Aliko Dangote, Africa’s richest man and owner of the Dangote Refinery, has revealed some of the major obstacles in Nigeria’s oil industry, pointing to the powerful control exerted by cartels. In a recent interview with Bloomberg, Dangote likened the oil mafia’s influence to being even greater than that of drug cartels. “I never knew that […]
Author archives: Gloria
Dangote Urges Nigerian Government to Remove Fuel Subsidy for Economic Growth
Aliko Dangote, President and CEO of the Dangote Group, has called for the removal of fuel subsidies in Nigeria. Speaking during a 26-minute interview with Bloomberg Television in New York, Dangote emphasized that eliminating the subsidy would help determine the country’s actual petrol consumption and reduce financial waste. Dangote, who owns two oil blocks expected […]
FG Approves National Citizens Value Brigade for Schools to Promote Moral Values
The Federal Government has approved the establishment of the National Citizens Value Brigade in primary and secondary schools nationwide, aimed at addressing the decline of moral values among the youth. Announced by the Minister of Information and National Orientation, Mohammed Idris, after the Federal Executive Council (FEC) meeting, the initiative will foster a culture of […]
RSIEC Clears Candidates Ahead of Party’s Senatorial Campaigns Set to Begin on September 24
Candidates for the upcoming senatorial elections have successfully passed the screening process conducted by the Rivers State Independent Electoral Commission (RSIEC). Following this development, the party has announced plans to officially launch its senatorial campaigns and rallies starting tomorrow, Tuesday, September 24.
Dangote Reflects on Missed Chance to Buy Arsenal Due to Refinery Commitment
Aliko Dangote, the President and CEO of Dangote Group, has expressed his regret over not purchasing Arsenal Football Club when it was valued at around $2 billion. In an interview with Bloomberg’s Francine Lacqua, Dangote explained that his financial focus on completing the Dangote refinery project prevented him from acquiring the North London football team. […]
Black Market Dollar to Naira Exchange Rate for 24th September 2024 and Insights on Nigeria’s Foreign Reserves Boost
Dollar to Naira Exchange Rate Today As of 24th September 2024, here are the black market (parallel market) rates for Dollar to Naira transactions. At Lagos’ Parallel Market, a dollar is bought at N1660 and sold at N1665, according to Bureau De Change (BDC) sources. Note: The Central Bank of Nigeria (CBN) does not officially […]
Ganduje Dismisses Lawsuit Challenging His APC Chairmanship as Baseless After Court Ruling
The National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has responded to a lawsuit aimed at removing him from office, calling it baseless. On Monday, the Federal High Court in Abuja, presided over by Justice Inyang Ekwo, dismissed the case filed by the North Central APC Forum led by Saleh Zazzaga. The lawsuit […]
Turkey Warns of Regional Chaos Amid Israel’s Attacks on Lebanon
Turkey has expressed grave concerns over Israel’s recent airstrikes in Lebanon, which resulted in the deaths of 356 people, including 24 children. The attacks mark a significant escalation in violence following the outbreak of war in Gaza on October 7. The Turkish Foreign Ministry condemned the strikes, stating that they threaten to drag the entire […]
Tinubu Launches Disaster Relief Fund in Response to Maiduguri Floods
Following severe flooding in Maiduguri, President Bola Tinubu has initiated a Disaster Relief Fund to address climate change-related disasters across Nigeria. The announcement came after the Federal Executive Council (FEC) meeting, where Minister of Finance, Wale Edun, highlighted the importance of mobilizing resources to handle emergencies. The recent flooding in Maiduguri claimed lives and destroyed […]
Yahaya Bello’s Wednesday Court Appearance Seen as Last Opportunity Amid ₦80.2 Billion Allegations
Former Kogi State Governor, Yahaya Bello, is set to appear in Federal High Court on Wednesday, September 25, 2024, to respond to charges of money laundering involving ₦80.2 billion. This court appearance, after numerous missed sessions, is viewed as his “last opportunity” to enter a plea on the 19-count charges levied by the Economic and […]