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Aliko Dangote Net Worth Declines Massively By $2.3 Billion In 2024

The wealth of Africa’s richest individuals took a hit in 2024, with the combined net worth of the continent’s top billionaires declining over the past 363 days.
According to data collated from Forbes estimates, only 10 of Africa’s 20 billionaires recorded significant gains or losses this year, with their collective wealth now standing at $61.4 billion—down from $63 billion at the start of the year.
This year, four of Africa’s wealthiest individuals collectively lost a staggering $4.5 billion from their fortunes, reflecting the profound impact of economic headwinds and market volatility on even the most robust industries. Delays in large-scale projects, declining asset values, and fluctuating markets contributed to these setbacks, affecting sectors like cement production, and energy.
Loss: ($2.3 billion)
Net Worth: $11.6 billion (Jan 2024: $13.9 billion)
Sector: Manufacturing
Aliko Dangote, Africa’s wealthiest individual and founder of Dangote Cement, saw his net worth tumble from $13.9 billion in January to $11.6 billion by year-end—a staggering $2.3 billion loss. The decline stems from volatile market conditions and delays in operationalizing the much-anticipated Dangote Refinery.
Dangote Cement, his flagship venture, dominates the continent with an annual production capacity of 48.6 million metric tons and operations across 10 African nations. Despite this setback, the launch of the Dangote Refinery is expected to be a transformative project for Nigeria’s economy. Dangote’s resilience underscores his pivotal role in Africa’s manufacturing sector.
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15 huts razed, one injured in renewed Jukun-Tiv violence

A fresh outbreak of ethnic violence between the Jukun and Tiv communities has erupted in Taraba State, with suspected Jukun militias launching an early-morning attack on Dekeh Village along the Wukari–Kente Road.
According to security sources available to Zagazola Makama, the incident occurred at approximately 1:00 a.m. on Tuesday.
About six armed assailants stormed the village, opening fire indiscriminately and setting 15 huts ablaze. The attack forced residents to flee in panic, leaving behind food items, including yam seedlings, which were destroyed in the blaze.
One resident identified as Mdue Saaondo, sustained gunshot injuries during the assault. He was rescued by a joint team of police and military personnel and transported to the Federal University Teaching Hospital in Wukari for medical treatment.
The Taraba State Police Command has launched an investigation to identify and apprehend those responsible. Authorities have also scheduled a security meeting with the Wukari Local Government Traditional Council as part of efforts to restore peace and encourage dialogue between the Tiv and Jukun communities, who have long-standing disputes over land and territorial claims.
“Patrol and surveillance operations are ongoing to forestall further violence and ensure stability in the area,” police authorities stated.
The incident adds to the growing list of violent clashes that have plagued southern Taraba in recent years, underscoring the urgent need for a sustainable resolution to the communal tensions.
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2025 U-20 AFCON: Flying Eagles zoom into quarter-final after draw with Kenya

Nigeria’s Flying Eagles booked a place in the quarter-final at the 2025 Africa U-20 Cup of Nations after playing out a 2-2 draw against Kenya.
Aliyu Zubairu’s side finished second in Group B with five points from three games.
The Atlas Cub of Morocco top the group with seven points after beating Tunisia 3-1 at the Suez Canal Stadium in Ismailia.
Kenya started the game strongly, and deservedly took the lead after six minutes.
Nigeria defender Emmanuel Chukwu handled the ball inside the box, and after initially awarding a free kick to Kenya, the centre referee pointed to the spot following consultation with VAR.
Captain Kevin Wangaya Colly slotted the ball past Ebenezer Harcourt to give the Rising Stars the lead.
The Flying Eagles fought back seven minutes later with Lillestrøm striker Kparobo Arierhi netting after he was put on through on goal by Simon Cletus.
Nigeria dominated the game in the second half but failed to test the Kenyan goalkeeper.
Kenya took the lead for the second time in the game through substitute William Nwangi on 68 minutes.
Nwangi lashed home Humphrey Kegengo’s free kick from inside the box.
Daniel Bameyi, however, converted from the spot to hand the Flying Eagles a share of the spoils.
News
Trump announces judicial nominees, accuses US court of obstruction

United States President Donald Trump has announced a fresh slate of judicial nominees in a series of posts on Truth Social on Tuesday.
The president, who has repeatedly expressed frustration over what he sees as judicial obstruction, followed up on Wednesday with a post criticising the judiciary for allegedly preventing him from carrying out the mandate of the American people.
The Republican leader, whose second-term agenda has encountered multiple judicial roadblocks, wrote: “Our Court System is not letting me do the job I was Elected to do.
“Activist judges must let the [Donald] Trump Administration deport murderers, and other criminals who have come into our Country illegally, WITHOUT DELAY!!!”
Trump named Maria Lanahan, Missouri’s Principal Deputy Solicitor General, as a nominee for a judgeship on the US District Court for the Eastern District of Missouri. He praised her as “a true patriot” in a post on Tuesday.
The 78-year-old also nominated Judge Cristian Stevens to serve on the same court, describing him in another post as “a Great Patriot.”
The announcements came a day after a federal appeals court declined the Trump administration’s request to revoke temporary legal status from hundreds of thousands of Nicaraguans, Venezuelans, Haitians, and Cubans living in the United States.
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