MaTaZ ArIsInGDallas, Texas Akinwumi Adesina, president of the African Development Bank (AfDB), says the continent must end the export of its raw materials. Adesina spoke in a post on his official X page on Thursday. “Africa must end the exports of its raw materials. The export of raw materials is the door to poverty. The […] Read more
MaTaZ ArIsInGDallas, Texas The federal government has called on major oil companies operating in the country to reciprocate its efforts in enhancing the investment climate by committing tangible investments to the sector. This appeal comes after significant reforms aimed at improving regulatory stability and fiscal competitiveness in the oil and gas industry. Minister of State […] Read more
MaTaZ ArIsInGDallas, Texas Dangote, who owns the Dangote Refinery, tops the list with a net worth of $23.9 billion, up from $13.9 billion in 2024. Aliko Dangote, Femi Otedola, Mike Adenuga, and Abdulsamad Rabiu have been named in the 2025 Forbes’ Africa billionaires list. Forbes Magazine released the list on Saturday. The quartet are the […] Read more
MaTaZ ArIsInGDallas, Texas The Nigerian government has announced the commencement of a two-year exemption from import duty and Value Added Tax (VAT) on critical raw materials used in pharmaceutical production. The Nigeria Customs Service (NCS) disclosed this on Tuesday, stating that the exemption applies to essential inputs such as Active Pharmaceutical Ingredients (APIs), excipients, and […] Read more
MaTaZ ArIsInGDallas, Texas Musk stated on X that the attack involved such vast resources that he believed it could only be the work of a “coordinated group” or a foreign country, Daily Mail reports. Elon Musk, the founder of X (formerly Twitter), has claimed that the platform was the target of a “massive cyberattack” on […] Read more
MaTaZ ArIsInGDallas, Texas Africa’s richest man stated this recently while hosting the Zambian Minister of Energy, Makozo Chikote, at the Dangote refinery in Lekki, Lagos State. The President of the Dangote Group, Alhaji Aliko Dangote has identified what is hindering Nigeria from industrialisation. He stated that unstable electricity is the main problem affecting the country’s […] Read more
MaTaZ ArIsInGDallas, Texas The Nigerian Customs Service (NCS) has suspended the implementation of its contentious four per cent Free-on-Board (FOB). The decision comes after multiple pushbacks from stakeholders in Nigeria’s trade sector who criticised the policy as an additional burden on businesses already grappling with high operational costs amid worsening inflation. In a statement on […] Read more
MaTaZ ArIsInGDallas, Texas •Move against N360 billion private placement of bank shares Kayode Tokede A group of shareholders at the First Bank of Nigeria Holdings Plc., with 10 per cent of the company’s shares, yesterday, formerly requested the company to call an Extra-ordinary General Meeting (EGM) under section 215 (1) of CAMA in which case […] Read more
MaTaZ ArIsInGDallas, Texas The United Arab Emirates (UAE) flag carrier Emirates flight landed at the Murtala Muhammad International Airport (MMIA), Lagos on Tuesday. This is coming two years after the suspension of operation by the airline over several issues including unresolved trapped funds belonging to the airline. However the flight EK 783 which touched down […] Read more
MaTaZ ArIsInGDallas, Texas Online taxi firm Bolt has restricted “inter-country” requests between Nigeria and South Africa after the two countries’ social media rivalry reached an all-time high – or low – with people booking and then cancelling rides in the other nation as a prank. The drivers were pawns in this malicious game as they […] Read more
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