Tag: Business News
Business Africa
Aliko Dangote Retires as Chairman of Dangote Sugar Refinery After Two Decades
In a major leadership transition at one of Nigeria’s foremost manufacturing firms, Africa’s richest man, Aliko Dangote, has announced his retirement as Chairman of...
Business Africa
DisCos Fail to Recover ₦202 Billion in Power Bills Within Three Months
Nigeria’s electricity distribution companies (DisCos) are grappling with deepening revenue collection challenges, having failed to recover over ₦202 billion in electricity bills within the...
Business Africa
Firms Increase Investment as Naira Shows Signs of Stability
A wave of cautious optimism is sweeping through Nigeria’s business landscape as the naira maintains a relatively stable exchange rate, prompting companies to ramp...
Business Africa
Nigeria’s Export Value Hits ₦20.6 Trillion in Q1 2025, Trade Surplus Widens
Nigeria recorded total exports valued at ₦20.598 trillion in the first quarter of 2025, according to data released by the National Bureau of Statistics...
Business Africa
FG’s $5 Billion Oil-Backed Loan from Aramco Stalled by Falling Oil Prices and Production Woes
The Federal Government’s proposed $5 billion oil-backed loan from Saudi oil giant Aramco has been significantly delayed, as declining oil prices and underwhelming domestic...
Business Africa
Lease Controversy Rocks Rivers Port Terminal Concession
A growing controversy has engulfed the concession of Terminal B at the Rivers Port in Port Harcourt, as federal lawmakers and regulators intensify investigations...
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Africa
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Africa’s Literacy Champions: The Top 5 Nations Leading the Continent’s Educational Ascent
In the narrative of Africa’s development, literacy remains a...