Femi Otedola: It Was My Destiny to Make Billions and Lose Billions As Well

_So I’m watching Billionaire Femi Otedola’s  interview with  Forbes’s Peace Hyde  on the day he lost a billion dollar  and when asked by Peace to introduce himself, this is what the billionaire said:_ Femi Otedola is a guy that came into this world and did not know how he came and the  guy that believes […]

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Nigerian Newspapers Headlines, Monday, February 4, 2019

    BUSINESSDAY EXPOSED: The sleazy face of N306/$ PZ Cussons and Nigeria’s exit rumours New minimum wage means more woes for cash-strapped Nigerian states Flashback: Examining Nigeria’s best path to prosperity Regulation allowing direct purchase of electricity from producers flounders 2 years on Buhari: The deception of a ‘converted’ democrat Manufacturers set 15% GDP […]

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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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