Dangote Refinery was never going to start operation except fuel subsidy was removed but propagandists said that Tinubu will not let it thrive because he has an imaginary refinery in Malta. There were a lot of teething problems at the start because it was the first time the country would be having a major private...
Category: Business and Economy
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Aliko Dangote Launches N100 Billion Annual Education Scholarships, Design To Reach 155, 000 Students Yearly
Alhaji Aliko Dangote on Thursday at Eko Hotel In Lagos State launched the N100 Billion Annual Education Scholarship Programme of his Foundation., targeting undergraduates in STEM, vocational training, and secondary school girls across Nigeria. The programme is designed to reach 155,000 students each year, with an estimated annual investment of N100 billion and more than...
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FX rate for Thursday, December 11, 2025
NGN → USD Rates NFEM (official) Rate Official Market: Buying: ₦1,451.86/ USD Parallel Market: Buying: ₦1,475 / USD Selling: ₦1,490 / USD Market Drivers: Balanced seasonal year-end demand pressures; Anticipation of a US Federal Reserve interest rate decision; Gradual market adjustment awaiting further CBN policy signals. OUTLOOK: Nigeria’s external reserves, now around $45.3 billion, continue to support...
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ECOWAS Appoints Dangote As The Pioneer Chairman Of Business Council
The Economic Community of West African States (ECOWAS) has announced Africa’s business magnate, Aliko Dangote, as the pioneer Chairperson of its newly established ECOWAS Business Council, a strategic platform aimed at mobilizing private sector investment and boosting economic integration across the region. Dr Omar Touray, ECOWAS President, announced this during the 95th Ordinary Session of...
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Photo News: “Up Naija!”—WTO DG Dr. Ngozi Okonjo-Iweala Excitedly Welcome UN Deputy Secretary-General Amina Mohammed To Geneva
Dr. Okonjo-Iweala: “Welcoming my younger sister Deputy Secretary-General of the UN Amina Mohammed to the WTO on her visit to Geneva. Up Naija!”
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Daily FX rate for Tuesday, December 9, 2025
NGN → USD Rates Official Market: Buying: ₦1,450.92 / USD Selling: ₦1451.86 / USD Parallel Market: Buying: ₦1,490 / USD Selling: ₦1,475 / USD Market Drivers: Increased FX liquidity; Dovish US Federal Reserve policy softening the Dollar; Sustained CBN reforms and foreign reserve accumulation. OUTLOOK: Analysts say the Naira’s performance reflects stronger inflows and a softer...
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African Richest Man Encourages Wealthy Nigerians To Swap Luxuries For Local Factories That Create Jobs For The Teeming Unemployed Youths
Africa’s richest man and Chairman of Dangote Group, Alhaji Aliko Dangote with a fortune between $23.9 billion and $30 billion, called on fellow elites in Nigeria to swap spending on luxuries for local factories that create jobs. “Instead of buying jets and Rolls-Royce, you could use it to establish companies/create jobs in your community. Whenever...
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US Firm Removes Nigeria’s Presidential Jet From Sales On Company’s Website
The Boeing 737-700 Business Jet put up for sale by the Nigerian government has been quietly removed from the website of JetHQ, the international marketing firm handling its listing. The jet, which was previously listed on the company’s website, could no longer be found for sale, and JetHQ later confirmed its withdrawal in an emailed...
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YouTube Says It Will Comply With Australia’s Teen Social Media Ban
Google’s YouTube shared a “disappointing update” to millions of Australian users and content creators on Wednesday, saying it will comply with a world-first teen social media ban by locking out users aged under 16 from their accounts within days. The decision ends a stand-off between the internet giant and the Australian government which initially exempted YouTube from the age restriction,...