Nigerian magnate and industrial powerhouse, Aliko Dangote, has stormed back to the pinnacle of Africa’s rich list, reclaiming his title as the continent’s wealthiest man on the Bloomberg billionaire index, mere days after ceding it to South African tycoon, Johann Rupert. In a dramatic turn of fortunes, Bloomberg reports that Dangote’s immense wealth surged by […]
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The Economic Community of West African States Commission has expressed concern over the ongoing protests in Nigeria, lamenting reports of violence, fatalities, and property destruction. It, therefore, urged protesters to heed the call for dialogue. The commission extended condolences to the families of those who have died and expressed sympathy with the Nigerian government and […]
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The Benue State Chapter of the Peoples Democratic Party (PDP) states that the immediate past Governor of the state, Chief Samuel Ortom has not been suspended from the party, as is erroneously being carried in some quarters. A letter purported to have been written and solely signed by the suspended Secretary of the party, Chief […]
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Johannesburg South Africa’s Johannesburg, ranked as the continent’s richest city due to its concentration of businesses and estimated 12, 300 millionaires, is facing a substantial infrastructure crisis. The city requires 221 billion rand ($12 billion) to address a severe backlog of maintenance and overdue upgrades across its deteriorating road, power, and water networks. Recent discussions […]
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The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira gained N9.93. This represents a 0.61 percent gain when compared to the previous trading date […]
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The naira, on Monday, August 5, 2024, appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira gained N9.93. This represents a 0.61 percent gain when compared to the […]
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BUA Cement released its 2024 second-quarter results, revealing a pre-tax profit of N18.8 billion. This represents a 54.00% year-over-year decline from a profit of N40.9 billion reported in 2023. Revenue spiked by 76.80% year-over-year from N114.7 billion the previous year to N202.8 billion in Q2 of 2024. However, BUA Cement’s earnings per share fell by […]
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The Nigerian stock market started the week on a negative note as investors lost N93 billion due to sell-offs in MTN Nigeria, Transnational Corporation (Transcorp), and other declining stocks on Monday, August 5, 2024. The market capitalisation, which opened at N55.497 trillion, shed N93 billion or 0.17 percent to close at N55.404 trillion. The All-Share […]
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A chieftain of the All Progressives Congress (APC) in Rivers State, Darlington Nwauju, has urged President Bola Ahmed Tinubu to recruit more creative individuals into his cabinet as part of measures to fulfill his Renewed Hope Agenda for the people of Nigeria. In a statement made available to newsmen on Monday, Nwauju emphasized the need […]
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Agency Report Kamala Harris picked Tim Walz as her running mate Tuesday, opting for the Minnesota governor as the partner most likely to complement her in a historic — and bruising — bid for the White House. Walz had been on a shortlist with a string of other Democratic figures seen as broadening Harris’s appeal […]
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