Dangote Dethroned as Africa's Richest Man, Adenuga, Rabiu Fall in Ranking A South African billionaire, Johann Rupert, has emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike...

Dangote, Adenuga, Abdulsamad Rabiu, Lose $9.3bn in 2023 – Forbes The combined wealth of Aliko Dangote, Abdulsamad Rabiu and Mike Adenuga declined by $9.3 billion in 2023, according to Forbes’ Real-Time Billionaires ranking. Forbes’ wealth-tracking platform provides ongoing updates on the net worth and ranking of...

Dangote Refinery Receives Third Crude Shipment Of 1m Barrels Nigeria’s Dangote refinery has received its next one-million-barrel crude oil cargo from Shell International Trading and Shipping Company Limited (STASCO), bringing the total to three million barrels at the facility’s Single-Point Mooring. The fourth shipment which is...

NGX Trading Closes Big as 16 Investors Lift Market Cap by N63bn The Nigerian Exchange Limited investors at the close of trading on Wednesday lifted the market capitalisation by N63bn. Transcorp recorded gain of (+5.41 per cent), BUA Cement (+2.23), Flour Mill (+0.47 per cent) and...

OPEC Warns FG as Refining Capacity Crashes to 6,000b/d The Petroleum Exporting Countries recent report has revealed that Nigeria's crude oil refining capacity has further reduced to just 6,000 barrels per day. In its latest Annual Statistical Bulletin 2023, OPEC said the country’s capacity to refine...

Investors Gain N422bn in Three Days Trading - NGX The Nigerian Exchange Limited, NGX, has sustained bullish trend yesterday as investors gained N422 billion from the three days trading with market capitalisation surging to N35.844 trillion from N35.422 trillion closed last week Friday. In similar manner,...