Business & Economy - Page 109

Aliko Dangote, Africa’s richest businessman, witnessed a remarkable surge in his net worth on Wednesday, as his fortune increased by an impressive $15.1 billion (equivalent to N24.71 trillion). This significant boost elevated his total net worth to $27.8 billion, a substantial leap

Members of the House of Representatives have expressed grave concern over the indiscriminate increase in the price of fuel, which has skyrocketed to as high as N1,300 per litre. They described this price hike as alarming and potentially destabilizing for the country.

Smile Communication, a pan African Telecommunications group with firm foothold in Nigeria, has appointed a seasoned telecommunications technocrat Mann El Amine as its Group Managing Director. The Telco also appointed Abhulime Ehiagwina, an astute financial expert, as the Acting Chief Executive Officer

Oxfam, a global confederation of 21 independent charitable organizations that work together to fight poverty, inequality, and social injustice has exposed a shocking wealth disparity in Nigeria, warning that without urgent actions, the country faces the risk of a social crisis. Two

Governor Babajide Sanwo-Olu yesterday (Tuesday, October 5) officially inaugurated the commercial operation of the Lagos Redline, with a ceremonial ride from Oyingbo Station to Agbado. The journey began at 5:20 pm, with the first stop at Yaba, where the train paused

The Cross River State Governor Senator Bassey Otu has said that the share certificates of the state-owned airline Cally Air will be presented to incoming local government chairmen in the state. Speaking yesterday (Tuesday, October 15) in Calabar, the state capital,

Stakeholders in the aviation sector have appealed to the federal government to mitigate the aviation sector financial crisis by removing the “numerous charges” impeding progress in the sector. Addressing State House Correspondents yesterday (Tuesday, October 15) after a meeting with Vice President Kashim

By MIKE ABBAH Nigeria’s annual inflation rate rose in September after recording a two-month consecutive fall The country’s  headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month. This is according