The Dangote’s $2 billion Petrochemical Plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko Dangote. The 900,000 metric tons per annum capacity Plant, which is being built alongside the 650,000 barrels…
Ahead of the 2023 presidential race, three different groups have purchased the All Progressives Congress (APC) Expression of Interest and Nomination Form for the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. The groups, Rice Farmers Association of Nigeria, Friends of Emefiele and Emefiele Support Group, said Emefiele is the only responsible and responsive…
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has reacted to rumours of his purported presidential bid in 2023, stating that he is focused on strengthening the country’s economy. In a series of tweets on his Twitter handle @GodwinIEmefiele on Monday, the CBN Governor said his commitment at this time is to…
Justice Olubunmi Abike-Fadipe of the Ikeja Special Offences Court has expressed shock, anger and annoyance over a blatant false narratives against Zenith Bank credited to her by some fake, over-ambitious and junk online news platforms over the judgment she delivered recently. Miffed by the widespread falsehood, the respectable Justice who delivered a case that involved…
The Peoples Democratic Party has called for the immediate resignation and prosecution of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The call is against the background of allegations made by the All Progressives Congress (APC) that Mr. Emefiele superintended over massive looting of funds in the Apex Bank. The party made…
The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled later in the year. This development was disclosed in Abuja by the Governor of the Central Bank, Mr. Godwin Emefiele, who…
To the admiration of key financial sector operators present, the Dangote Fertilizer Limited announced over the weekend the formal commencement of production of Urea in commercial quantity and the plan to hit the Nigerian market on Monday. In what industry watchers have described as a potent step to liberalize of the fertilizer market and further…
The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in 2022. Already, the company has trained several Nigerian engineers in some of the world’s biggest refineries in India and other parts of the world to…
The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream. This potential reversal of roles was disclosed by the Central Bank Governor, Mr. Godwin Emefiele, after he spent over four hours touring the ongoing Dangote Refinery, Petrochemicals, Fertilizer projects…
Minister of Finance, Mrs Kemi Adeosun, has been ordered to appear before the Senate to explain what is happening to the country’s economy. Also asked to come for questioning is the governor of Central Bank of Nigeria, CBN, Godwin Emefiele. The lawmakers, at the plenary on Wednesday, May 25, 2016, expressed their displeasure with the…