Dangote Loses $651 Million Amid Sell-Offs in Dangote Cement and Rapid Naira Decline
Aliko Dangote, Africa’s wealthiest individual, experienced a significant decline in his wealth due to the naira devaluation and recent sell-offs…
Data Shows Nigeria’s Fuel Imports From Malta Jumped 43 Times In 10 Years Amid NNPC Economic Sabotage Allegations By Dangote
Following Aliko Dangote’s allegations of illicit activities in the petroleum sector involving blending plants in Malta, data indicates a dramatic…
Emir Sanusi: ‘People in NNPC Don’t Want Subsidy Scam to End’
The 16th Emir of Kano, Muhammadu Sanusi II, defended Alhaji Aliko Dangote against criticism for purchasing dollars at lower rates…
Dangote Challenges NMDPRA To Transparent Probe, Insists Products Complaint with ECOWAS Standards
Aliko Dangote, Africa’s richest man, has refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that his…
NMDPRA: Dangote Refinery Products Inferior to Imports; Nigeria Can’t Depend Solely on Them to Prevent Monopoly
Farouk Ahmed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has warned against relying heavily on…
Cardoso: CBN to Maintain High Interest Rates if Inflation Persists
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has cautioned that persistent inflation could necessitate ongoing monetary…
Dangote Refinery to Start Selling Petrol to Local Marketers by August — Report
Dangote Refinery is increasing its production of Premium Motor Spirit (PMS), commonly known as petrol, with plans to supply the…
Emzor to Begin Production of Pharmaceutical Ingredients in Nigeria to Reduce Drug Costs – Official
Emzor Pharmaceutical Industries Limited, a leading indigenous pan-African manufacturer and distributor of medicines and surgical equipment, has announced plans to…
ECOWAS Single Currency’ll Boost W’African Economy – Edun
The Minister of Finance, Edun, stated that the single-currency ECO would promote economic growth and development in the West African…
CBN Warns of Penalties for Banks Refusing Mutilated Naira Notes
In a statement on Thursday, Solaja Olayemi, the acting director of currency operations at the Central Bank of Nigeria (CBN),…