Aliko Dangote, Africa’s richest person and founder of the Dangote Group, announced that he has repaid $2.4 billion of the $5.5 billion borrowed to construct his...
Tolaram Group has acquired a 58.02% stake in Guinness Nigeria from Diageo Plc. for ₦81.60 per share, representing approximately a 60% premium over Guinness Nigeria’s closing...
Africa’s largest oil refinery, the Dangote Refinery, has postponed the start of its premium motor spirit (PMS) production, commonly known as petrol, from June to mid-July....
The Nigerian National Petroleum Company Limited (NNPC) has firmly denied allegations that it inflated the subsidy on Premium Motor Spirit (PMS), commonly known as petrol, by...
International Breweries PLC, a subsidiary of AB InBev, the world’s largest brewer, has announced that non-shareholders will now have the opportunity to participate in its ongoing...
Nvidia has surpassed Apple in market capitalization as its dominance in the artificial intelligence (AI) sector continued to fuel interest in the company. On Wednesday, Nvidia’s...
Despite ongoing complaints about inadequate electricity supply from consumers and mounting concerns over outstanding debts owed to power generation companies, Nigeria’s power distribution companies (Discos) have...
Turkish Airlines is venturing into the manufacturing of aircraft components, including seats and engine parts. This initiative aims to leverage the airline’s substantial order book of...
Alhaji Aliko Dangote, the founder of the Dangote Group and Africa’s richest individual, has revealed ambitious plans for his conglomerate to reach over $30 billion in...
The Major Energies Marketers Association of Nigeria (MEMAN) has launched a collaborative initiative to mitigate these incidents. This effort was announced by MEMAN’s Executive Secretary, Mr....
