President of Dangote Group, Aliko Dangote, is planning to set up an oil trading firm that would be based in London as part of strategies to help run crude and product supply for the Dangote Petroleum Refinery located in Lekki, Lagos, Nigeria. Six sources familiar with the matter told Reuters on Tuesday that “the giant […]

The International Monetary Fund has said Nigeria may incur an expenditure of around N7trn should the existing fuel pump price cap and electricity subsidy be upheld in 2024. The fund also stated that the current administration inherited a challenging economic situation characterised by low growth, diminished revenue collection, escalating inflation, and longstanding external imbalances, stressing […]