Dangote Dominates, Rabiu’s Wealth Doubles, Adenuga, Otedola Shine on Forbes 2026 Billionaires List Emmanuel Addeh in Abuja
Nigeria’s billionaire class has delivered a powerful showing on the 2026 Forbes global rich
list, with industrial mogul, Aliko Dangote, maintaining his grip as Africa’s richest man while fellow entrepreneur Abdulsamad Rabiu recorded the most dramatic surge
in wealth and Mike Adenuga as well as Femi Otedola, remained on the billionaire leaderboard. The latest ranking places Dangote 86th among the world’s richest
individuals with a net worth of $28.6 billion, reaffirming his status as the continent’s wealthiest person. The Lagos-based tycoon built his fortune through the Dangote Group,
a sprawling industrial conglomerate anchored by Dangote Cement, Africa’s largest cement producer. Dangote controls about 85 per cent of the publicly traded company
through a holding structure, Forbes said. With an annual production capacity of 48.6 million metric Continued on page 10
Smarting from Appeal Court Ruling, PDP Mulls Reconciliation, Lays Down Conditions... Page 34 Wednesday 11 March, 2026 Vol 31. No 11294. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Nigerians Groan Under Rising Fuel Prices, Tinubu Directs Deployment of 100,000 CNG Conversion Kits Dangote cuts petrol gantry price by N100 amid tumbling crude oil rates Fuel sells for N1,280 in Abuja, N1,250 in Lagos, N1,350 in Kano
Deji Elumoye, Emmanuel Addeh in Abuja, Peter Uzoho in Lagos, Ahmed Sorondinki in Kano and
Blessing Ibunge in Port Harcourt
As Nigerians continue to groan
under climbing fuel prices as a result of the Iran-US war, President Bola Tinubu yesterday ordered the
immediate deployment of 100,000 Compressed Natural Gas (CNG) conversion kits to ease the burden
on motorists and reduce dependence on petrol. It came as Abuja motorists are cur-
rently paying between N1,260 and Continued on page 10
NNPC: Presidential Approval Secured for $20bn FID on Bonga Deepwater Project
It’s first FID on a Nigeria deepwater PSC asset since 2008 Project expected to produce 150,000 bpd, create over 5,000 jobs We have broken the logjam, says Ojulari
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Nigerian National Petroleum Company Limited NNPC (NNPC Ltd) yesterday announced that it had secured presidential approval for a targeted fiscal incentive package aimed at unlocking the longdelayed Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. The national oil company, in a statement in Abuja by its spokesman, Andy Odeh, stressed that the development is expected to attract about $20 billion in Foreign Direct Investment (FDI) and revive large-scale offshore oil investments in the country. The approval, granted by Continued on page 10
OGIAME ATUWATSE III MEETS KING CHARLES III...
L-R: The Oluyemi of Warri Kingdom, Chief Samuel Amatotsero; His Majesty Ogiame Atuwatse III, CFR, the Olu of Warri Kingdom; Queen Consort of Warri Kingdom, Olori Atuwatse III and Head of Commonwealth of Nations, His Majesty, King Charles III of United Kingdom during Commonwealth Day Celebrations in London … yesterday