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How oil mafia moved against our refinery – Dangote

June 13, 2024 by Francis Abel

Aliko Dangote, the founder of Dangote Group, has disclosed challenges faced by his $19 billion refinery project in Lagos, attributing them to local and international criminal organizations he likened to an “oil mafia.” Speaking at the Afreximbank Annual Meetings, Dangote emphasized the formidable nature of these groups, comparing them to drug mafias in terms of … Read more

Naira depreciates against dollar, exchanges for N1,600/$

February 15, 2024 by Francis Abel

The naira fell below N1,600 per dollar on Thursday, as Nigeria’s economy continues to suffer under President Bola Tinubu’s leadership. According to Aboki Forex, the naira fell to N1,600 to $1, despite efforts by the Central Bank of Nigeria to stem the naira’s wild decline. Though the naira had been falling against the dollar before … Read more