Despite the economic challenges facing Nigeria, Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. Dangote’s fortune rose to $13.4 billion, Adenuga’s fortunes stood at $6.7 billion, while Rabiu and Otedola achieved a fortune of $5.2 billion and $1.4 billion in 2024, respectively. Aliko Dangote is the richest …

The $20 billion worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil (popularly called diesel) to oil marketers nationwide. Dealers and officials of the plant confirmed this on Tuesday, as it was gathered that the refinery commenced diesel sales last week. “They started pumping out diesel to marketers since last week. They also promised to sell aviation …

President Bola Tinubu has created an economic advisory committee comprising the federal government, sub-nationals and the private sector. This resulted from talks between the President and key stakeholders at the State House, Abuja, on Sunday evening. The development came as the falling naira exchange rate, rising inflation and other economic headwinds have continued to worsen the cost of living crisis. …

President Bola Tinubu had a “crucial” meeting with some members of the organised private sector on Sunday, at the Presidential Villa in Abuja. Those at the meeting included President of Dangote Group, Alhaji Aliko Dangote; Chairman of Heirs Holding and Transcorp Plc, Mr. Tony Elumelu; Chairman of BUA Group, Alhaji Abdulsamad Rabiu; Group Chief Executive of Oando Plc, Mr. Wale Tinubu, …

Dangote Industries Limited (DIL) has revealed that its pan-African operations have fetched Nigeria $687.98 million. The company stated it has so far repatriated over $576.01 million through various banks in Nigeria, in addition to a $111.97 million cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus, saving the same amount that would have been paid by the Central …

It was a gathering of the crème de la crème of society at the 247th independence anniversary event of the United States of America held at the residence of the US Consul General, Will Stevens, in Ikoyi, Lagos, during the week. The presidential candidate of the Labour Party in this year’s election, Mr. Peter Obi; governors of Osun, Delta, and …

President Bola Tinubu, during a meeting with Bill Gates and Aliko Dangote in Abuja, promised to prioritise the health and safety of Nigerians in order to preserve workforce productivity. This was disclosed in a statement by the Special Adviser to the President on Special Duties, Communication, and Strategy, Mr. Dele Alake. Last Friday, Dangote hinted State House Correspondents about the …

Three Nigerian businessmen – Alhaji Aliko Dangote, Alhaji Abdul Samad Rabiu and Dr Mike Adenuga – have been listed among the world’s billionaires as Forbes released its comprehensive list for the year. The list, unveiled publicly on Tuesday has over 2,460 billionaires globally, manifesting some surprises. The new list is coming on the heels of unexpected developments in the global …

Dangote Cement (Ibese plant) has donated 25,000 pieces of 100kg bags for the management of agro-waste. Presenting the bags to Chief Executive Officer of Niels Deck Limited, Daniel Akpan, the Plant Director, Azad Nawabuddin restated Dangote Cement’s mission to provide 100,000 bags to empower communities and youths by stimulating the use of agro-waste as an alternative fuel. Nawabuddin said the …