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New economic platform targets African wealth creation through shared ownership model

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New economic platform targets African wealth creation through shared ownership model

By Ambrose Nnaji

The Black Wall Street Community has opened its membership to Africans across the continent and in the diaspora, inviting individuals to participate in an economic ecosystem designed to promote collective prosperity, shared ownership, and long-term wealth creation.

Founder King Charles Lambert described the initiative as a transformative platform built on what he calls the Compassionate Capitalism Economic System, an inclusive financial model that allows members to participate as shareholders in multiple sector-based platforms aimed at meeting essential needs while generating sustainable economic opportunities.

According to Lambert, the community operates through a structure of 28 digital applications covering key sectors of the economy, including banking, education, transportation, insurance, infrastructure, business development, and emergency services.

He explained that participation in the system provides members access to employment opportunities, contracts, partnerships, funding channels, training programmes, and investment platforms within a connected economic network.

Lambert said the model is designed to ensure that wealth generated within African communities continues to circulate internally rather than flowing outward.

“Ownership is the foundation of economic freedom,” he said, encouraging Africans to become shareholders and active contributors to a collaborative economic structure.

The modern Black Wall Street Community draws inspiration from the historic Tulsa Race Massacre, which destroyed the prosperous Black business district in Tulsa, Oklahoma, widely known as Black Wall Street.

The early twentieth-century community demonstrated how collective economic organisation could create thriving businesses and generational wealth despite social and political challenges.

Lambert said the new initiative seeks to revive that spirit of cooperation using digital platforms, with a strong focus on Africa and its global diaspora.

In 2021, the community marked the centenary of the Tulsa tragedy with a two-day programme titled The Resurrection Event: Africa’s Rebirth, held in Kampala, Uganda.

The event commemorated 100 years since the destruction of the Black Wall Street district, where more than 300 people were killed and over 1,000 businesses destroyed during a racially motivated attack.

The economic model operates on a three-part strategy known as Educate, Trap, and Invest.

The education component focuses on financial literacy and skills development through digital media channels.

The “trap” strategy aims to reduce capital flight by encouraging members to spend within businesses inside the network, while the investment component converts participation into ownership through access to ventures, employment, and investment opportunities.

Membership is structured around a shareholder model linked to the 28 digital platforms, with participants expected to benefit from profit-sharing opportunities while upholding values such as integrity, diligence, persistence, empathy, and discipline.

Lambert said the broader mission is to help Africans gain greater control of economic capital and development pathways by strengthening sectors such as business empowerment, education, healthcare, infrastructure, environmental sustainability, credit systems, and wealth creation.

Supporters of the initiative argue that Africa’s economic challenges are partly linked to limited access to capital and restricted participation in global financial systems.

They believe that pooling resources and building internal networks could accelerate development and strengthen economic independence across the continent.

With membership now open, the Black Wall Street Community is inviting Africans worldwide to join what Lambert described as a long-term effort to rebuild economic strength through unity, ownership, and value-driven enterprise.

“The future of Africa’s economy will be determined by Africans who are willing to build systems that prioritise unity, ownership, and purpose-driven capital,” he said.

King Charles Lambert

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Investor confidence lifts Guinness Nigeria above ₦1trn market cap

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By Ambrose Nnaji

Guinness Nigeria PLC has crossed the ₦1 trillion market capitalisation threshold on the Nigerian Exchange (NGX), marking a significant milestone that underscores renewed investor confidence and the company’s sustained value creation drive.

As of April 10, 2026, the brewer’s market capitalisation stood at approximately ₦1.01 trillion, with an enterprise value of about ₦1.05 trillion. The milestone reflects a notable market re-rating, underpinned by stronger fundamentals and a clearer growth trajectory.

The development caps an impressive 18-month run in which Guinness Nigeria has delivered robust gains in shareholder value. By April 12, the company’s share price closed at ₦462.90, highlighting continued upward momentum and positive sentiment around its strategic direction.

Its latest audited results for the 18-month period ended December 31, 2025, reinforce the turnaround narrative. Revenue rose to ₦730.80 billion, while gross profit surged 152 per cent to ₦230.48 billion, driven by improved margins and operational efficiency.

In a decisive shift, the company posted a net profit after tax of ₦41.16 billion, reversing losses recorded in the prior period. The return to profitability signals the effectiveness of its transformation strategy and strengthens its long-term value proposition to investors.

The reporting period also represents a transitional phase for the company, including the adoption of a new December year-end and its first full audited cycle under the current ownership structure—steps that are expected to support stronger governance and performance consistency.

Commenting on the milestone, Board Chairman Fabian Ajogwu described it as a validation of the company’s strategy. He noted that crossing the ₦1 trillion mark reflects business resilience, brand strength, and renewed investor confidence in its long-term outlook.

Operationally, Guinness Nigeria has driven performance through revenue growth, portfolio optimisation, cost discipline, and enhanced route-to-market capabilities. These efforts have been complemented by a sharper focus on innovation, premiumisation, and consumer-centric offerings.

The company has also strengthened its balance sheet, embedded sustainability practices, and maintained strong corporate governance, while continuing to promote responsible consumption and community impact.

Looking ahead, Guinness Nigeria says it will sustain growth momentum through innovation, portfolio expansion, and disciplined capital allocation, with a continued focus on delivering superior shareholder returns.

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UN backs Dangote model as Africa confronts deepening food security crisis

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By Ambrose Nnaji

The Deputy Secretary-General of the United Nations, Amina Mohammed, has underscored the strategic importance of Dangote Industries Limited—particularly its fertiliser arm—in tackling Africa’s mounting food security challenges, while calling for stronger global partnerships to scale its impact.

Speaking during a visit to the company’s industrial complex, in Lagos, Mohammed said the United Nations would prioritise amplifying scalable, private-sector-led solutions capable of mitigating the continent’s food crisis, describing Dangote’s integrated industrial model as a critical pathway.

“I think the UN’s job here is to amplify and to put visibility on the possibilities of mitigating a food security crisis, and this is one of them. I hope that when we go back, we can continue to engage partners and countries that should collaborate with Dangote Industries,” she said.

Her remarks come amid heightened concern over food shortages and supply chain disruptions across Africa, driven by global economic pressures, climate-related shocks and geopolitical tensions, particularly in the Middle East.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said the group has ramped up exports of urea and Premium Motor Spirit (PMS) to African markets affected by supply disruptions.

 

 

 

He noted that the company has intensified fertiliser shipments to support agricultural productivity and ease supply constraints across the continent.

“The challenges are many. One is urea, which is fertiliser that we have. In the last couple of days, we’ve been loading to mostly African countries, which we were not doing before. And

Managing Director/CEO, Dangote Fertiliser Limited, Sunil-Kumar Chauhan; President/CE, Dangote Industries Limited, Aliko Dangote; Deputy Secretary-General of the United Nations, Amina Mohammed; Vice President Oil & Gas, Dangote Industries Limited, Devakumar Edwin, during the visit to Dangote Fertiliser Limited, in Lagos.

now it’s petroleum products, which we are sending mainly to African countries”, he said.

Dangote added that the refinery has shipped about 17 cargoes of petrol to countries across Africa, leveraging its 650,000 barrels-per-day capacity to stabilise supply in multiple regions.

“What I can do is assure Nigerians and most of West Africa, Central Africa, and East Africa—we have the capacity to supply them,” he said.

On feedstock supply, Dangote commended the Nigerian National Petroleum Company Limited for increasing crude deliveries to the refinery in March, with volumes rising to 10 cargoes—six supplied in naira and four in dollars—to support domestic fuel availability.

Despite the improvement, supply remains below the 19 cargoes required for optimal operations, forcing the refinery to bridge the gap through imports from the United States and other African producers.

Dangote also raised concerns over the reluctance of international oil companies operating in Nigeria to sell crude directly to the refinery, noting that their preference for trading intermediaries increases costs and has broader implications for the economy.

He added that the refinery is seeking expanded access to domestically priced crude under local currency arrangements as part of efforts to moderate fuel costs and strengthen long-term energy and food security across the continent.

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Unlocking digital potential: NLNG hosts second ‘Change Your Story’ workshop for journalists

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By Ambrose Nnaji

NLNG has reaffirmed its commitment to advancing media development in Nigeria with the successful completion of the second edition of the #NLNGChangeYourStory workshop for 2026, held in Lagos.

The workshop brought together 40 media professionals from various outlets to explore the evolving role of artificial intelligence and digital communication in journalism. Focused discussions emphasised the potential of emerging media technologies to enhance real-time reporting, expand global audience reach, and deepen digital engagement.

Sophia Horsfall, NLNG’s General Manager for External Relations and Sustainable Development, described the event as part of the company’s wider mission to strengthen media partnerships and foster professional excellence in journalism. She highlighted the importance of informed reporting in shaping public perception, particularly within critical sectors like energy and sustainability.

“We provide the energy that powers nations; you provide the information that powers minds,” Horsfall noted, urging participants to incorporate the knowledge gained into their work to elevate journalistic standards.

The workshop featured expert-led sessions, including digital communication specialist Dan Mason on digital storytelling, and veteran journalist Taiwo Obe’s hands-on Journalism Clinic. The participants honed skills in data visualization, audience engagement, and online verification—tools that will aid their digital transition.

With over 400 journalists trained in digital communication, NLNG continues to demonstrate its unwavering commitment to supporting the media industry’s digital evolution.

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