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Nigerias

Dangote Attributes Nigeria’s Power Crisis to Embezzled Funds Offshore

Navigating Nigeria's Energy Landscape: Insights from Aliko Dangote During a recent visit to the Dangote Refinery in Lagos, industry titan Aliko Dangote made a compelling point about Nigeria’s energy challenges. With a population exceeding 200 million, he remarked on the glaring inadequacy of the current power generation capacity, which hovers around 4,500 to 5,000 megawatts (MW). "It’s unreasonable,” he asserted, sparking a conversation that many may have been hesitant to join. In an illuminating statement, he revealed,…

Payaza Achieves Triple Credit Rating: A Landmark Moment for Nigeria’s Fintech Evolution

The Remarkable Journey of Payaza: A Bright Beacon in African Fintech Before the significant announcement from Agusto & Co., Payaza had already carved a niche for itself by attaining investment-grade ratings from reputable agencies such as Global Credit Ratings (GCR), an affiliate of Moody’s, and DataPro, Nigeria’s prominent rating agency. The endorsement from Agusto & Co. now positions Payaza as one of the few fintech companies across Africa to be triple-rated. This marks a pivotal moment—not just…

Nigeria’s Declining Refineries: Growing Interest in Their Sale

The saga surrounding Nigeria’s state-owned refineries brings to light a deeply rooted issue that extends beyond mere economics; it's a microcosm of the challenges facing the country’s oil sector. Recently, Aliko Dangote, often regarded as not just Nigeria’s richest man but a significant player in the global oil market, denounced the extensive investments made towards the revival of these refineries, labeling them a "complete waste of resources." This stark assessment raises essential questions: What does this say about…

U.S. Responds to Nigeria’s Claims on Visa Policy and BRICS Ties

The Recent U.S. Visa Changes and Nigeria’s Response The unfolding situation surrounding U.S. visa restrictions on Nigeria has sparked intense discussions, revealing the layers of complexity in international relations. Recently, the Nigerian government has harshly criticized these visa limitations, asserting that they stem from the U.S.'s refusal to accept undocumented migrants—especially Venezuelan individuals. This dilemma raises numerous questions. What does it say about the current state of global migration? How does it…

Navigating the Crypto Landscape: Nigeria’s Smart Approach to Innovation and Security

The Future of Cryptocurrency in Nigeria: Balancing Innovation and Responsibility In an era defined by lightning-speed innovation, we find ourselves caught between excitement and responsibility. The advent of digital assets has transformed the fabric of our financial landscape, unfolding a tapestry of possibilities intertwined with a set of challenges that demand our attention. As we delve into this evolving frontier, it's paramount to consider: how do we protect the integrity of our financial systems while nurturing…

Insights for Global Investors: Lessons from Nigeria’s Subtle Democratic Shift

This year, Nigeria proudly celebrates 26 years of stable civilian governance—no small feat for a nation that has weathered the storms of military coups and autocratic regimes. This milestone isn't just a statistic; it's a solid foundation upon which our economic future is being constructed. The significance of this durability cannot be overstated; it represents resilience, hope, and the potential for growth. Political stability serves not just as a governance metric, but as a vital business asset. In Nigeria,…

Nigeria’s Fuel Market Faces Turbulence as Dangote Reenters the Arena

Analyzing the Competitive Pricing Strategy of Dangote Refinery The recent moves by the Dangote Refinery to cut fuel prices are not just a reaction to market dynamics; they mirror a calculated strategy reminiscent of past actions. Earlier this year, the refinery's tactics stirred a pricing war with the Nigerian National Petroleum Corporation (NNPC), effectively reshaping the country's fuel landscape. It prompts one to ask: how much influence can a single player have in such a pivotal market? Last week, the Dangote Oil…

Nigeria’s Airfare Taxes: Among the Highest in Africa

A recent study entitled AFRAA Taxes and Charges Study Review 2024 has shed light on a significant issue affecting travelers in Nigeria. The report highlights that Nigerians are paying an astonishing average of $180 in taxes and charges for each international flight, a figure that stands in stark contrast to the continental average of just $68. This disparity raises an important question: what does this mean for ordinary Nigerians who wish to explore the world or conduct business abroad? The financial burden,…

Can Nigeria’s Emerging Opposition Alliance Overtake Tinubu in 2027?

Nigeria's political landscape is once again stirring, as a group of formidable opposition leaders has come together to form a coalition under the banner of the African Democratic Congress (ADC). Among them are notable figures like Peter Obi, who made waves during his presidential campaign, and Atiku Abubakar, a seasoned political player. Their objective? To take on President Bola Tinubu in the upcoming 2027 elections. This coalition does not merely consist of a handful of politicians; it embodies a response to a populace…

Nigeria’s Potential Attracts Interest, But One Factor Worries Investors – Landmark CEO Onwuanibe

Evaluating the Impact of the Coastal Road Project on Landmark Beach and the Insights of Paul Onwuanibe In January 2025, a significant event unfolded along Nigeria's southern coastline—the demolition of Landmark Beach. This decision was part of a grander scheme orchestrated by the government, aimed at constructing a 700-kilometer coastal road that will eventually link the bustling city of Lagos with the serene state of Calabar. But what does this mean for the local economy, for tourism, and for the very…

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