Nigerian Newspapers Headlines, Thursday, January 10, 2019

BUSINESSDAY Nigeria retail outlook 2019 to focus on growth, development of retail sector Economic Intelligence Unit filters out noise in Nigeria’s democracy claims Nigeria misses out on $275m cocoa revenue as low value addition takes toll Nigeria seen as a key driver of growth in emerging market digital sales by 2022 Three years after, Buhari […]

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Dangote, Mike Adenuga Top 15 Richest Africans – Here are Their Net Worth

There are a lot of really interesting things about the remarkable continent of Africa. From the natural beauty and resources to the different cultures and all they have to offer, Africa is truly amazing. What people might not have realized about Africa is that it also has its share of billionaires and millionaires. These charismatic, […]

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Dangote will be the largest exporter of rice in 5 years – AfDB President

Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote may become the largest exporter of rice in the world by 2021. Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent. “I remember […]

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Dangote advises FG to sell off NLNG, others to get Nigeria out of recession

Nigeria and African richest business mogul, Aliko Dangote has urged the federal government to sell off the Nigerian Liquified Natural Gas company, NLNG as well as other dormant but huge capital-generating sectors and invest the proceeds back into the economy to bring Nigeria out of its current recession before the end of fourt quarter. In […]

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Reuters confirms massive corruption in foreign exchange sales: Buhari favours Dangote firms with official rate

As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man. When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of dollars available […]

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Ivory Coast to stop petrol export to Nigeria

Ivory Coast plans to stop refined petrol export to Nigeria in ten years’ time from now to meet growing domestic demand, an official of the country’s oil refinery has hinted. The Société Ivoirienne de Raffinage (SIR), located in the country’s commercial capital, Abidjan, provides Ivory Coast with nearly all of its refined petroleum products and […]

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How I lost N50b due to Buhari’s unpredictable economic policy – Dangote

In May this year, President Mohammadu Buhari refused any argument supporting devaluation of the naira. This policy affected many companies, including Dangote group. At a meeting with members of the Council of Retired Federal Permanent Secretaries, the president told them he was not buying into the logic or benefits that such an action would bring. […]

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US provides $997m for Dangote’s refinery in Nigeria

The United States Trade and Development Agency(USTDA) on Thursday in Lagos announced a grant of 997.4 million dollars (about N251.3 billion) as training support for the proposed refinery by the Dangote Group. The grant was announced at the signing of a Memoradum of Understanding (MoU) between Dangote Group and the USTDA. NAN reports that Dangote […]

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Aliko Dangote, Africa’s richest man speaks on oil subsidy, investing in Nigeria, power, agriculture, railway construction and the media business

On oil subsidy The issue with subsidy is that government needs to block all loopholes. If there’s no subsidy, it will affect our foreign exchange, we’ll end up buying a dollar at N500, because there’s no VAT on petroleum products. That’s why the import of petroleum products is taking about 30% of our foreign reserve. […]

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