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My daughter excited I’ll see Burna Boy, Rema In Nigeria — Bill Gates

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The youngest daughter of American business mogul, Bill Gates, known as Phoebe said she is excited that her dad would see Nigerian music stars – Burna Boy and Rema when he visit Nigeria with her Dad.

Recall that Gates and Aliko Dangote had visited President Bola Tinubu on Monday, as part of the Gates Foundation’s commitment to working closely with communities and leaders to support innovation.

While delivering his opening address at an event in Lagos State, Bill Gates made the revelation disclosing Phoebe’s gladness over his visit to Nigeria and the possibility of meeting Afrobeats stars such as Burna Boy and Rema.

He said: “When my daughter Phoebe heard I was coming to Nigeria, she said, “You’re lucky because you get to see Burna Boy and Rema, so I had to look them up…because I’m so ‘hip’. But I remember the last time I was here, I got to see Davido & Wizkid perform,”.

Gates said Nigeria is filled with creative minds and Afrobeats from Nigeria are popular everywhere.

“Of course, being here in Nigeria, I can’t help but mention the amazing creativity that goes on here.

“Afrobeats from Nigeria are popular everywhere. When my daughter Phoebe heard I was coming to Nigeria, she said, ‘You’re lucky to go see Burna Boy and Rema,” he said.

He further recalled his last visit to Nigeria seeing Davido and Wizkid perform.

“But I also remember, the last time I was here, I did get to see Davido and Wizkid perform and I was quite impressed with that. So, my kids think I’ve come to a very hip place,” he added.

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Business

TIME Names Moniepoint CTO Felix Ike Among 50 Global Executives of the Year

In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.

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TIME magazine has named Felix Ike, co-founder and Chief Technology Officer of Nigerian fintech Moniepoint, to its inaugural Executives of the Year: Tech and Data list.

Ike is the only executive representing an African company among the 50 leaders selected for the 2026 list.

The list, unveiled on Tuesday, September 22, recognises chief information officers, chief technology officers, chief data officers and chief product officers whose decisions are shaping how major organisations deploy technology and use data.

Moniepoint is also the only African company represented on the inaugural list.

Ike was named alongside executives from Netflix, CrowdStrike, Dell, Duolingo, AT&T, OpenAI, Anthropic, Shopify and Reddit, among others.

In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.

“The recognition follows Moniepoint’s inclusion in TIME’s 2025 list of the 100 Most Influential Companies, giving the Lagos-founded fintech another global distinction.

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Business

Naira Exchange Rates, Friday September 25

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Black Market Rates

₦1382DOLLAR (USD)

₦1855POUND (GBP)

₦1545EURO (EUR)

1000 DOLLAR (CAD)

₦70 RAND (ZAR)

370DIRHAM (AED)

190YUAN (CNY)

₦100G.CEDI (GHS)

₦2350 CFA F.(XOF)

₦2250 CFA F.(XAF)

₦850 AUSSIE (AUD)

Official CBN Exchange Rates

DOLLAR (USD)₦1328.67

POUND (GBP)₦1758.36

EURO (EUR)₦1511.63

SWISS FRANC (CHF)₦1605.45

JAPANESE YEN (JPN)₦8.38

CFA FRANC (XOF)₦2.31

WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1808.03

CHINESE YUAN (CNY)₦197.92

SAUDI RIYAL (SAR)₦353.86

SOUTH AFRICAN RAND (ZAR)₦81.09

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Business

Djibouti, Ethiopia and Dangote to build $660 million petroleum pipeline

In Kenya, Dangote and the government are ⁠due to break ground on a new 700,000-barrel-per-day crude oil refinery in Lamu next week.

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Ethiopia, Djibouti and Nigerian billionaire Aliko Dangote plan to build a $660 million refined petroleum pipeline ‌that will connect Ethiopia and Djibouti, a spokesperson in Ethiopian Prime Minister Abiy Ahmed’s office said on Thursday.

The project will include a 120-km (75-mile) pipeline, as well as approximately 375,000 cubic metres of storage capacity ⁠at Damerjog in Djibouti and 800,000 cubic metres at Dewele in Ethiopia, the spokesperson told Reuters, adding it should become operational within 18 months.

Abiy said on his X account the project will be developed through a partnership between Ethiopian Investment Holdings and the Dangote Group, which separately is already building a $4 billion fertiliser pipeline ‌and ⁠power plant, and a polypropylene packaging facility, in Ethiopia.

The project aims to reduce logistics costs and delays along the Ethiopia-Djibouti transport corridor, Abiy said.

Developers say the infrastructure will strengthen ⁠energy security and improve supply chain resilience for the two countries, he said.

Abiy is on a visit to Djibouti and ⁠made the announcement alongside its president, Ismail Omar Guelleh, and Dangote.

In Kenya, Dangote and the government are ⁠due to break ground on a new 700,000-barrel-per-day crude oil refinery in Lamu next week.

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