Dangote Targets $50bn IPO Valuation For Refinery
Aliko Dangote said he is targeting a $50 billion valuation for his refinery business ahead of a planned stock…
Category: Business
MTN’s Q1 Core Revenue Boosted By 27.9% On ‘Strong Performances’ In Nigeria, Ghana
South Africa’s MTN said on Tuesday its core earnings for the first quarter rose by 27.9%, driven by strong…
Oil Hits $105 But Markets Shrug Off US-Iran Deadlock
Oil price climbed to $105 per barrel on Tuesday as US-Iran talks stalled, while markets were mixed as traders…
FG In Talks With World Bank For Fresh $1.25bn Loan
The Federal Government is currently in talks with the World Bank for a new $1.25 billion loan, according to…
Trump To Suspend US Gas Tax As Iran War Spikes Prices
US President Donald Trump said on Monday that he plans to suspend a federal gasoline tax as consumers deal with…
African Leaders Push For Risk Pricing Rethink, Fresh Investment At France/Africa Summit
African leaders will use a two‑day summit in Nairobi with French President Emmanuel Macron to make a fresh push…
French President Macron Urges Investment In Africa
French President Emmanuel Macron urged investment in Africa on Monday as he co-hosted an economic summit in Kenya, after…
Dangote Eyes Kenya For $17bn Refinery
Aliko Dangote has stated that he is planning to site a huge $17 billion 650,000-barrel-a-day oil refinery in Kenya,…
CBN Urges States To Reduce Reliance On Overdrafts
The Central Bank of Nigeria (CBN) has called on state governments to cut down on overdrafts and short‑term financing.…
Norwegian Sovereign Wealth Fund Eyes Partnership With Dangote Group On Africa Investments
The President/Chief Executive of Dangote Group, Aliko Dangote, has held a meeting with Nicolai Tangen, the Chief Executive Officer…