Samuel Nwite
AUTHOR: Samuel Nwite
Dangote Offsets $2.4bn of Refinery’s $5.5bn Debt, Targets $30bn Revenue Amid Plan to Venture...
Africa’s richest person and founder of the Dangote Group, Aliko Dangote, announced on Monday that he has paid off approximately $2.4 billion of the...
Multichoice records $222m loss, becomes technically insolvent amid subscribers decline
MultiChoice, Africa’s leading entertainment company, has reported a significant financial downturn for the fiscal year ending March 31, 2024.
The company recorded a staggering loss...
EU Imposes Higher Tariffs on Chinese EV Imports Over Alleged Unfair Subsidies
The European Union announced on Wednesday that it would impose higher tariffs on Chinese electric vehicle (EV) imports, accusing them of benefiting "heavily from...
Nigerian Manufacturers Sound Alarm Over Electricity Tariff Hike, Say 380,000 Jobs Lost Since April
The hike in electricity tariffs has sent shockwaves through Nigeria’s manufacturing sector, leading to the closure of over 300 companies and the loss of...
Nigeria has the cheapest electricity rates in sub-Saharan Africa, Adelabu says As Court Halts...
The Minister of Power Adebayo Adelabu has defended the Federal Government of Nigeria’s decision to increase the electricity tariff for a section of customers.
The...