July 26, 2024
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Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

By Emmanuel Kwada 16 0
By Emmanuel Kwada Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery Continue Reading
Business Banking Investigations Top Story Travel

Corporate Affairs Commission to Delist Chisco Transport Nig Ltd, 10,000 others

By Emmanuel Kwada 16 0
By Emmanuel Kwada The Corporate Affairs Commission (CAC) is set to delist over 10,000 companies, including Chisco Transport Nig Ltd, that have failed to file their annual returns for the past decade. The Commission announced in a statement on Wednesday that it had published the list of affected companies on its website, warning that it […]Continue Reading
News Banking Business

Nigeria fines Meta $220m over alleged discriminatory practices

By Emmanuel Kwada 30 Post a comment
By Emmanuel Kwada The Federal Competition and Consumer Protection Commission has imposed a $220m penalty on Meta Platforms Incorporated over alleged discriminatory practices against Nigerian data and consumers. According to a statement signed by the Acting Chief Executive Officer of FCCPC, Dr. Adamu Abdullahi, on Friday, the penalty follows a joint investigation by the Continue Reading
Banking Business Fact Check Features Investigations News Top Story

See how Samoa Agreement will boost trade between EU and Nigeria

By Theophilus Abbah 48 0
Key points: 78 countries, not only Nigeria, signed the EU-ACP Samoa Agreement EU financial support is worth 79.5 billion Euro Nigeria to export goods to EU now More EU investments expected in Nigeria EU to follow-up the agreement with training activities By Emmanuel Kwada The Samoa Agreement, signed between the European Union and 48 African, […]Continue Reading
Business

Lagos Govt Orders Additional 100 Trucks from Dangote’s Trucks Assembly Plant as Akpabio Commissions new CKD Plant

By Editor 59 0
…Gov, Senators hail Dangote on impactful facility By Emmanuel Kwada Leadership of the Senate at the weekend unveiled the multi-million dollar world-class Dangote Sinotruk West Africa Ltd CKD Plant established by the business mogul, Aliko Dangote with a call on other eminent Nigerians to emulate him in using their wealth to benefit the nation. This […]Continue Reading
Dangote
Business Opinions Top Story

Aliko Dangote’s Noble Quest for Africa’s Self-Sufficiency and Prosperity

By Theophilus Abbah 73 0
Key Points: Local manufacturing, key to Africa’s growth Africa now exports raw materials but import poverty Dangote invested $25bn in Africa in 7 years Plans to supply refined products to West, Central and South Africa By Abiodun Alade Africa is a resource-rich continent but relatively poor in terms of the manufacturing of goods. According to […]Continue Reading
Dangote
Business

Customers, distributors hail Dangote for his support, encouragement at Awards Night

By Editor 96 0
By Emmanuel Kwada Customers and distributors of Dangote Cement Plc have hailed the magnanimity of the Founder and Chairman of the company and Africa’s largest conglomerate, Aliko Dangote. The customers described Dangote’s humaneness and philanthropy as unrivalled among his peers in the business community in Nigeria and Africa. Speaking on the sidelines of the 2023 […]Continue Reading
Business Top Story

UBA partners Afreximbank, confirms NNPC received $2.25b

By Editor 108 0
By Emmanuel Kwada Afreximbank has announced an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. The announcement was published on its website on Saturday. The Cairo-based bank stated that the landmark financing is the  largest syndicated loan ever raised by Continue Reading
Fuel
Business Interviews Top Story

Dangote fuel may not be available in July, as Nigerians lament ‘unbearable suffering’

By Editor 138
Key Points: Nigerians trek to and from work for long distances Dangote refinery may not produce fuel by end of July NNPCL tongue-in-cheek about repairs of refineries NLC accuse Tinubu government of deliberately impoverishing the masses ‘N8,000 palliative for 12 million households, an insult’ By Daniel Adaji The recent increase of fuel price from N540 […]Continue Reading
Business

Multiple Taxation: FIRS Partners With Market Traders Association of Nigeria (MATAN) For VAT Remittance From Informal Sector

By Editor 131
The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s markets, especially in the informal sector. The Association which has a membership of well over 40 million traders across the country’s 774 local governments, and […]Continue Reading
Dangote refinery
Business

Buhari, five African Presidents to commission Dangote Petroleum Refinery

By Editor 225 0
In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. Promoted by Africa’s richest man, Aliko Continue Reading
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