The African Development Bank (AfDB) has announced a $500 million loan to Nigeria as part of a broader $1 billion programme aimed at supporting economic and power sector reforms. The funding is designed to strengthen the government’s budget, promote infrastructure development, and boost energy
Dangote Refinery Afe Babalola, founder of Afe Babalola University (ABUAD) in Ado-Ekiti, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to allow Dangote Refinery to sell fuel directly to Nigerians at a lower rate. Babalola criticized NNPCL’s monopoly, saying it prevents Nigerians from benefiting from potentially lower fuel
In a surprising move, Aliko Dangote, Africa’s richest man, has offered to sell his refinery to the Nigerian National Petroleum Corporation (NNPC). This announcement has sparked significant interest and discussions within the country’s oil sector. Dangote’s refinery, located in Lagos, is one of the largest in the world, and its sale could mark a major […]