Business
Dangote: We Have Enough Petrol In Stock To Meet In-country Supply
Over the weekend, Aliko Dangote, the president of Dangote Industries Limited (DIL), disclosed that his firm, the Dangote Petroleum Refinery, had more than N600 billion worth of Premium Motor Spirit (PMS), often known as gasoline, in storage to efficiently and adequately service Nigeria’s domestic demands. The wealthiest person in Africa disputes the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) assertion from last week that just 50% of the oil can be obtained locally from nearby refineries. Although Dangote has consistently claimed that this is incorrect, the Authority insisted that it has continued to provide import licenses to oil marketersRead More
ThriveAgric To Empower Over 200,000 Farmers With $56.4m Debt Funding
ThriveAgric, a fast-growing technology-driven agricultural company, has announced plans to raise $56.4 million debt funding from local commercial banks and institutional investors to empower over 200,000 farmers with its $56.4Read More
Nigeria’s Power Minister Lists Steps Taken To Address Poor Electricity Supply Nationwide
Minister of Power, Abubakar Aliyu, on Saturday said the “emergency meeting” the government held with stakeholders in the sector to address the lingering blackout experienced nationwide had started to yieldRead More
