Category: Business

No Country Can Survive With Republic Of Benin As Neighbour – Dangote

Lagos – Africa’s richest man, Aliko Dangote, has berated the volume of smuggled goods coming into Nigeria through the Republic of Benin. Dangote spoke at a stakeholders’ session in Lagos between the private sector and the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. He said smuggling activities from the Benin Republic route is killing […]

Richest Men In Africa 2019 – According To Forbes

Of the 2,153 people who made it to the 2019 FORBES list of the World’s Billionaires, 13 of them are black, up from 11 a year ago. Cement tycoon Aliko Dangote is still the richest black person in the world with a fortune estimated at $10.9 billion. He’s closely followed by Nigerian oil and telecoms […]

NNPC Removes NPDC Boss, 49 Others In Major Shake-Up

There has been a massive reorganisation of the top management staff of the Nigerian National Petroleum Corporation, as about 50 senior personnel of the oil firm and its subsidiaries have either been removed or replaced. It was learnt that the Managing Director of the Nigerian Petroleum Development Company, Yusuf Matashi, was removed and replaced by […]

“How To Be Successful In Life”

HOW TO BE SUCCESSFUL IN LIFE This is not like every other success write up you use to know; its high time we spit the truth… What do you understand success to be? Success for me could be havin a billion dollars in my account, success for you could be your achievements in changing lives […]

Nigerian Economy Will Soon Go Back To Recession – Yari

Abdulaziz Yari, Zamfara State governor, who also doubles as the chairman of the Nigerian Governors’ Forum, has warned that Nigeria may head for another economic recession due to the decline in oil price. Yari projected that the vital oil industry maybe hit by another weaker global prices, which has fallen from highs of about $112 […]

Ibe Kachikwu, Wale Tinubu Meet With Saudi Arabia Minister Of Energy (Photos)

The Minister Of State For Petroleum, Ibe Kachikwu meets with the Saudi Arabia Minister of Energy , Khalif AlFalih and others over efforts to come up with a memorandum of understanding on Nigeria’s Oil sector development. At the meeting includes Wale Tinubu CEO of Oando, Minster of Finance, Mohammed Al-Jadaan, Nigeria Ambassador to Saudi Arabia, […]

Daily Petrol Shortfall To Hit 20m Litres Despite Dangote Refinery — NNPC

Despite the current 445,000 barrels per day (bpd) capacity of the country’s refineries and Dangote’s 650,000 bpd refinery expected by 2020, Nigeria will still have a shortfall of 427,000 bpd, equivalent of 20 million litres of Premium Motor Spirit (PMS), per day. Dr. Maikanti Baru, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), who […]

Dangote Is Selling Dangote Flour Mills For N130 Billion

Aliko Dangote is reportedly selling his loss-making business unit, Dangote Flour Mills to Olam International for N130 billion ($361.11 million). The sale of Dangote Flour Mills Plc for N130 billion ($361.11 million), was announced in a corporate disclosure posted on the Nigerian Stock Exchange (NSE) on Tuesday. According to Thabo Mabe, director at Dangote Flours, […]

Our Refinery Will Transform Nigeria’s Economy – Dangote

Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy. He stated this at the weekend at Dangote Group Special Day at the 40th Kaduna International Trade Fair. Represented by the Group Executive Director (GED), Strategy and Government Relations, […]

Top 10 Philanthropists In Nigeria By Top10 Magazine

The Top10 magazine, Nigeria’s foremost monthly publication has released the list of Nigeria’s top 10 philanthropists. The lists sighted by Igbere TV on Friday, featured under the title: “Top 10 Philanthropists behind Nigeria’s Largest Private Foundations”. See full list as obtained by Igbere TV. Top on the list are:- 1. Aliko Dangote (founder of Aliko […]

Nigeria’s Inflation Decreases To 11.31% In February – NBS

The Consumer Price Index (CPI), which measures inflation, further decreased to 11.31 per cent (year-on-year) in February compared to 11.37 per cent in January, according to the National Bureau of Statistics (NBS). Increases were recorded in all COICOP divisions that yielded the Headline index. On a month-on-month basis, the Headline index increased by 0.73 percent […]

Meet The World Billionaires Of 2019 – Forbes (Photos)

Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. By our latest count there are 2,153 billionaires, 55 fewer than a […]

Nigeria Beats Egypt, Now Largest Rice Producers In Africa

Nigeria surpasses Egypt as the largest rice producer in Africa. Director General, Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley made this known. Roy-Macauley reveals that, Nigeria becomes the largest rice producer at 4 million tonnes a year. Recall, Egypt was producing 4.3 tonnes annually but production has reduced by almost 40 percent this year […]

Renonwed CEO Of ID Africa Steps Down Due To Depression

Ayeni Adekunle, the CEO of ID Africa has announced his exit from the company. The renowned media entrepreneur took to his IG page t o announce his exit from one of his companies, ID Africa, while also sharing his battled with depression. Read his statement below; Year 2018: 166% group revenue growth. Over 300% increase […]