Dangote loses Africa’s richest man position
Africa’s richest man title has been claimed by South African businessman Johann Rupert($12 billion) surpassing the long-standing champion Aliko Dangote($10.8 billion).
Rupert’s ascent...
Top 10 African countries with the largest gold reserves
Algeria is the African country with the largest gold holding, at 174 metric tons.
The North African country was followed by South Africa,...
CBN denies authorizing Commercial Banks to collect Old ₦500, ₦1000 Notes
The Central Bank of Nigeria (CBN) has, in a memo, denied reports suggesting it ordered Deposit Money Banks to receive the old N500 and...
Fuel subsidy: Nationwide shutdown looms as inflation bites harder
Since President Bola Tinubu announced the abolition of the fuel subsidy regime on Monday, May 29, 2023, the country has been in a state...
BUA Cement records 27.4% revenue growth of N460bn despite N70bn FX loss
BUA Cement released its audited financial statements for the full year 2023, revealing robust revenue growth of over 27 percent, totaling N460 billion. This...
10 Must Use Tools For Your New Ecommerce Startup In 2020
Ecommerce startups at the early stages prove to be very difficult to manage by small business owners as most of the startups are characterized...
Drama As Arik Air Founder Is Barred From Airline’s Premises
There was a mild drama at Murtala Muhammed International Airport, Lagos, the headquarters of Arik Air, as the Chairman/Founder of the airline, Chief Johnson...
CBN: Moghalu warns that redesigning the naira could make the current exchange problem worse
Kingsley Moghalu, a former African Democratic Congress presidential candidate, has claimed that the redesign of naira notes may not be effective in reducing inflation...
Naira appreciation: Nigeria gets fresh $600m into FX reserves
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves.
The development will see the Naira appreciate...
TotalEnergies sells its Nigeria onshore oil assets to Chappal Energies for $860 million
French oil major, TotalEnergies, is planning to sell its onshore oil asset in Nigeria to an indigenous oil company, Chappal Energies, for the sum...
