Business
Dangote Ranks 65th On Bloomberg’s Global Billionaire Index
Nigerian businessman and Africa’s richest man, Aliko Dangote, has been ranked 65th on Bloomberg’s latest list of the world’s wealthiest individuals, with an estimated fortune of…
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Xiaomi Unveils Redmi Note 17 Series in Nigeria With 10,000mAh Battery
Xiaomi has introduced its latest Redmi Note 17 Series in Nigeria, unveiling four smartphones designed to offer longer battery life, improved durability and extended device performance.…
Business
Dangote Targets 2030 Completion For $16bn Kenya Refinery
Nigerian industrialist Aliko Dangote has reaffirmed plans to complete his proposed oil refinery in Kenya by 2030, despite protests by some residents and concerns raised over…
Business
Indian Firm Secures $450m Deal For Dangote’s Kenya Refinery Project
Dangote Group has moved ahead with plans for its proposed refinery and petrochemical complex in Kenya after awarding a $450 million contract to Engineers India Limited.…
Business
Petrol Price Hits ₦1,400 as Rising Crude Costs Squeeze Nigerians and Businesses.
Petrol prices have risen across Nigeria following a sharp increase in international crude oil prices, adding fresh pressure on households, commuters and businesses already facing elevated…
Business
Dangote Refinery IPO Opens, Targets ₦2.15 Trillion in Africa’s Biggest Share Sale.
Dangote Petroleum Refinery and Petrochemicals has opened its initial public offering (IPO) on the Nigerian Exchange (NGX), giving investors the chance to buy shares in one…
Business
Uber Exits Nigeria and Uganda After Years of Operations
Uber Technologies has officially ended its ride-hailing operations in Nigeria and Uganda, citing a strategic review of its global business. The U.S.-based ride-hailing company announced on…
Business
91% Of Personal Pension Plan Accounts Unfunded In Nigeria
Efforts to expand pension coverage among Nigeria’s informal sector workers are facing a major challenge, with about 91 per cent of registered Personal Pension Plan accounts…
Business
Dangote Refinery Cuts Petrol Price to ₦1,165/L, Diesel to ₦1,570/L
Dangote Petroleum Refinery has reduced its ex-depot prices for petrol and diesel, lowering the gantry price of petrol (PMS) from ₦1,215 to ₦1,165 per litre and…
Business
NNPC to Refinance $3.3bn Loan Under New $4.5bn Deal
The National Economic Council (NEC) has approved a new $4.5 billion oil-backed financing facility for the Nigerian National Petroleum Company (NNPC) Limited to refinance its existing…