PECC: Tinubu Names Dangote, Elumelu, Rabiu, Others as Economic Team Advisors  President Bola Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) to tackle the prevailing economic challenges in the country. Presidential spokesman Ajuri Ngelale...

Dangote, Nestle, Others Lose N1.7tn to Naira Depreciation Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their financial statements published on the website of the...

Reps to Question Dangote, BUA, Others over Cement Price Hike  House Representatives has invited cement manufacturers including Dangote Cement and BUA Cement to appear before them for deliberations on ways to mitigate the hardship arising from high cement prices. The House resolution was sequel to the...

Reps to Question Dangote, BUA, Others over Cement Price Hike  House Representatives has invited cement manufacturers including Dangote Cement and BUA Cement to appear before them for deliberations on ways to mitigate the hardship arising from high cement prices. The House resolution was sequel to the...

Dangote Names Refinery Road After Late Wigwe Billionaire businessman, Aliko Dangote, has named the 120km road leading to his refinery in Lagos after the late Group Chief Executive Officer of Access Holdings, Herbert Wigwe, in recognition of his exceptional contributions to the project. The announcement was...

Exorbitant Cement Prices and Matters Arising, by Rahma Oladosu   Within a week, retail price for cement leapt from N5,000 to N10,000 in the market due to certain economic realities. Even without official statement from producers or sellers, Nigerians began to throw tantrums because the move...