Africas

EXCLUSIVE: Tinubu’s Executive Order Giving Dangote Refinery Lifeline Followed Meeting Facilitated For Africa’s Richest Man By Lebanese Ally, Gilbert Chagouri

5 months ago8513 min

President Bola Tinubu on Monday gave an executive order to the Nigerian National Petroleum Company (NNPC) Limited to sell crude to Dangote Refinery and other upcoming indigenous refineries in naira, the country’s currency. This was announced by the Special Adviser to the President on Information and Publicity, Bayo Onanuga on X, explaining that the order is aimed at achieving stability of the pump price of refined fuel and the dollar-naira exchange rate. Bayo said...

by Probitas

Africa’s Richest Man Aliko Dangote Offers To Sell 650,000 BPD Refinery To Nigeria’s NNPC Amid Monopoly Allegations

5 months ago948 min

Aliko Dangote, Africa’s wealthiest individual, is considering a sale of his oil refinery to the Nigerian National Petroleum Company Limited (NNPCL). The refinery, which has a capacity of 650,000 barrels per day and has been operational since last year, has faced challenges in securing crude oil supplies from international producers. This development comes as Dangote navigates a dispute with a key equity partner and ongoing regulatory issues in Nigeria. Dangote has expressed his commitment to...

by Probitas

News

Senegal’s 44-Year-Old Faye Set To Become Africa’s Youngest Elected President, Vows To Govern With Transparency

9 months ago905 min

Senegal opposition presidential candidate Bassirou Diomaye Faye, on Monday promised to govern with humility and transparency. BBC reports that Faye, set to be declared the next president after his main rival called him to concede defeat, thanked President Macky Sall and other candidates for respecting Senegal’s democratic tradition by recognising his victory well before official results. “In electing me, the Senegalese people have decided on a break with a past,” Faye told journalists...