Ackah (Ghana Law school, Mokola)

In closing government – Richard Adu-Poku (Africa Leadership University, Mauritius) & Omotayo Jimoh (UNILORIN)

In closing opposition – Hawau Abikan & David Ejim (both of UNILORIN,)

The UNILORIN debate team was also awarded 3 of the top 10 speakers medals, the best female debater award; the second best judge medal (won by Abolarin Mohammed) and Adekunbi Ademola, served as the Co-Chief Adjudicator of the competition.

Universities in attendance at the 2018 Genesis Debate tournament:

  1. University of Ghana, Legon
  2. Covenant University, Otta
  3. University of Lagos (UNILAG)
  4. Zenith University College, Accra
  5. Federal University of Technology Akure (FUTA)
  6. Islamic University College, Accra
  7. University of Calabar (UNICAL)
  8. Ghana Institute of Management and Public Administration (GIMPA)
  9. Afe Babalola University, Ado-Ekiti
  10. Kwame Nkrumah University of Science and Technology, Kumasi (KNUST)
  11. University of Ilorin (UNILORIN)
  12. Africa Leadership University, Mauritius
  13. Michael Okpara University of Agriculture, Umudike

Winners Of Phillips Consulting 2017 Web-Jurist Assessment Ratings

Winners have emerged in the Phillips Consulting annual Web-Jurist assessment for 2017.

The Web-Jurist ratings aims to accurately gauge the effectiveness and usefulness of customer facing websites and online web service platforms in Nigeria taking into consideration the customers need.

These websites, were assessed in six categories: aesthetics, technical features, website content, customer experience, website performance and website accessibility. Banks were assessed on an additional gauge: the range of financial services available to their customers online.

The Web-Jurist evaluation tool used for the ratings was developed using intelligent algorithms and the process entails a step-by-step web analysis using detailed criteria developed specifically to evaluate the effectiveness and performance of web sites.

The airline category is a new category in the 2017 assessment.

Winners of the Phillips Consulting annual Web-Jurist assessment for 2017

Bank Rating

Position Institution Total
First Access Bank 315
Second Zenith Bank 306
Third United Bank for Africa Plc 303

Public Sector Rating – State Governments & FCT

Position Institution Total
First Oyo 245
Second Ogun 243
Third Kaduna 240

Public Sector Rating – Federal Parastatals

Position Institution Total
First Nigeria Communication Commission 293
Second Nigeria National Petroleum Corporation 260
Third Bank of Industry (BoI) 259

Insurance Rating

Position Institution Total
First Fin Insurance Company Limited 305
Second AXA Mansard Insurance PLC 303
Third Leadway Assurance 289

Telecommunication Rating

Position Institution Total
First MTN 253
Second 9MOBILE 250
Third GLO 176

Airline Rating

Position Institution Total
First Dana Air 225
Second Arik Air 222
Third Azman Air 221

Phillips Consulting explained that it had prior to the announcement of the result, carried out a detailed evaluation of the websites of 20 commercial banks, 103 federal government parastatals, 29 state governments, 47 insurance companies, four telecommunication companies and seven indigenous airlines.

Commenting on the results, Phillips Consulting’s Chairman, Mr. Foluso Phillips said:

“Our remit is to build great institutions, and this is part of the process with the annual Web-Jurist Ratings, which is currently in its 14th iteration.”

Diamond Bank Appointed Member Adviser Of World Economic Forum (WEF) [2018]

Diamond bank has been appointed a forum member adviser of the World Economic Forum (WEF). The appointment marks the first time a Nigerian company will be appointed.

Diamond bank is the second African company to become a WEF forum adviser. Membership of the forum is on an invitation only basis.

Diamond bank

Commenting on the appointment and his attendance at the World Economic Forum’s Annual Meeting, Diamond Bank’s CEO Uzoma Dozie said:

“I am delighted that Diamond Bank was invited to join as a Forum Member Adviser of the World Economic Forum, as it is testament to our status as one of Nigeria’s leading innovators. I am also thrilled to be attending this year’s Annual Meeting in Davos, where I will be presenting my views on the three key areas of financial inclusion, Nigeria’s positive outlook and the future of banking.

In particular, I will be sharing Diamond Bank’s experience in the financial inclusion space where our Beta Proposition and Diamond Yello Account have made significant inroads in bringing previously under banked people into the financial system. It will also be an opportunity to highlight the transformative role of technology and data in enhancing financial inclusion in a country of 180 million people where nearly half do not have a bank account.

I will also be passionately championing the success of increasing numbers of technology-enabled entrepreneurs and the culture of innovation that is taking hold in Nigeria, particularly Lagos. This innovation is leading to a new wave of business leaders that are shaping the Nigeria of tomorrow, as well as helping fuel economic growth today.

Despite historic challenges, I will also use the World Economic Forum Annual Meeting as a platform to promote Nigeria’s excellent fundamentals and its recent progress.”

Diamond is the only Nigerian bank selected to partner with UK’s Department for International Development on their financial inclusion programme. Diamond also has a partnership with Women’s World Banking – backed by the Bill & Melinda Gates Foundation – with Mr Dozie on its board.

The Diamond Y’ello Account has over 8.6 million users, making it a market leader in the Nigerian financial inclusion space.

Founded in 1971, the mission of the World Economic Forum (WEF) is to improve the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.