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Men count Nigerian naira banknotes at a livestock market, ahead of Eid al-Adha, amid the spread of the coronavirus disease (COVID-19), in Abuja, Nigeria July 29, 2020. REUTERS-Afolabi Sotunde

Starved of dollars, Nigerian businesses struggle for survival

Around 80% of the materials that go into Lagos-based diaper and sanitary towel manufacturer Wemy’s products are imported. To buy them, Paul Odunaiya needs dollars, which he can no longer find.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

May Day: Atiku Abubakar sacks 46 staff

Forty-six staff of Gotel Communications, a media outfit owned by Nigeria’s former Vice President, Atiku Abubakar, have been sacked by the organisation.
The statement was signed by Dr Nsikak Nyoyoko, Chairman NMA, Mr Patrick Odu, Chairman NANNM, Dr Akwaowoh Akpabio, Chairman PSN and Mrs Emilia Eliezer, Chairman AMLSN.

Akwa Ibom health professionals demand increased testing of suspected coronavirus cases

Medical professionals under the aegis of the Conglomerate of Health Professionals in Akwa Ibom have demanded more testing of suspected cases of Coronavirus, especially those related to the index cases in the state.G
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Organised labour hails Aliko Dangote at 63

Organized labour has congratulated Alhaji Aliko Dangote, founder and Chairman of Dangote Group, an industrial conglomerate in Africa on the occasion of his 63rd birthday.
The Commissioner for Health, Dr Joe Osuji, told newsmen in Umuahia that the South African went to a hospital in Aba and was treated of malaria, adding that he is now hale and hearty and had returned to work.

Abia, hotel deny South African engineer had virus

Following the stampede at the Hotel du Golf, Aba, Abia State on Friday over the suspected case of a foreigner with the dreaded Coronavirus, the state government and the management of the hotel have categorically denied that a white South African lodging in the hotel is infected with the virus.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote remains Africa’s wealthiest person, Mike Adenuga, Abdulsamad Rabiu among top 20

For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1 billion.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote’s net worth rises to $14.8 billion in 2019

Africa’s wealthiest man, Alhaji Aliko Dangote ended 2019 with a total worth of $14.8 billion, representing an increase of $4.3 billion from the $10.3 billion recorded in 2018, according to Bloomberg’s Billionaires Index released recently.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote’s fortune increased by $4.3 billion in 2019

African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world.
The Daewoosky Institute reported on its website on Tuesday that Kim Woo Choong, the former leader of South Korea’s, second largest conglomerate Daewoo, has died as a result of a chronic illness.

Daewoo founder Kim Woo Choong dies at 82

The Daewoosky Institute reported on its website on Tuesday that Kim Woo Choong, the former leader of South Korea’s, second largest conglomerate Daewoo, has died as a result of a chronic illness.
FILE PHOTO- The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS-Kim Hong-Ji

South Korea jails Samsung executives over destroyed evidence

A South Korean court, on Monday, jailed three executives of Samsung Electronics for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud.
The Vice President, Prof. Yemi Osinbajo, on Saturday reiterated the commitment of the Federal Government towards free and compulsory education of the first nine years of a child school life across the country.

VP Osinbajo: MSMEs sure way to economic growth

Vice President Yemi Osinbajo and Delta Governor, Senator (Dr.) Ifeanyi Okowa, on Thursday said Micro, Small and Medium Scale Enterprises (MSMEs) were the fastest ways of growing the economies of states and the nation.

Dangote, MTN, Glo lead in the 2019 most valuable brands in Nigeria

For the umpteenth time, Dangote Group, a Nigerian owned and most diversified conglomerate has emerged the most valuable brand in Nigeria after the 2019 Top 50 Brand survey, while MTN closely followed as the most valuable multinational and telecommunication brands with Glo coming third in the chart.
Yemi Alade, one of Africa’s most creatively and commercially successful artists, has signed a global licensing agreement with Universal Music Africa (UMA) – Universal Music Group’s west African affiliate – in partnership with Universal Music France (UMF).

Yemi Alade signs licensing deal with Universal Music Group

Universal Music Group also known in the United States as UMG Recordings is an American global music corporation that is a subsidiary of the French media conglomerate, Vivendi.
President Muhammadu Buhari says Nigeria has very attractive investment opportunities with some of the highest “Returns-on-Investment’’. 2

President Buhari welcomes investments from Japan bank, Toyota

President Muhammadu Buhari on Friday held investment talks with top officials of Japan Bank for International Cooperation, and Toyota Group, at the margins of the Seventh Tokyo International Conference on African Development (TICAD 7), holding in Yokohama, Japan.
Thomas Cook

Chinese group mulls Thomas Cook takeover

China’s Fosun Group is considering nearly a billion dollar rescue of embattled British tour operator Thomas Cook, the Hong Kong-listed conglomerate confirmed Friday.
IGBINEDION UNIVERSITY

Igbinedion university commences ICT programme

Prof. Lawrence Ezemonye, the Vice-Chancellor, Igbinedion University Okada (IUO), has urged students to be involved in Information Communication Technology (ICT) programmes of the university.
Power

Century PowerWhy Nigeria is still in darkness

Nigeria is still in darkness because of infrastructural deficit and the huge debt owed power generation companies (GenCos) by power distribution companies (DisCos), Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.
Issad Rebrab

Algeria’s richest man held in jail in graft probe

Algeria's richest man Issad Rebrab has been detained in jail on the public prosecutor's orders, state media reported Tuesday, a day after his arrest as part of a corruption probe.

Recent Stories

CAN president urges Nigerian government to overhaul security apparatus

The President, Christian Association of Nigeria (CAN), Rev Samson Ayokunle, has urged the Federal Government to immediately overhaul the security apparatus of the country.
The governor of Ondo State, Rotimi Akeredolu, has reacted to his victory at the primary election of the All Progressives Congress (APC).

Ondo guber: APC leaders endorse Governor Akeredolu’s re-eelction

Leaders of the All Progressives Congress (APC) in Ondo State Sunday resolved to bury their hatchets and they endorsed the second term ambition of Governor Rotimi Akeredolu.
Godfrey Oboabona put in a good shift in Dinamo Batumi’s 4-0 triumph over FC Chikhura by accounting for an assist.

Godfrey Oboabona bags assist in Dinamo Batumi’s decimation of FC Chikhura

Godfrey Oboabona put in a good shift in Dinamo Batumi’s 4-0 triumph over FC Chikhura by accounting for an assist.
Nigeria's Diezani Alison-Madueke, Minister of Petroleum Resources and Alternate President of the OPEC

Diezani Alison-Madueke: ‘Yahoo’ boys have become role models

A former Minister of Petroleum Resources, Diezani Alison-Madueke, says societal values have disintegrated to the extent that online fraudsters otherwise known as ‘Yahoo boys’ have become role models in Nigerian society.
Atlético Madrid have confirmed that two member of their group have tested positive for coronavirus.

Atlético Madrid confirm two positive coronavirus tests

Atlético Madrid have confirmed that two member of their group have tested positive for coronavirus.