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22/06/2026

Lomé, the port city in Togo, is becoming a key trading and redistribution hub for fuel from the Dangote Petroleum Refinery.

A significant portion of Dangote's fuel output is sold offshore via Lomé before being shipped to various West African markets, including Nigeria.

Between March and May 2026, over 70-80% of Nigeria's seaborne imported fuel originated at Dangote and was rerouted through Lomé.

Lomé's ship-to-ship (STS) operations allow for the blending, storage, and redistribution of fuels to smaller ports across West Africa, increasing market efficiency and access.

The Director General of the Budget Office of the Federation, Tanimu Yakubu, has defended the foreign engagement strategy...
17/06/2026

The Director General of the Budget Office of the Federation, Tanimu Yakubu, has defended the foreign engagement strategy of President Bola Tinubu, describing recent criticisms by the former Anambra State Governor, Peter Obi, as a “populist simplification” of Nigeria’s economic realities. On 16 May, Mr Obi criticised the value of recent foreign state visits by Nigerian leaders, arguing that such engagements must translate into measurable economic benefits for citizens, rather than ceremonial visits.

He described it as contradictory for critics to oppose reforms such as fuel subsidy removal and exchange-rate unification while simultaneously demanding immediate foreign investment inflows.

Starlink has secured licenses to launch satellite internet services in Côte d'Ivoire by July 2026, marking its 27th Afri...
17/06/2026

Starlink has secured licenses to launch satellite internet services in Côte d'Ivoire by July 2026, marking its 27th African market.

The service aims to bridge Africa's connectivity gap, especially in rural and underserved areas, by bypassing traditional telecom infrastructure.

Starlink faces competition from established operators like Orange and MTN, which already provide hybrid satellite connectivity solutions using Eutelsat.

The expansion follows Starlink's recent launches in Uganda and several other African countries, demonstrating rapid growth across the continent.

GOOD JOB EMIRATES AND SINGAPORE AIRLINES! Emirates rewarded its employees with a 20-week bonus, or more or less a five-m...
24/05/2026

GOOD JOB EMIRATES AND SINGAPORE AIRLINES!

Emirates rewarded its employees with a 20-week bonus, or more or less a five-month bonus, after achieving record profits. Singapore Airlines also rewarded its employees with a 5.7-month profit-sharing bonus after achieving strong financial performance for its 2026 fiscal year.

These two airlines are really known for giving large bonuses to their employees after achieving record profits. Investing in your people is one of the best ways to improve and consistently surpass targets. These bonuses and rewards encourage employees, motivate them to perform better, and help the airlines further improve their performance and the quality of service they deliver.

Considering what Emirates went through after Iran’s attacks on the UAE, which closed their airspace and grounded aircraft, it is good to see that the airline did not forget its employees who stayed with them during those difficult times.

I am very happy for the employees and crew of Emirates and Singapore Airlines. Keep doing your best, and know that your airline truly appreciates your efforts.

India and the UAE have strengthened their strategic partnership with major defence, energy, and shipping agreements sign...
21/05/2026

India and the UAE have strengthened their strategic partnership with major defence, energy, and shipping agreements signed during Prime Minister Narendra Modi’s visit to Abu Dhabi. 🇮🇳🇦🇪

The new pacts focus on maritime security, cyber defence, advanced technology, secure communications, and deeper economic cooperation amid rising regional tensions linked to the Iran war.

Both nations also explored boosting energy security through strategic oil storage and LNG cooperation, reinforcing their long-term economic and strategic ties.

Abdul Samad Rabiu has climbed to a new wealth milestone, with his net worth rising to $15.8 billion, placing the Nigeria...
08/05/2026

Abdul Samad Rabiu has climbed to a new wealth milestone, with his net worth rising to $15.8 billion, placing the Nigerian industrialist as Africa’s second-richest person, according to Forbes.

His fortune jumped $1.8 billion in a week, driven by a rally in BUA Cement shares amid stronger earnings and investor demand.

The surge lifted his majority stake in the company, as shares advanced nearly 25 percent following improved first-quarter results and higher cement sales.

BUA Cement reported profit more than doubling year-on-year, supported by revenue growth across bagged and bulk cement segments.

Rabiu’s combined holdings in BUA Cement and BUA Foods are now valued at $19.1 billion, reflecting broad gains in Nigerian equities.

He is currently second on the continent behind Aliko Dangote, maintaining a wide gap in Africa’s billionaire rankings.

'We have over 500 job vacancies but Nigerian graduates have low IQ, not up to standard': Moniepoint CEO cries outTosin E...
08/05/2026

'We have over 500 job vacancies but Nigerian graduates have low IQ, not up to standard': Moniepoint CEO cries out

Tosin Eniolorunda, CEO of Moniepoint, has raised concerns over the quality of talent in Nigeria, revealing that the company has struggled to fill over 500 job vacancies despite limiting recruitment to Nigerians.

According to him, the few candidates identified did not meet the global standards required, as the company competes on an international level.

Read full story in comment section/bio

Visa demand for the UAE has surged by around 30% in April 2026, driven by rising interest in flexible travel options and...
28/04/2026

Visa demand for the UAE has surged by around 30% in April 2026, driven by rising interest in flexible travel options and multiple-entry visas, according to travel and visa service data.

Reports show that travellers are increasingly preferring short-notice planning, faster processing, and multi-entry permits, especially as regional conditions and air travel routes continue to evolve.

Analysts note that the spike reflects a broader shift in travel behaviour, with many visitors choosing the UAE for its stable connectivity, quick visa approvals, and strong tourism recovery. Multiple-entry visa applications in particular have risen by nearly 25–30%, as travellers look for greater freedom to enter and exit without repeated applications.

Experts say the trend highlights renewed confidence in the UAE as a global travel and business hub, supported by efficient visa systems and strong demand from key markets including India, the UK, and Russia.

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