Aliko Dangote: Why We Went Into Oil Business
FOR Africa’s richest man, Aliko Dangote, it is about determination and doggedness, steeped in fortitude that is today yielding dividends. For eleven, consecutive years, he has been the richest man in Africa according to both Forbes and Bloomberg. A graduate of Al-Azhar University in Cairo, Egypt, Dangote began his business career in 1978, trading in […]
DANGOTE REFINERY Refinery: Seven Presidents Join Buhari For Commissioning
The new Refinery owned by Africa’s richest man, Aliko Dangote can meet 100% of the Nigerian requirement for all refined products (Gasoline, 53 million litres per day; Diesel, 34 million litres per day; Kerosene, 10 million litres per day, and Aviation Jet, 2 million litres per day) and also have a surplus of each of […]
Nigeria’s Inflation Rate Rises To 22%
The Nigerian Bureau of Statistics has revealed that the country’s inflation rate for the month of April has hit 22.22% surpassing last month’s rate of 22.04% This latest data was contained in the CPI report released on Saturda READ ALSO: Analysts Set Agenda For Tinubu’s First 100 Days According to the report, in April 2023, the […]
JUST IN: South Africa Unveils New Banknotes, Coins
South Africa has unveiled new banknotes and coins, the country’s first significant currency overhaul in more than a decade. The South African Reserve Bank (SARB) announced the adjustments, claiming that they were necessary to stay up with technology and avoid counterfeiting. According to reports, the new notes, which will go into circulation, will keep […]
FG Counters Media Reports, Says Fuel Subsidy Removal Not Suspended
The Federal Government on Friday said that it has not suspended the removal of fuel subsidy as being reported in some media platforms. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed made the clarification in a statement made available to THE WHISTLER The statement was signed by Yunusa Tanko Abdullahi, Special Adviser, […]
Fact-Check: FG Suspends The Removal Of Fuel Subsidy, Why?
Fact-Check: FG Suspends The Removal Of Fuel Subsidy, Why? The Federal Government has suspended plans to remove fuel subsidy by June this year. Minister of Finance, Budget and National Planning, Ahmed Zaniab gave the indication on Thursday, shortly after the National Economic Council, NEC, meeting, chaired by the Vice President, Yemi Osinbajo. She said the NEC, […]
UN: Cash Scarcity Crippled Nigeria’s Economy
The United Nations (UN) has disclosed shortage of naira in recent times crippled the Nigerian economy and made Nigerians poorer. The UN disclosed this in its ‘Trade and Development Report Update; Global Trends and Prospects (April 2023),’ report produced by the United Nations Conference on Trade and Development (UNCTAD). It stated that the informal sector […]
SUBSIDY PALLIATIVE: FG To Pay N5,000 To 10M Households
The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June. The amount is N50 billion per month and reaches N300bn with $800m (N371.6bn at CBN N464/$1 rate) World Bank loan to fund the project. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, […]
Despite N6tr Subsidy Payment, Fuel Price Soars By 81%– Report
THE price of Premium Motor Spirit popularly called petrol has risen by 81 per cent in the past three years, according to the National Bureau of Statistics reports analysed by our correspondent. This came as findings showed that the Federal Government has paid about N5.83tn subsidy on petroleum products. NBS data showed that between February […]
KPMG: Nigeria’s Unemployment Rate Projected To Hit 40%
KPMG: Nigeria’s Unemployment Rate Projected To Hit 41% Global consulting firm KPMG has projected that Nigeria’s unemployment rate would rise further to 40.6 percent in 2023. In a report titled ‘Global Economic Outlook’, the firm also said the inflation rate is predicted to remain above 20 per cent in 2023 due to structural and policy […]