Category: Business
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EXCLUSIVE: Abdullahi Bashir Haske—The Billionaire in the Shadows
When billionaires in Nigeria are mentioned, names like Aliko Dangote, Femi Otedola, and Tony Elumelu dominate the conversation. Yet, there exists another class of billionaires—those who operate in the shadows, quietly amassing wealth and influence while reshaping industries. Among them is Abdullahi Bashir Haske, a name that may not be widely recognized but commands significant…
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Etihad Oilfield Services Addresses Ownership Rumours and Misleading Reports
The Chairman of Etihad Oilfield Services, Alhaji Abdullahi Bashir Haske, has refuted a report claiming that a person named Kabir Chiroma Haske is the owner of Etihad Oilfield Ltd. In a statement released by the company’s public relations department, it was clarified that the individual whose photo is being circulated, Kabir Chiroma Haske, is not…
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Oando Secures Operatorship of Oil Block in Angola
Oando Plc, a prominent Nigerian energy solutions provider listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, has announced that its upstream subsidiary, Oando Energy Resources, has been awarded the operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin. According to a statement from the company’s Secretary, Mrs. Ayotola Jagun, this…
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Canadian businessman, Kevin Offers $20 Billion to Acquire TikTok Amid U.S. Ban Threat
Canadian businessman and investor Kevin O’Leary has made a bold move by offering $20 billion to acquire TikTok from its parent company, ByteDance. Starnews NG reports that this development follows the recent ruling by the U.S. Supreme Court, which upheld President Joe Biden’s ban on the popular social media app due to concerns over national…
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BREAKING: NNPCL announces N950.22 as new petrol price
Nigerian National Petroleum Company Limited (NNPCL) has officially released estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing. According to a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, the NNPC said the prices are not set by Government, but negotiated directly between parties on an arms length in line…
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Dangote Refinery sells Petrol To NNPCL In Dollars as both parties disagree over pricing
Dangote Refinery has disclosed that it sold Premium Motor Spirit (PMS) to The Nigerian National Petroleum Company Limited (NNPCL) in dollars. Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, disclosed this in a statement on Sunday Chiejina was reacting to the claim of NNPCL that it bought fuel from Dangote Refinery at N898…
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Meet 24 Nigerian Billionaires In Oil And Gas Industry
As of August 11, 2024, Aliko Dangote, Africa’s richest person with a net worth of $12.56 billion, is advancing in various sectors. His Dangote Refinery, inaugurated on May 22, 2023, in Lekki, Nigeria, is set to be the largest single-train refinery globally, processing 650,000 barrels of crude oil daily with a $19 billion investment. The…
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Dangote offers to sell refinery amid allegations of monopoly
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the…
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Why We relocated Our Refinery From Olokola To Lagos – Dangote
The chairman of Dangote group of companies, Alhaji Aliko Dangote, has hinted that his Petroleum Refinery was relocated from Olokola to Lagos State because of an unresolved disagreement between his company and Ogun state government led by Ibukunle Amosun. Starnews NG reports that Dangote Petroleum Refinery was initially planned to be sited in Olokola, a…
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BREAKING: NNPCL declares State of Emergency on Oil Production
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production. It said this was a move towards increasing Nigeria’s crude oil production and growing its reserves. Group Chief Executive Officer of NNPCL, Mele Kyari, disclosed this in a keynote address at the opening of the 23rd edition of…