Africa’s richest man, Aliko Dangote is seeking to raise billions of dollars to step up crude oil supplies for his $20 billion oil refinery in Lagos, the Financial Times (FT) has…
Read More Dangote seeks billions of dollars to boost crude supply to refinery – Report
Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years. But many Nigerians…
Read More Who wins when Nigeria’s richest man takes on the ‘oil mafia’?
Nigeria’s headline inflation rate increased by 33.88 per cent in October 2024, the National Bureau of Statistics [NBS] said on Friday. The NBS disclosed this in its Consumer Price Index (CPI)…
Read More Nigeria’s inflation rate worsened in October, rising to 33.88%, says NBS
– Shareholders to receive one new share for five existing shares – Further strengthens regulatory capital and positions Group for growth in lending, digital banking and unique diversified global banking…
Read More UBA to Raise N239.4 Billion through Rights Issue
The Nigerian National Petroleum Company (NNPC) Limited says Nigeria’s oil production has reached 1.8 million barrels per day (bpd). According to NAN, Lawal Musa, NNPC chief production war room officer,…
Read More Nigeria’s crude oil production now 1.8m bpd, says NNPC