The Bank of Industry (BOI) has secured a $200m sovereign-guaranteed facility from the African Development Bank (AfDB) to expand long-term financing for Nigerian enterprises in strategic sectors.
President of the Dangote Group, Aliko Dangote, has announced plans to expand the company’s investment in Ethiopia from $2.5bn to over $4bn, reinforcing its commitment to industrialisation and food security across Africa.
Dangote Industrialising Africa, Says NCCIMA DG
The Director General of the Niger Chamber of Commerce, Industry, Mines and Agriculture (NCCIMA), Adamu Salihu, has described the Dangote Group as a transformative force in Africa’s economic renaissance, saying the conglomerate is “not only industrialising Nigeria, but indeed...
NNPC Urged to Revive Refineries Following Dangote Snub
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has tackled the Nigerian National Petroleum Company Limited over its attempt to increase its stake in the Dangote Petroleum Refinery despite the poor...
Stock Market Loses N170bn as Mid-Cap Selloff Deepens
The Nigerian equities market retreated on Thursday as a wave of mild profit-taking in several mid-cap stocks dampened the recent rally, resulting in a total loss of N170bn for investors. This downward movement saw the market capitalisation...
Oil Prices Ease as Shipping Resumes in Hormuz Strait
While the United States and Iran have yet to agree on terms to reopen the strategic Strait of Hormuz, about 30 Chinese ships reportedly transited the waterway on Wednesday.
The semi-official Fars news agency in Iran reported...
