NEWS
Forbes Billionaires List: Nigeria’s Dangote, Adenuga, Otedola, Others Named

The President of the Dangote Group, Aliko Dangote, retained his position as Africa’s richest person and was listed as the 51st richest person in the world in the Forbes 2016 World’s Billionaires list released on Tuesday.
Dangote’s net worth, according to the magazine, has risen to $15.4bn from $14.7bn in 2015. He was ranked 67th in the 2015 list.
The 2016 list, which contains 1,810 billionaires in dollar terms, also has four other Nigerians apart from Dangote.
These are the Chairman of Globacom, Dr. Mike Adenuga; Chairman of Forte Oil, Mr. Femi Otedola; Founder and Executive Chairman, Famfa Oil Limited, Mrs. Folorunsho Alakija; and Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu.
Adenuga, whose net worth was put at $10bn, was ranked 103rd on the global list; while Otedola, with a net worth of $1.8bn, was ranked 1,011th.
Alakija, estimated to be worth $1.6bn, came in the 1,121st position, while Rabiu was ranked the 1,577th billionaire in the world, with a net worth of $1.1bn.
The five were on the Forbes 2015 World’s Billionaire list.
However, Dangote, Adenuga, Otedola and Rabiu moved up on the 2016 list, while Alakija dropped down.
Dangote, Adenuga, Otedola and Rabiu emerged 51st, 103rd, 1,011th and 1,577th in this year’s list, from 67th, 393rd; 1,741st and 1,741st, respectively in 2015.
Alakija, who was ranked 949th last year, was listed in the 1,121st position this year.
Despite the economic crisis in Nigeria, the five billionaires are said to have increased their net fortunes by $7bn (N1.4tn). They had a combined net worth of $29.9bn this year, down from $22.9bn the year before.
In the Forbes 2015 World’s Billionaires list, the fortunes of Dangote, Adenuga and Alakija were put at $14.7bn, $4.2bn and $2bn, respectively, while Otedola and Rabiu had a net worth of $1bn each.
Although the Nigerian billionaires had their fortunes increased, the situation was not totally the same globally.
According to Forbes, volatile stock markets, falling oil prices and a stronger dollar led to a dynamic reshuffling of wealth around the globe, and a drop in 10-figure fortunes for the first time since 2009.
For the 30th annual guide to the world’s richest, Forbes found 1,810 billionaires, down from a record 1,826 a year ago.
Forbes said the aggregate net worth was $6.48tn, which is $570bn less than that of last year.
It was also the first time since 2010 that the average net worth of a billionaire dropped – it is now $3.6bn, $300m less than last year, it said.
Behind these figures is a story of huge upheaval, as 221 people fell off the list, while 198 newcomers joined the ranks; another 29 people from 2015 died, while 29 who had previously fallen off climbed back on. Of those who were billionaires both years, 892 are poorer, while 501 added to their fortunes.
The reshuffling starts at the top. Only two people in the top 20 managed to hold on to their ranks. Bill Gates remains the richest person in the world with a net worth of $75bn, despite being $4.2bn poorer than a year ago.
He has been No. 1 one for three years in a row and topped the list 17 out of 22 years. In the 30 years Forbes has tracked global wealth, only five people have held the title of the richest person on planet; three of those still rank among the four richest in the world, including Warren Buffett and Carlos Slim.
Holding steady is Buffett at No. 3. Zara’s Amancio Ortega moves up to No. 2 for the first time, displacing Mexico’s Carlos Slim, who slips to No. 4. Slim’s fortune fell by $27.1bn to $50bn in the past year, as shares of his telecom business, América Móvil, tumbled.
Mark Zuckerberg had the best year of all the billionaires. The 31-year-old added $11.2bn to his fortune and moved up to No. 6 from 16. He and Amazon’s Jeff Bezos both make their first appearance in the top 10 of Forbes annual ranking of the world’s wealthiest.
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NEWS
Nigerian Born Int’l Journalist, Livinus Chibuike Victor, attempts to attain Interviewing Marathon of 72hours 30 Seconds

Journalists plays an essential role in promoting transparency, challenging power, and giving a voice to the voiceless. Despite increasing threats to press freedom across the world.
As the world reflects on the vital role journalists play in upholding democratic values, Livinus Chibuike Victor, Imo State born globally acclaimed journalist, proudly announce a historic Guinness World Record attempt for the longest interviewing marathon, with the Theme (NIGERIA OUR STRENGTH) scheduled to take place from 28th September to October 1st 2025, at Tangier Hotel, 34, Ekukinam street, Besides ABC Transport, Utako, Abuja.
The record attempt according to Victory, aims to highlight the enduring impact of journalism in a democratic society, a profession that continues to educate, empower, and hold those in power accountable. In an age where truth is often under siege, this initiative seeks to draw attention to the essential need for a free, ethical, and fearless press.
“Democracy is impossible without an informed public, and journalists are the ones who make that possible, “This attempt is not just about setting a new world record; it’s about celebrating truth, integrity, and the powerful role journalism plays in building and sustaining open societies.
The Guinness World Record attempt will feature a series of activities designed to engage the public, celebrate press freedom, and honor the sacrifices made by journalists around the world.
Members of the public, media professionals, and civic leaders are invited to witness and support the event as it unfolds over three inspiring days at the Tangier Hotel, Ekukinam Street, Utako,.Abuja, Nigeria.
About Livinus Chibuike Victor
Livinus Chibuike Victor is a Nigerian journalist known for his fearless reporting and advocacy for Press Freedom. He has worked tirelessly to promote transparency and accountability in society through his work.
NEWS
South East NUJ hosts homecoming, awards Chris Isiguzo Lifetime Achievement Honour

The immediate past National President of the Nigeria Union of Journalists (NUJ), Chief Dr. Chris Isiguzo (MFR), has been celebrated with a Lifetime Achievement Award by journalists from the South East Zone C during a special homecoming held in his honour at the NUJ Enugu Council Press Centre.
Speaking at the event, NUJ Vice President (South East), Comrade Ezenwa Adiuku, said the recognition was in appreciation of Isiguzo’s remarkable leadership and contributions during his tenure as National President. He described him as “a pathfinder, a trailblazer, a mentor, and a leader,” noting that he positioned the South East as a strong voice within the Union.
Chairman of the occasion and SSA to the Enugu State Governor on External Media Relations, Mr. Uche Anichukwu, stressed the importance of quality leadership recruitment in a democracy, urging citizens to reject vote buying and selling. He charged the media to intensify civic education to ensure credible leadership choices.
The current NUJ National President, Comrade Alhassan Yahya, praised the South East leadership for honouring Isiguzo, adding that it was the first time a sitting national president would honour his predecessor. He expressed confidence in the new Enugu Council leadership under Comrade Obinna Ogbuka, urging members to give full support.
In his response, Isiguzo expressed gratitude to the Union, recounting his administration’s achievements such as member registration, creation of the NUJ website, restoration of peace in councils, improved relations with state governments, and enhanced staff welfare.
Delivering a keynote address on “Leadership Recruitment Amid Challenges of Poverty: The Role of the Media”, UNN Vice Chancellor, Prof. Simon Uchenna Ortuanya, represented by Prof. Olaiwola Usman, linked Nigeria’s poverty crisis to poor leadership choices, stressing the media’s role in promoting credible recruitment of leaders.
The high point of the ceremony was the presentation of the NUJ South East Zonal Lifetime Achievement Award portrait to Isiguzo by Comrade Yahya, alongside tributes from NUJ and NAWOJ leaders.
NEWS
NSITF mourns Afriland Towers fire VICTIMS, calls for stronger workplace safety

The Nigeria Social Insurance Trust Fund (NSITF) has expressed deep sorrow over the lives lost in the recent fire at Afriland Towers on Broad Street, Lagos.
The Fund said its thoughts are with the families, colleagues, and organisations affected, including the Federal Inland Revenue Service, United Capital Plc, UBA, Afriland Properties, and others.
NSITF’s Managing Director and Chief Executive, Barr. Oluwaseun Faleye, sent heartfelt condolences, saying: “Our hearts go out to those who have lost loved ones. We stand with you in this time of grief.”
He also commended the courage of emergency workers and the swift action of the Lagos State authorities in containing the situation.
To support those affected, NSITF has activated its Lagos support desk to work with employers, families, and government agencies. The desk is helping with incident reports, claims processing, and benefits under the Employees’ Compensation Scheme.
This covers dependants of the deceased as well as rehabilitation support for survivors. “Our case officers are ready to guide families and employers every step of the way,” Faleye assured.
The Fund noted that the tragedy highlights the importance of workplace safety and the need for organisations to take precautions to prevent such disasters.
NSITF urged all employers to: Strengthen workplace safety measures and emergency protocols, especially in high-rise buildings and around backup power systems.
Report incidents quickly to NSITF so support can be provided without delay.
Ensure their organisations are registered with NSITF and that Employees’ Compensation contributions are up to date to guarantee full protection for their workers.
“These measures can save lives, reduce risks, and ensure timely support for those in need,” Faleye stressed.
On behalf of NSITF’s Board, Management, and Staff, he extended the Fund’s deepest sympathies to all those affected, pledging continued collaboration with the Federal Government and Lagos State authorities to protect Nigerian workers.
May the souls of the departed rest in peace.
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