The President of Dangote Industries Ltd, Aliko Dangote, said that the Dangote Petroleum Refinery and the fertiliser plant would be listed in the capital market by the first quarter of 2025.
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The Dangote Group has revealed that it is targeting around $30 billion in revenues by the year 2025 whilst projecting to become the largest supplier of foreign exchange in the FX market in the future.
Our debt-to-GDP ratio, which used to be far, far below 50, which used to be around 20 to 23, 25, is now close to 50%,” he said.
Bitcoin pumped to a near $60,000 following the announcement of the United States CPI yesterday but appears to have retraced from the surge at the time of the report. The total market capitalization of all crypto assets also dropped to a little over $2.2 trillion.
The Corporate Affairs Commission (CAC) has announced plans to cancel the certificates of incorporation for Bureaux De Change (BDCs) whose…
Among the stockbroking firms in Nigeria, Stanbic IBTC Stockbrokers, Cardinal Stone Securities and Apt Securities emerged as the top performers, collectively accounting for N727.078 billion in value and representing 50.42% of the total value of transactions conducted in the first half of the year.
FirstBank has said it is sponsoring the Lagos performance of Eni Ogun – The Noble Warrior, a theatrical performance in honour of Nobel Laureate Professor Wole Soyinka as part of activities celebrating his 90th birthday.
While the increase in borrowing is notable, Nigeria’s debt servicing costs have also been significant, almost matching the amount borrowed.
If approved, Nigeria will have secured a total of $4.25 billion in loans from the bank this year alone and a cumulative $6.95 billion under the administration of President Bola Tinubu.
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the…