A 700,000-bpd East African oil refinery proposed by Africa’s richest man, Aliko Dangote, will be built in Kenya, a senior company official said Tuesday, putting a lid on speculation over…
Read More Dangote picks Kenya for East African mega refinery
Category: Business
Tony Elumelu retires as UBA Group Chairman, Emmanuel Nnorom replaces him
United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony O. Elumelu, CFR, will retire from the Board effective August 21, 2026, following the completion of the maximum…
Read More Tony Elumelu retires as UBA Group Chairman, Emmanuel Nnorom replaces him
The Debate that Nigeria is Having – What the Ministry Clarified and What the IMF Said
By Olufemi Awoyemi Nigeria is having the wrong argument about the right problem. The Ministry affirms that federal spending is authorised under Sections 80 to 83 and 162 of the…
Read More The Debate that Nigeria is Having – What the Ministry Clarified and What the IMF Said FG denies ₦8tn unbudget spending claims flagged by IMF
The Federal Government on Sunday dismissed claims that more than ₦8 trillion, representing about two percent of Nigeria’s GDP, was spent outside the approved budget, describing the allegations as inaccurate…
Read More FG denies ₦8tn unbudget spending claims flagged by IMF
MTN Nigeria appeals against FG’s proposed nationalisation, says company belongs to Nigerians
Karl Toriola, MTN Nigeria’s chief executive officer, has appealed against calls for and the proposed moves to nationalise the company, as part of the President Bola Tinubu administration’s retaliatory action…
Read More MTN Nigeria appeals against FG’s proposed nationalisation, says company belongs to Nigerians