Business
Dangote Regrets Not Buying Arsenal for $2B
Aliko Dangote, Chairman of the Dangote Group, has expressed his regret over missing the opportunity to purchase Arsenal Football Club for $2 billion.
Speaking during an interview with Bloomberg’s Francine Lacqua in New York, Dangote acknowledged that the window for acquiring the Premier League team had likely closed.
Reflecting on past ambitions, Dangote explained that he had once seriously considered buying the club after completing his refinery project.
However, the rapid increase in football club valuations and Arsenal’s current success made the acquisition less feasible.
He pointed out that when he initially entertained the idea, Arsenal was not performing well on the field, making the purchase more attractive at the time.
Now, with the club’s value reportedly soaring to $4 billion, Dangote noted that he no longer has the excess liquidity to pursue such a venture.
He emphasized that his resources were better utilized in completing his business projects, which he viewed as more critical to his overall strategy.
While the opportunity to buy Arsenal has passed, he remains a passionate supporter of the club, continuing to follow their games and cheer them on as a devoted fan.
Despite his regret over not seizing the opportunity earlier, Dangote reiterated that his decision was influenced by practical considerations.
He expressed satisfaction with his role as a fan and major supporter, acknowledging that the money used to purchase the club could have been better spent on his various business ventures.
Looking back, he admitted that Arsenal’s rising fortunes have only deepened his sense of missed opportunity, but he remains committed to focusing on his core business interests moving forward.
Dangote Petroleum Refinery has lowered the price of Premium Motor Spirit (PMS), or petrol, to N825 per litre, down from N835, as competition heats up in Nigeria’s fuel market.
This follows last month’s price reduction, when the 650,000 barrels per day refinery dropped the price from N865 to N835. The recent price change is aimed at providing more value to customers while strengthening Dangote’s position as a leader in the domestic market.
Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
Business
United Bank Of Africa, UBA, Delivers 23% Total Dividend for 2024, CEO Promises More to Come
United Bank of Africa, UBA, pays 171 Billion in total to its shareholders for the 79 percent increase for 2024.
This information was revealed during the 63rd Annual General held on the 25th of April, 2025. The UBA shareholders approved of the 3 naira dividend share, which will com bine with 2 naira interim dividend and will represent a 23 percent total dividend for 2024 in total.
It can be noted that UBA now has the highest Nigerian stocks and the CEO, Oliver Alawuba has assured the shareholders of the dividends that will be paid.”What we can assure our shareholders today is that UBA will continue to pay more dividends.”
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