SPECIAL REPORT: The ‘Seven Wonders’ Of Dangote Refinery, Africa’s Biggest Oil Revolution
Like an inevitable hurricane, Dangote Petroleum Refinery – the brainchild of Africa’s richest man, Aliko Dangote – swept into the Nigerian oil and gas industry, bringing with it a revolution which will impart the whole of African demand and supply chain, a significant shift towards a self-sufficiency model. Barely two weeks into the New Year, […]
Dangote to list $20bn refinery on NGX
Billionaire businessman, Aliko Dangote, has revealed plans to list his $20bn Dangote Petroleum Refinery on the Nigerian Exchange Limited. This plan is a major boon for the management of the local bourse who have been intensifying efforts in recent times to deepen the market by encouraging listings. Dangote in an interview with Financial Times said […]
NPA clamps down on illegal container stripping
The Nigerian Ports Authority has issued a stern warning against the illegal stripping of containers along the port access road. The Managing Director of NPA, Mr. Mohammed Bello-Koko, in a statement in Lagos on Sunday, noted that the authority would deal with perpetrators of the unwholesome practice. Bello-Koko made this known when he paid an […]
Nigeria, EU sign over €900m agreements for developmental projects
Nigeria and the European Union, on Thursday, signed finance agreements worth over €900m for development projects. The agreements were signed at the EU-Nigeria Strategic Dialogue in Abuja. It formed a central part of the EU-Nigeria cooperation to advance the country’s green, resilient, digitally inclusive transition under Government Priorities and Global Gateway. Developed jointly between the […]
FG gets $98m Islamic bank education grant
The Federal Government, through the Universal Basic Education, has secured a grant of $98m from the Islamic Development Bank to fund “Bilingual Education Project,” in nine states. The beneficiary states are Adamawa, Borno, Gombe, Kaduna, Kano, Kwara, Nassarawa, Niger and Osun. A notice of procurement issued by UBEC and sighted by our correspondent in Abuja […]
Google announces N75m grant for 15 Nigerian SMEs
Google has announced the opening of applications for its Hustle Academy SMB Fund. It stated that the N75m equity-free fund, which was dedicated to Nigerian Small and Medium-sized Businesses, would offer N5m to 15 Nigerian small business owners. In a statement, the firm noted that small businesses form the backbone of the country’s economy but […]
Nigerian Senate confirms Cardoso as CBN governor, four other deputies
The Nigerian Senate has confirmed the appointment of Dr Olayemi Michael Cardoso as the Governor of the Central Bank of Nigeria (CBN), alongside his deputies days after they had resumed office. The nominees confirmed by the Senate on Tuesday for the deputy governorship positions are Mrs. Emem Nnana Usoro, Mr. Muhammad Sani Abdullahi Dattijo, Mr. […]
I’ll find solution to Oil, Gas challenges, says Tinubu
President Bola Tinubu on Tuesday assured international investors that he is poised to solve the challenges in Nigeria’s oil and gas industry having worked in the sector himself. Consequently, he said Nigeria is open for business now more than ever. “We know the industry. We grew up in it. We are positioned to solve the […]
SPECIAL REPORT: How Aliko Dangote’s Businesses, Innovations Revolutionize Nigerian Economy, Africa
Alhaji Aliko Dangote, a name synonymous with economic prowess and philanthropic fervor, stands as a beacon of hope and innovation in Africa. His meteoric rise from modest beginnings to becoming the continent’s wealthiest individual is a testament to his unyielding vision and unwavering determination. This special report by Caracal Reports Nigeria delves into the profound […]
Federal Government Takes Swift Action Against Illegal Loan Apps in Nigeria, Delists Two from Google Play Store
In a decisive move to protect Nigerian consumers from the harassment and abuse perpetrated by unscrupulous digital money lenders, the Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has embarked on a comprehensive crackdown. The FCCPC recently announced its intention to release a comprehensive list of illegal (unregistered) digital loan apps operating […]