President Bola Tinubu appoints former LASU Vice-Chancellor John Obafunwa as the new Director-General of the Nigerian Institute of Medical Research (NIMR), effective July 24. Obafunwa succeeds Babatunde Salako and brings extensive experience in forensic pathology and academic leadership to his...
Nigeria's MPC meeting on July 22-24 is expected to result in a mild rate hike amid high inflation. The naira faces pressure, potentially reaching N1,600/$. Key economic data releases and the FAAC disbursement report are anticipated. AIICO Insurance plans its AGM amidst these economic challenges...
Aliko Dangote offers to sell his 650,000 bpd oil refinery to NNPC Limited amid regulatory disputes and crude supply challenges. The $19 billion facility faces accusations of monopoly and fuel quality issues. Dangote expresses frustration with the business environment and halts plans for steel...
Billionaire Femi Otedola shared Aliko Dangote's statement on halting his steel investment, sparking social media reactions. Dangote criticized Nigeria's regulatory challenges, emphasizing the struggles faced by investors. The public expressed concern and amusement, highlighting the need for...
Africa's richest man, Aliko Dangote, criticizes the Nigerian Midstream and Downstream Petroleum Regulatory Authority for questioning the quality and certification of his refinery's products. Dangote highlights the irony of the government demarketing local businesses instead of supporting them...
Aliko Dangote, chairman of Dangote Industries, announced the company will not proceed with its planned steel investment. The decision aims to avoid accusations of monopoly and encourage broader investment in Nigeria’s steel sector. Dangote emphasized that his company does not engage in...
Aliko Dangote, Africa's richest man, revealed his $20 billion refinery in the Lekki Free Trade Zone received no government incentives and that $100 million was paid for the land. Dangote urges the House of Representatives to investigate fuel quality at filling stations to address substandard...
Aliko Dangote refutes claims of substandard products and monopoly at his refinery. Tests show superior diesel quality compared to competitors. Dangote calls for an investigation into imported fuel quality and denies receiving government incentives. House of Representatives considers further...
Meta is set to appeal the $220 million fine imposed by Nigeria's FCCPC for alleged data privacy breaches. The penalty, announced on July 19, 2024, follows an investigation by FCCPC and NDPC into Meta's data practices. Meta disputes the fine, asserting its compliance with global privacy...
On July 20, 2024, House Speaker Tajudeen Abbas and lawmakers visited the Dangote Petroleum Refinery in Lagos. The visit aimed to support the project and investigate conspiracy allegations against the refinery. The House plans to form a committee to probe these claims and the refinery's crude oil...
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