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Refinery: FG should back Dangote the way other nations support their own industrialists – Femi…
Nigerian billionaire, Femi Otedola, has called for support for Aliko Dangote, the CEO of Dangote Refinery, amid the ongoing disputes with national oil regulators. In a series of X posts (formerly Twitter) on Tuesday,…
BREAKING: Reps call for suspension of NMDPRA CEO
The House of Representatives has called for the suspension of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) pending conclusive investigations into the allegations…
Crude Oil Supply Crisis: Why Federal Government must protect Dangote Refinery — NACCIMA
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has outlined key reasons for the federal government to safeguard local industries, such as the Dangote Refinery, amid…
BREAKING: CBN raises interest rate by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of the apex…
Monopoly allegations: Build refineries in Nigeria to compete with Dangote – Akinwunmi Adeshina slams…
President of the African Development Bank, Akinwumi Adesina, has challenged those accusing Aliko Dangote of trying to monopolize the oil…
Recapitalization: Banks to spend N186 billion on IT infrastructure from offer proceeds
Three major Nigerian banks GTCO, Access Holdings, and Fidelity Bank—are set to allocate a total of N186 billion ($244 million) from their recent public offerings to bolster their IT infrastructure. This move is…
Dormant Bank Accounts: Stakeholders Frown At FG’s Appetite For ‘Free Money’
Stakeholders have frowned at the appetite of the federal government to always look for ‘free money’ to take over,…
Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in the previous year.…
Chapel Hill Denham named Nigeria’s best investment bank
Chapel Hill Denham has been named the Best Investment Bank in Nigeria at the 2024 Euromoney Awards for Excellence held in London, United Kingdom on Saturday. In a statement, the firm said this was its…
Fuel crisis: Marketers project N700bn monthly subsidy
•NNPC mum as dealers insist government still paying subsidy, Reps probe crude shortage •Dangote eyes foreign markets for refinery products, FG meets Kyari, Dangote over dispute With a landing cost of N1,117…
Agbakoba warns NNPC against taking over Dangote refinery
A Senior Advocate of Nigeria, Olisa Agbakoba, has warned the Nigerian National Petroleum Company Limited not to take over the Dangote Refinery. Agbakoba was reacting to a comment by the businessman that the…
Reps Invite Dangote, NMDPRA Over ‘Substandard Petroleum Products’
The House of Representatives joint Committee on Midstream and Downstream investigating alleged domestic production of substandard petroleum products, non-availability of crude oil to domestic refineries and other related…
Some Nigerians Have More Cash Than I Do – Dangote
Africa’s wealthiest man, Aliko Dangote, says there are some Nigerians with more financial strength compared to him. Addressing House of Representatives members who toured his refinery in Lagos on Saturday, the…
Fidelity Bank’s Consistent Strong Growth Excites Investors
Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one…
Nigeria’s biggest single local investment faces age-old threats
… Dangote insists its diesel is best in Nigeria … Looks to Libya, Angola, others for crude oil Nigeria’s oil and gas sector, the lifeblood of Africa’s biggest economy, where investments have been…
Dangote refinery to import crude oil from Libya
The Dangote Refinery in Lagos is in discussions with Libya to import crude oil for its 650,000 barrels per day plant as it increases production. The Vice…
Windfall tax: FG collecting taxes on already reported profit could deter future investment – PwC
Tax and Advisory Service firm, PricewaterhouseCoopers (PwC) has stated that the federal government’s latest legislation to tax already reported profits of banks in 2023 could deter future investments into the…
Dangote Refinery: Buy Me Out – Aliko Tells NNPCL
Apparently speaking out of frustration, Alhaji Aliko Dangote on Sunday indicated his willingness to give up ownership of the multibillion-dollar Dangote refinery to the Nigerian National Petroleum Company…
My Friend Who Warned Against Investing In Nigeria Now Laughing At Me – Dangote
Africa’s wealthiest man, Aliko Dangote, says one of his friends who started investing abroad four years ago, has been taunting him over the back and forth with the government in recent times. Dangote has been having…
Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive…
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings,…
Aliko Dangote offers to sell 650,000 bpd oil refinery to NNPC
Africa’s wealthiest man Aliko Dangote said he is willing to give up ownership of his multibillion-dollar oil refinery to the state-owned energy company NNPC Limited. The billionaire spoke as a new dispute with one…
Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax
In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175% increase compared to the N209.608 billion incurred in 2022. Out of this total, N440.305 billion was…
Why we sold off our flour mill in Nigeria – Aliko Dangote
Africa’s richest man and CEO of Dangote Group, Aliko Dangote, has explained why his company decided to sell off its flour mill in Nigeria in 2019. Dangote made this disclosure to newsmen on Saturday in Lagos. …
Dangote challenges NMDPRA, tests diesel in the presence of House Reps leadership
says “Our diesel is the best in Nigeria, meets international standard “ ... lab test reveals 88ppm sulphur…