Business Archives - Page 20 of 46

Sep

04

2024

Bill Gates, Dangote, Others Attend National Economic Council Meeting at Aso Rock

Business, Economy, News, PoliticsBusiness, Economy

Aliko Dangote, Chairman of the Dangote Group, and Bill Gates, Co-Chair of the Bill and Melinda Gates Foundation, are attending the National Economic Council (NEC) meeting at the Presidential Villa in Abuja. The meeting, chaired by Vice President Kashim Shettima, is taking place in the Council Chambers. Their presence is likely linked to their foundations' efforts to eradicate wild poliovirus in Nigeria. The meeting comes amid widespread concern over the recent fuel price hike, which has sparked national outrage. In addition to Dangote and Gates, several state governors are in attendance, including Babagana Zulum (Borno), Bala Mohammed (Bauchi), Abdullahi Sule…

Sep

01

2024

By Amos Oge Kalu

Setting The Blueprint For Educational Advancement: The Otti’s Example

Abia State, Business, Education, Metro, News, PoliticsAbia State, Alex Otti, Education, Politics

It is no more news that the Abia state Governor His Excellency Dr. Alex Otti has awarded scholarships to 46 indigent students studying in different tertiary institutions through the Alex Otti foundation (AOF) scholarship scheme, the event which was held at the sacramento event centre is not the first of its kind as it has been a culture over the years pioneered by Gov. Otti through the foundation even as an ordinary citizen Gov. Otti through this initiative over the years has proven his dedication and commitment to a working educational system where no one will be denied right to…

Aug

31

2024

By Amos Oge Kalu

Belemaoil Appoints New CEO, CFO to Drive Transformation and Growth

Business, Economy, News, SponsoredBusiness, Economy

Indigenous global oil firm, Belemaoil Producing Limited, has announced the appointment of Ahmadu H. Sambo as its new Managing Director/Chief Executive Officer and Emmanuel O. Onos as its Chief Finance Officer. The appointments aim to drive the company's transformation and realize its shared vision. Sambo, a former Group General Manager (GGM) of Finances at NNPC, brings over 35 years of experience in the oil and gas industry. Onos, the new CFO, has over 35 years of experience in the financial space of the oil and gas industry. The board of directors expressed confidence in the new appointees, stating that they…

Aug

31

2024

By Amos Oge Kalu

Nigeria’s naira crude revolution – By abiodun KOMOLAFE

Business, Column, Economy, News, PoliticsBusiness, Economy, Opinion, Politics

Assuming no unforeseen circumstances, Dangote Refinery is expected to make its first delivery of refined premium motor spirit, pms, to the Nigerian market by September 2024. The Federal Government has also announced that sales of crude oil to Dangote and other local refineries will begin on October 1, 2024. To address concerns about pump prices and dollar-naira exchange rates, the Federal Executive Council approved a plan. The plan offers 450,000 barrels for domestic consumption in naira to Nigerian refineries, with Dangote Refinery as the pilot. To begin with, this directive to the Nigerian National Petroleum Company Limited (NNPCL) marks a…

Aug

28

2024

By Amos Oge Kalu

SA’s Johann Rupert Overtakes Aliko Dangote as Africa’s Richest Person

Business, Economy, Lifestyle, NewsBusiness, Dangote, Economy, South Africa

In a significant shift in the rankings of Africa's wealthiest individuals, South African billionaire Johann Rupert has surpassed Nigerian business magnate Aliko Dangote to become the continent's richest person. According to recent estimates, Dangote's net worth has declined by over $1 billion, primarily due to the impact of the COVID-19 pandemic on his business interests. Meanwhile, Rupert's net worth has seen a notable increase, driven by the strong performance of his luxury goods company, Richemont, and other investments. As a result, Rupert's net worth now stands at an estimated $10.5 billion, eclipsing Dangote's net worth of $9.5 billion. This change…