Samuel Nwite
AUTHOR: Samuel Nwite
Xiaomi’s CEO Says Leap into Electric Vehicles Was Prompted by U.S. Sanctions
Lei Jun, founder and CEO of Xiaomi, has revealed the driving force behind his bold foray into the electric vehicle (EV) market, pointing at...
Nigeria’s Debt Crisis: Debt Servicing Gulps 74% of Revenue in Q1 2024
In a revealing disclosure from the Central Bank of Nigeria (CBN), the nation's escalating public debt has been shown to have gulped a significant...
PwC Warns Nigerian Government’s Proposed Windfall Tax Could Deter Investments
PricewaterhouseCoopers (PwC), a global tax and advisory services firm, has raised concerns over the Nigerian government's recent proposal to tax the already reported FX...
Dangote Offers to Sell Refinery to NNPC Following Attacks by Nigerian Government
In a surprising development, Aliko Dangote, Africa’s wealthiest man, has announced his willingness to sell his multibillion-dollar oil refinery to the state-owned Nigerian National...
Dangote Withdraws Plan to Venture into Steel Following NMDPRA’s Monopoly Allegations
Aliko Dangote, the chairman of Dangote Industries Limited, has announced he is abandoning plans to enter Nigeria’s steel industry, following allegations of monopolistic practices...