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Central Bank of Nigeria settle $2 billion backlog in forex – Report

Nigeria's central bank has reportedly paid approximately $2 billion to settle matured foreign exchange contracts with lenders, as reported by Thisday newspaper. The payments,...

Aliko Dangote fingered in Nigeria’s probe of the dismissed ex-Central Bank governor

Officials from the Nigerian anti-graft agency, the Economic and Financial Crimes Commission (EFCC), conducted a visit to the offices of Dangote Industries Ltd, owned...

 Nigeria govt’s free-float policy cost second-wealthiest millionaire a whopping US$1.8 billion in 2023

In 2023, Abdul Samad Rabiu, the Nigerian billionaire business magnate and second-wealthiest individual, faced a substantial setback as his net worth plunged by US$1.8...

Nigeria makes significant progress in generating refined oil

One million barrels of crude oil were delivered to a big new refinery in Nigeria. This is a big step towards the country being...

Dangote cement’s operations in Nigeria generate N933b in revenue within 9 months

Dangote Cement has posted impressive earnings of nearly N1tn from its Nigerian operations in the first nine months of this year. The unaudited interim...

Aliko Dangote loses his place in the top 100 billionaires list after $17 billion wealth slip

Aliko Dangote, Africa's wealthiest individual, has experienced a significant decline in his net worth, resulting in his removal from the prestigious list of the...

Aliko Dangote losses $36m due to naira devaluation

Prominent integrated sugar business, Dangote Sugar Refinery Plc, owned by Africa's renowned entrepreneur Aliko Dangote, encountered substantial foreign exchange losses exceeding $100 million in...

Here are Aliko Dangote’s 15 thriving businesses

World's wealthiest Black billionaire and the visionary behind the Dangote Group, Aliko Dangote, has played a pivotal role in shaping Africa's business landscape and...

Aliko Dangote’s net worth drops below $10b – Forbes

Forbes reports that Nigerian tycoon Aliko Dangote's net worth has fallen below the $10 billion threshold for the first time since the COVID-19 epidemic...

Africa’s biggest oil refinery commissioned by Buhari

The largest single-train oil refinery of its kind in the world, built by Africa's richest man, billionaire tycoon Aliko Dangote, is being commissioned by...

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