Tag: Nigeria
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Nigeria’s Dangote refinery in talks with Libya to secure oil
Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies. The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is…
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Nigerian regulatory agency head accuses Dangote of threatening with monopoly over diesel import ban
Aliko Dangote, the wealthiest man in Africa, has requested that Nigeria suspend diesel and aviation fuel imports, Farouk Ahmed, the head of the Nigerian Midstream and Downstream Regulatory Agency told reporters. “That is not good for the nation in terms of energy security and that is not good for markets in terms of monopoly,” he…
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Nigeria approves new minimum wage amid economic turbulence and labor unrest
“President Bola Tinubu has approved a 70,000 naira minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years,” Senior Presidential Aide Bayo Onanuga announced on X. The compromise was reached during negotiations between the government and the country’s largest labor unions, the Nigerian Labour Congress (NLC) and…
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BRICS geological platform could strengthen African countries’ sovereignty over their natural resources, Nigerian rector says
Speaking to Sputnik Africa on the sidelines of a recent roundtable in Moscow focused on BRICS geological cooperation, Prof. Paul Omaji, Rector of the Admiralty University of Nigeria, highlighted the importance of Russia’s recent agreement with a number of African countries, including Nigeria, to assist in mineral resource development. “We are glad that Russia is…
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Interpol arrests 300 people in a global crackdown on West African crime groups
In a global operation targeting West African organized crime groups across five continents, police arrested 300 people, seized $3 million and blocked 720 bank accounts, Interpol said Tuesday. Operation Jackal III, which ran from 10 April to 3 July in 21 countries, aimed to fight online financial fraud and the West African syndicates behind it,…
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NIGERIANS TO PAY N688,000 DOCUMENT VERIFICATION FEE AS CONDITION FOR UAE VISA
Travellers from Nigeria heading to the United Arab Emirates (UAE) must now pay a non-refundable document verification fee of N688,000. Paying the document verification fee is a requirement set by the Arab country to lift the visa ban on Nigerians. The Minister of Information and National Orientation, Mohammed Idris, declared on Monday that the ban…
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Africa’s richest man says he doesn’t own a home outside Nigeria
Africa’s richest man, Aliko Dangote, has shocked many Nigerians after saying he doesn’t own a house outside the country. Mr Dangote said he had two houses – in his home town of Kano, and Lagos – and lived in a rented apartment whenever he visits the capital, Abuja. He was listed by Forbes magazine in…
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