Business
Dangote Named Most Admired African Brand, Bags Two More Awards in Addis Ababa
Dangote Industries Limited has been named the most admired African Brand after receiving two more major awards in Addis Ababa over the weekend.
This is another historic milestone for the pan-African investor and the Dangote Industries Limited.
The company garnered three prestigious accolades at the 15th annual Brand Africa 100 awards, held at the iconic Africa Hall in Addis Ababa, Ethiopia—the birthplace of the Organisation of African Unity (OAU), now the African Union (AU).
Dangote Industries Limited was named Most Admired African Brand, following an independent, consumer-led survey conducted across more than 30 African countries.
The company was also inducted into the Brand Africa Hall of Fame, becoming the first African firm to receive this distinction.
The induction recognises Dangote’s transformative impact on African consumers and its influential role in shaping a positive narrative for the continent.
President/Chief Executive, Dangote Industries Limited, Aliko Dangote was honoured with a Lifetime Achievement Award in recognition of his leadership in driving impactful industrialisation, establishing a world-class African brand, and reshaping the continent’s economic future through a benchmark, homegrown enterprise.
Joining Dangote Industries in the inaugural Hall of Fame were MTN, M-Pesa, Ethiopian Airlines, and South Africa, for consistently ranking among Africa’s most admired brands over the past 5 to 15 years and for building sustainable, globally respected brands.
Reacting to the awards, Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina, said the honours reflect the unwavering commitment, excellence, and innovation that define the group’s journey.
He added that they are a testament to the dedication of the company’s outstanding team, partners, and stakeholders, who continue to believe in the mission to drive sustainable development and economic growth across the continent.
“We also extend our heartfelt appreciation for the Lifetime Achievement Award presented to our Founder and President, Aliko Dangote for building a purposeful world-class industrial brand that has exceptionally transformed African lives and the African narrative.
This accolade celebrates not only his visionary leadership but also his tireless efforts in transforming industries, creating opportunities, and championing African enterprise on the global stage.
His legacy is an inspiration to generations of entrepreneurs and leaders across Africa,” he said.
Noting that the recognition would further inspire the company to push boundaries, empower communities, and deliver meaningful value across Africa and beyond, Chiejina reaffirmed Dangote Industries’ commitment to excellence, integrity, and transformative growth.
In his keynote address, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, Mr Claver Gatete, praised Aliko Dangote, the Hall of Fame inductees, and the Brand Africa laureates for advancing the African agenda.
He highlighted the alignment between Brand Africa and the ECA’s mission to promote inclusive industrialisation, regional integration, and private sector-led growth.
He also called for increased investment in youth-led innovation, regional value chains, and the establishment of a Pan-African Creative Innovation Fund to identify, finance, and globalise Africa’s most promising brands.
“I wish to particularly acknowledge MTN, Dangote Group, mPesa and Ethiopian Airlines for consistently maintaining their distinguished positions among the “Most Admired African Brands” category and continuing to set benchmarks in brand leadership, innovation and continental impact,” he said.
According to the organisers, the 2025 rankings reveal a stark contrast between rising African optimism and declining brand loyalty.
While 68% of Africans expressed belief in the continent—up from 64% in 2024—only 11% of the Top 100 Most Admired Brands are African, marking a historic low and down from 14% in 2024.
The report indicates the urgent need for homegrown brands to translate belief into consumer loyalty, and for Africans to more actively support Made-in-Africa products and enterprises.
“It is disappointing to see the sharp drop in African brands, which mirrors the ranking of non-African nations as the most influential in Africa,” says Thebe Ikalafeng, Founder and Chairman of Brand Africa.
“It’s a wake-up call for Africa—and a barometer of the continent’s lagging industrialisation agenda. It’s not enough for Africans to say they believe in the continent—they must buy made-in-Africa.
For that to happen, African brands must invest in R&D, continue to innovate, deliver quality, and use authenticity as a differentiator.”
Business
Emir Sanusi mobilises Kano People “Buy Dangote Refinery’s Shares Now”
“I speak as the Emir of Kano; I would like my people to be owners of this company . I do not want us to be left behind in the capital markets. I do not want us to be left behind in financial inclusion. So this is the time and this is the opportunity,” said Sanusi.
The Emir of Kano, Muhammadu Sanusi II, has praised Kano-born businessman Aliko Dangote and encouraged residents to secure a stake in the Dangote Refinery and Petrochemical Plc before the public offering closes.
“I speak as the Emir of Kano; I would like my people to be owners of this company . I do not want us to be left behind in the capital markets. I do not want us to be left behind in financial inclusion. So this is the time and this is the opportunity,” said Sanusi.
The royal father made the call on Thursday during the Dangote Refinery IPO investor roadshow in Kano, urging residents to invest only disposable income they can afford to lock away for the long term.
His words, “Do not take your children’s school fees and put in shares. Do not sell the house that you live in and put in shares.
“Buy what you can afford, 10,000, 20,000, 30,000 – what you can afford to set aside for some time, set it aside.
And if you look at the fundamentals of the economy, over time you can be assured that this investment will grow, and you will not regret it.
He also advised prospective investors to choose a long-term approach rather than buying shares in anticipation of quick profits.
“And I’m not talking about someone who will buy 5,000 shares and want to sell tomorrow and believe he will get 10,000. No, I’m talking about you have some money, put it in, leave it there for some time, and just watch your money grow.
Forget about it for some time. You’ll be surprised in five years the 10,000 Naira you invest today, what it will be,” Sanusi said.
Business
Nigerians Speak As Petrol sells N1,500/litre
A visit to filling stations showed that motorists were purchasing the commodity for between N1,450 and N1,500 per litre, against the former price of N1,350.
NIGERIANS across the 36 states and the Federal Capital Territory – Abuja, are complaining bitterly as the pump prices of Premium Motor Spirit, popularly known as petrol, is selling for as much as N1,500 per litre nationwide .
According to the Prices across states tracked by the PUNCH, the cost of the commodity has continued to rise nationwide, selling for as high as N1,500 in many states.
In Yobe State, residents reported that petrol was selling for between N1,500 and N1,520 per litre at some filling stations in Damaturu, the state capital.
Similarly, a tricycle rider in the state capital, Musa Ibrahim, said he buys the commodity for about N1,500 per litre at some Nigerian National Petroleum Company filling stations.
Also speaking, a civil servant, Lawan Garba, said some filling stations were selling petrol at an even higher price.
“I am buying petrol at N1,520 per litre in some petrol stations,” Garba said.
In Kano State, petrol was selling for between N1,460 and N1,500 per litre at most filling stations in the metropolis. The increase has forced some vehicle owners to park their vehicles, while commercial tricycle operators, popularly known as “yan’ adaidaita sahu”, have also increased their fares by about 50 per cent, depending on the distance.
The operators who used to charge N200 for a short distance now collect N300, while they charge between N500 and N700 for longer distances.In Sokoto State, petrol prices rose to between N1,465 and N1,500 per litre in the metropolis.
Checks by our correspondent showed that the product had risen from the previous price of N1,365 per litre.
At some filling stations, including AA Rano, Shafa and Total, petrol was sold for N1,465 per litre, while major marketers sold it for between N1,470 and N1,500 per litre.
In Borno State, a litre of petrol was selling for N1,500 at filling stations in Maiduguri, the state capital.
A motorist, Ishaku Curutsi, confirmed to our correspondent that he bought petrol from Matrix filling station for N1,500 per litre on Wednesday. “I bought it this morning, and a litre at Matrix cost 1,500,” he said.
In Taraba State, the price of petrol had risen to N1,500 per litre, with motorists and commuters reporting prices of between N1,500 and N1,700 per litre at some filling stations.
The development is expected to further increase the cost of transportation and movement of goods within the state.In Zamfara State, a litre of petrol was selling for N1,500 in Gusau, the state capital, and its environs.
A visit to filling stations showed that motorists were purchasing the commodity for between N1,450 and N1,500 per litre, against the former price of N1,350.
At Danmarina filling station, motorists were seen purchasing the commodity amid complaints about the increase. One of the motorists, who gave his name as Musa Idris, said the current price was putting pressure on consumers.
• Culled from the PUNCH
Business
Naira Exchange Rates To Dollar, Pound, Euro…Wednesday, 16 September 2026
How much is 100 pounds in naira today?
At the current black market rate of 1880 per pound, 100 British Pounds = 188,000 Naira
BLACK MARKET RATE
1 US Dollar is 1380 Naira.
1 Great British Pound (GBP) is 1880 Naira.
1 Euro (EUR) is 1575 Naira.
1 Canadian Dollar (CAD) is 1000 Naira.
1 Chinese Yuan is 190 Naira.
1 Ghanaian Cedi is 100 Naira.
1 South African Currency, Rand (ZAR) is 70 Naira.
1 UAE Dirham is 370 Naira.
1 CFA Franc (XOF) is 2350 Naira.
1 CFA Franc (XAF) is 2250 Naira.
1 Australian Dollar (AUD) is 850 Naira.
CBN Exchange Rate
DOLLAR (USD) ₦1329.15
POUND (GBP) ₦1793.69
EURO (EUR) ₦1534.77
SWISS FRANC (CHF) ₦1622.69
JAPANESE YEN (JPN) ₦8.5
CFA FRANC (XOF) ₦2.33
WEST AFRICAN UNIT OF ACCOUNT (WAUA) ₦1811.58
CHINESE YUAN (CNY)₦198.03
SAUDI RIYAL (SAR)₦353.85
SOUTH AFRICAN RAND (ZAR)₦81.79
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