Zenith Bank Plc, Nigeria’s foremost financial institution, recently hosted its Capital Markets Day to underscore its commitment to sustainability amidst its recapitalization drive. The event convened key stakeholders and highlighted the bank’s growth trajectory, strategic goals, market performance, and longstanding…
Nigeria’s food importation policy could destroy country’s agriculture, warns Akinwumi Adesina
Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive…
From 20 to 7.5: Dangote, NNPC in Stalemate Over Refinery Equity Share – IPO on the Horizon
In a surprising twist to the Dangote Refinery saga, disclosures have been made that the supposed 20percent equity investment by NNPCL in the Refinery is actually 7.5percent. This disclosure was made by Aliko Dangote himself at a media briefing earlier…
Akpabio Lauds NDDC for New Development Strides in Niger Delta
President of the Senate, Godswill Akpabio, on Friday, attended the Niger Delta Stakeholders Summit in Port Harcourt, the Rivers State Capital and called on the stakeholders in the region to support the Niger Delta Development Commission, NDDC, to achieve more…
LASG, US Consulate, Unilag highlight commitment to clean air at Closing Reception
……..As U.S discloses $7 billion spend combating HIV-AIDS / Healthcare in Africa over last 25 years The Lagos State Government, the United States Consulate, and the University of Lagos reaffirmed their commitment to clean air at a closing reception…
PHOTO NEWS: Shell Top Management Staff on facility visit to Dangote Refinery
Photo: L-R: Head of Business Development, Shell Trading and Shipping Company (STASCO), Filippo Bof; Managing Director, The Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; President, Dangote Industries Limited, Aliko Dangote; Managing…
Dangote’s WTI Import Strategy: Nigeria’s High Cost of Crude Oil Grades, Profit Margin, and Freight Drove Dangote to Import Crude Oil from US
The high cost of Nigeria’s 35 crude oil grades including Bonga, Agbemi and others has been attributed as the reason why Dangote Refinery resorts to buying crude oil from the United States. Other factors attributable to Dangote Refinery going to…
NNPC refutes Alleged $2 Billion Oil-for-Cash Loan
The Nigerian National Petroleum Company (NNPC) Limited (NNPC) has stated that it is not currently seeking a fresh $2 billion oil-for-cash loan deal, contrary to some reports. The report had claimed that the NNPC was eyeing a new $2 billion…
Clean Air: Stakeholders Unite to Forge Partnerships for Better Health and Environment
In a bid to tackle the devastating effects of air pollution in Africa, stakeholders are seeking improved partnerships to promote clean air, better health, and a sustainable environment. This was disclosed at the pre-event session of the 5 day Clean…
S&P Global: Dangote Refinery can Resolve Nigeria’s Forex Issues; Boost Economy
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also…
