Business Archives - Page 20 of 46

Aug

31

2024

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…

Jul

29

2024

By Amos Oge Kalu

ABN TV | Radio App Set To Revolutionize Media Consumption With Upcoming Launch On Google Play, Apple Stores

Abia State, Business, Metro, News, Sponsored

In an exciting development, *ABN TV | Radio# is poised to launch its innovative all-in-one app on the Google Play Store and Apple Store, providing users with a seamless and comprehensive media experience. The app, dubbed "ABN Home," will serve as a central hub for all of ABN's social media platforms, including its Facebook page, YouTube channel, Instagram, X, and website. This means that users will have access to a wide range of content, including: ✅Breaking news and latest updates✅Entertainment news and reviews✅Political analysis and commentary✅Sports news and live coverage/streaming✅Movies and shows✅Live coverage of events and programs With the ABN…

Jul

24

2024

By Amos Oge Kalu

Pioneering the Skies: Rise and Fall of Okada Air, Nigeria’s Trailblazing Private Airline

Business, Economy, Lifestyle, Metro, NewsBusiness, Economy, Metro, Nigeria, OKADA Air, Opinion

In 1983, Sir Chief Gabriel Igbinedion, the revered Esama of Benin Kingdom, boldly launched Okada Air, Nigeria's first private airline. Emblazoned with the iconic Queen Idia mask as its logo, Okada Air embarked on a remarkable journey, initially offering charter services in September of that year. As it soared through the skies, the airline established a strong presence in 9 local airports across Nigeria, cementing its position as one of Africa's largest independent airlines. Okada Air's horizons expanded in 1992 when it secured the coveted right to operate international flights. The airline's fleet, which included the majestic Boeing 747-100, traversed…

Jun

29

2024

By Amos Oge Kalu

FIRS: The picture is here – Column

Business, Economy, News, OpinionEconomy, Metro

!By abiodun KOMOLAFE We are in a time of pronounced change of thinking in a positive direction in Nigeria after decades of misadventures. To support this change, we must focus on the key policies and drivers of reform in order to assist them in their endeavours. A crucial aspect of this transformation is transitioning from a consumption-based economy to one driven by productivity, essential for achieving sustainable development. To achieve this, there is an urgent need for the prioritization of revenue collection to redirect Nigeria’s very economic foundation. While we may not subscribe to the ‘great man theory of history’,…