Richest

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

Amazon’s Jeff Bezos Joins World’s Richest Person Bernard Arnault In $200Billion Club, Becomes Only American In Elite Category

9 months ago984 min

Amazon founder and executive chairman Jeff Bezos became the only American with a net worth above $200 billion Wednesday. According to Forbes’ calculations, Bezos’ fortune grew by about $2 billion to just below $201 billion. This extended his lead over the next wealthiest American, Tesla CEO Elon Musk with a $191 billion net worth, to some $10 billion. Worth more than $85 billion more than he was a year ago, Bezos has...