Petrol prices in Lagos, Nigeria’s commercial hub, have surged by ₦70 per liter, rising from ₦860 to ₦930, adding to the financial burden of consumers. The fuel price hike has also taken hold in other regions, including Abuja and major northern cities, where petrol is now being sold at...
Dangote
No fewer than 40,000 bags of rice are to be distributed to residents of Borno through the food intervention programme of Aliko Dangote Foundation (ADF). Borno State Governor, Babagana Zulum made this known in Maiduguri at the flag-off of the distribution exercise of the 10kg bags of rice. The...
The Aliko Dangote Foundation (ADF) has inaugurated the 2025 Annual National Food Intervention Project valued N16bn to benefit one million Nigerians nationwide. The Chairman of the Aliko Dangote Foundation, Mr Aliko Dangote, made the disclosure during the inaugural ceremony on Thursday in Kano. Represented by his daughter, Marya Aliko-Dangote,...
Bearish sentiments persisted on the stock market on Tuesday, making investors incurred a loss of N1.1 trillion. Selloffs in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company Plc (GTCO), Dangote Sugar and United Capital, among others declined equities further drove the market to a negative terrain. Specifically, the market...
Corporate blackmail is fast becoming the fancy of some netizens, corporate bodies, individuals, especially fly-by-night persons who target the rich and their businesses for diverse reasons. It’s not restricted to Nigeria, though. The likes of Aliko Dangote, Mike Adenuga, Leo Stan Ekeh, Segun Agbaje, Tony Elumelu, and corporates like...
The Nigerian stock market, on Monday, opened the week positive with a gain of N987 billion or 0.99 per cent. Investors’ interest in MTN Nigeria, BUA Foods, FBN Holdings, among other advanced equities, were the primary drivers of the overall market’s upward performance. Notably, the market capitalisation added N987...
The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalised. The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said an official announcements will be made if and when price reviews on the products occur....
By BARBARA KALU, Port-Harcourt – The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC), signaling the commencement of crude oil processing from the plant and delivery of petroleum products into the market. On Tuesday, trucks began loading petroleum products...
By EZEKIEL OBI, Abuja – The Nigerian Coalition of Civil Society Organizations (NICOCSO) has condemned the Nigerian National Petroleum Company Limited’s (NNPCL) decision to import over 1.6 billion liters of Premium Motor Spirit (PMS), stating that it undermines Nigeria’s local refining potential and worsens the economy. At a press...
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd. (NNPC Ltd.), has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. Under the agreement, the NNPC Gas Marketing Limited will supply 100 Cubic Feet Per Day (MMSCF/D)...
The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has blamed the continuous depreciation of the Naira to low local production capacity of the country. The chamber made the disclosure in a statement issued by its President, Mr Odeiga Jideonwo and made available to newsmen in Enugu on...
There is a common saying that a lie may travel swiftly but the truth will ultimately catch up with it. The average Nigerian is beginning to discern through Dangote’s web of deceit and tissue of lies, which includes his spurious claims and baseless accusations against industry regulators and other...
The Confederation of All Progressives Congress (APC) Support Groups has attributed the Nigerian National Petroleum Company Limited (NNPCL’s) achievements to the capacity of its Group Chief Executive Officer (GCEO), Malam Mele Kyari, to transform the company. Its Director-General, Prof. Kailani Muhammed, who said this on Wednesday at a news...
The equity market on Thursday took a further dip, losing N671 billion due to sell-offs in Dangote Cement and Tier-one banking stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N671 billion, or per cent, closing at N55.777 trillion, down from N56.448 trillion. Similarly, the All-Share Index declined...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor Babagana Zulum, alongside Africa’s richest man, Aliko Dangote, and former President Goodluck Jonathan, among other distinguished Nigerians, were nominated for Nigeria’s Pride Award. Governor Zulum will be honoured as the “Most People-Oriented Governor ” at an event organised by African Leadership...
A former Presidential spokesperson, Dr Doyin Okupe, on Tuesday said he was not in agreement with Alhaji Aliko Dangote’s call for complete removal of subsidy. Okupe expressed the position in an interview with the News Agency of Nigeria(NAN) in Lagos. NAN reports that Dangote, owner of the 650,000 barrels...
By SADIQ ABUBAKAR, Maiduguri – The Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has announced the donation of N2 billion to assist those affected by the recent devastating flood in Maiduguri, Borno State capital. Dangote explained that while the Presidential Committee on Flood and Disaster, which he...
Lagos, Nigeria, September 12, 2024: Partners for the eighth annual conference of the Guild of Corporate Online Publishers (GOCOP) have begun to emerge with the Nigerian Content Development and Monitoring Board (NCDMB), Emadeb Group and Dangote Group leading the train of partners for the event slated for Thursday, October...
As part of the drive to eradicate malaria in Nigeria, the Federal Government has enlisted the support of prominent business leaders. The government said Aliko Dangote, Chairman of Dangote Group, Tony Elumelu, Chairman of Heirs Holdings, and Femi Otedola, Chairman of Geregu Power Plc, will lead the charge against...
Opening the week on Monday, investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted. Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding Company (GTCO), FBN Holdings, among other declined equities pulled the market’s performance down....