Aliko Dangote, the president of the Dangote Industries Limited (DIL), has reached a new milestone, as the billionaire’s net worth hit the $30 billion mark on Friday. According to the Bloomberg Billionaires Index, Dangote’s net worth increased by $2.25 billion to $30.3 billion as at October 24. The billionaire businessman moved up to the 75th […]
*Fortune increases to $17.8bn Africa’s richest man, Aliko Dangote has significantly moved up in the World billionaires list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as the only Nigerian in the Bloomberg’s yearly top billionaires lists. Other Africans on the lists are three South Africans. They are […]
The Federal Government has approached the World Bank for a loan of $2.5billion, World Bank’s Vice President for Africa, Hafez Ghanem revealed. Ghanem explained that the World Bank was in talks with the Nigerian government for the concessionary loan. He, however, noted that Nigeria had received $2.4billion from the global financial institution in 2018. According […]
Micheal Ajayi Nigerian National Petroleum Corporation (NNPC), through the Group Managing Director (GMD), Mr. Mele Kyari, has said that the corporation is about to reach an agreement in securing a $2.5billion gas pipeline financing with China. Kyari made this known while speaking with the Bloomberg in the World Energy Conference in Abu Dabhi in Saudi […]
…To raise over N200bn for expansion in Nigeria Ladesope Ladelokun MTN Nigeria has concluded all plans to be officially introduced on the Nigerian Stock Exchange, come Thursday, May 16th, even as a plan to increase its expansion and the efficiency of its network in Nigeria is underway. The telecommunication firm is looking to raise over […]
…Eyes $1.1b from asset sales As part of efforts to raise at least $1.1 billion from asset sales and cement its financial base, MTN Group has agreed to sell its 53 per cent stake in Botwana’s Mascom to Econet wireless Zimbabwe Ltd. for $300 million. This is coming on the back of the announcement by […]
The Challenge Initiative (TCI), implemented globally by the Gates Institute at the Johns Hopkins Bloomberg School of Public Health, and in Nigeria by the Johns Hopkins University Centre for Communication Programs (JHUCCP) signs a Letter of Commitment with Ogun, Kano, Delta, Bauchi and Niger state governments to implement The Challenge Fund Catalytic Grant after a […]