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Africa’s richest man and owner of the $20 billion Dangote Refinery, Aliko Dangote, has stated that individuals who benefit from fuel importation are deterring African governments from constructing refineries in the continent. Dangote made this statement during a conversation with CNN’s reporter, Eleni Giokos, at his refinery in Lagos, Nigeria. According to him, no new […]

Olumide Akpata, the Labour Party (LP) governorship candidate in Edo State, has reaffirmed his commitment to winning the September 21, election, undeterred by the tactics of desperate politicians. Speaking in Benin, the former President of the Nigerian Bar Association (NBA) emphasised that the leadership crises within Edo LP would not impede his performance in the […]

South Africa is entering a new political period after the African National Congress (ANC) lost the parliamentary majority it has held for 30 years. Official results announced on Sunday showed it had taken 40.2% of the vote in the country’s general election – down from 57.5% in 2019. It means the party of Nelson Mandela […]

The International Air Transport Association (IATA) on Sunday disclosed that $19 million are yet to be cleared in Nigeria. IATA in a statement said this has remained so due to the Central Bank’s ongoing verification of outstanding forward claims filed by the commercial banks. According to IATA, in June 2023, Nigeria’s blocked funds amounted to […]

Senior Advocate of Nigeria (SAN) Femi Falana has called attention to the expiration of the National Minimum Wage Act 2019, which set the national minimum wage at N30,000, has expired. According to Section 3(4) of the Act, the national minimum wage expires after five years and should be reviewed in line with the Act’s provisions. […]

*To Discuss National Assembly Appeal With Labour Organs The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) confirmed on Sunday, June 2, that their planned indefinite strike over the new minimum wage will proceed as scheduled. The organized labour said its decision stands despite last-minute efforts by the National Assembly leadership to prevent a […]

By Olumide Babalola In the last week of May 2024, the Nigeria Data Protection Commission (NDPC) commendably released a draft document titled ‘NDPA General Application and Implementation Directive (GAID) 2024’ to predominantly provide guidance to the provision of the Nigeria Data Protection Act (NDPA). Showing their candid expectation of stakeholders’ comments on the progressive document, […]

*As Akume, Gbajabimila, Edun, Others Present The leadership of the National Assembly and five ministers have commenced a meeting with the executive of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) in a bid to avert the planned indefinite workers’ strike. The leadership of organised labour had declared an indefinite strike billed […]

Oando Grows Turnover to N3.4trn in 2023 – Tinubu Oando Plc, an energy solution provider, has posted a turnover of N3.4 trillion in its 2023 full year-end unaudited financials. The figure represents an increase of 71 per cent when compared to N1.9 trillion posted in 2022. Mr Wale Tinubu, Group Chief Executive Officer, Oando Plc, […]

Nigerian Breweries Completes 80% Acquisition in Distell Wines and Spirit Nigerian Breweries Plc has officially completed the acquisition of a majority stake (80%) in Distell Wines and Spirits Nigeria Limited (Distell Nigeria), according to an official statement. The transaction follows the South African Reserve Bank’s (SARB) approval for Nigerian Breweries Plc to acquire the shares […]

AfDB Unveils 10-Year Strategy to Confront Africa’s Challenges The African Development Bank Group (AfDB) has unveiled its new Ten-Year Strategy 2024–2033, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back on track towards sustained economic growth and prosperity. Unveiling the strategy during the Bank Group’s Annual Meetings in Nairobi, […]

Real Madrid Faces Borussia Dortmund in Champion League Final Real Madrid will face Borussia Dortmund in Champions League final today at Wembley.  After defeating Bayern Munich in the semifinals, Los Blancos may win their fifteenth European championship, while BVB is vying for a second trophy on what is probably the biggest stage in club football […]