Bola Ahmed Tinubu, the president of Nigeria, has given assurances that the nation can attain energy security and sustain interest in Aliko Dangote’s refinery, which generates 650,000 barrels daily. According to him, the Naira-for-crude agreement shouldn’t go back to how things were in Nigeria during the Premium Motor Spirit (Petrol) subsidy period. He underlined that…
Aliko Dangote has been eclipsed by South Africa’s Johann Rupert to become the continent’s richest person. With his wealth having increased to $13.65 billion, Rupert is now the 154th richest person in the world, according to Bloomberg. As of Friday, August 2, 2024, Dangote’s net worth was $13.6 billion, which was around $50 million less…
In order to await the resolution of ongoing enquiries into accusations made against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the House of Representatives has demanded that the Chief Executive of the organisation be placed on leave. The demand came after Hon. Esosa Iyawe adopted a resolution of urgent public concern to address…
Aliko Dangote, Chairman of the Dangote Group, has stated that his $20 billion, 650,000 barrels per day Lagos-based refinery will drive down fuel prices, just as it has decreased diesel prices in Nigeria. Dangote announced this at the recent Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, Bahamas. When asked if his…
On Sunday, President Bola Tinubu met with a few representatives of the organized private sector in a “crucial” meeting. The Presidential Villa in Abuja is the location of the summit. Wale Tinubu, Abdulsamad Rabiu, Chairman of BUA Group, Tony Elumelu, Chairman of Heirs Holding and Transcorp Plc, Aliko Dangote, President of Dangote Groups, and other…