The long-dormant Olokola Free Trade Zone (OKFTZ) is officially waking up. In a massive economic move, the Ondo State Government, led by Governor Lucky Aiyedatiwa, has partnered with the Dangote Group to transform the coastal corridor into Nigeria’s largest industrial and free trade hub. For decades, the multi-billion dollar OKFTZ […]
Two of Africa’s biggest corporate giants—United Bank for Africa (UBA) and Dangote Group—have moved swiftly to shut down circulating falsehoods targeting their leadership, reaffirming their commitment to transparency and reputation management. UBA denounced claims of a supposed divorce involving its Group Chairman, Tony Elumelu, labeling the reports “false, defamatory, and […]
The Dangote Group has refuted recent claims regarding the projected petrol price of N600 per liter, as reported by Punch Newspapers on August 13, 2024. The company has issued a statement clarifying that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not a business partner of the Dangote Group […]
Operatives of the Economic and Financial Crimes Commission (EFCC) reportedly probing 52 companies over forex transactions. According to reports today, the anti-graft agency was conducting the investigation on forex allocations to these various Nigerian companies during the tenure of the former CBN governor, Godwin Emefiele. Big companies including Dangote […]
The Dangote Refinery, yesterday, took delivery of another tranche of one million barrels of crude oil, thus increasing total deliveries to about three million barrels which came from Shell International Trading and Shipping Company Limited (STASCO). According to reports, Dangote Refinery has concluded plans to start the refining of diesel […]
