The management of Dangote Group has debunked speculations that the company would benefit from a 10-year tax holiday after constructing the 35-kilometre Apapa to Oworonshoki end of the Lagos-Ibadan Expressway. The company made this denial at a media briefing in Lagos on Monday. The Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries […]

The loan books of Deposit Money Banks are shrinking by the day as lenders step up investments in securities and money market assets at the expense of lending. Investigation by our correspondent revealed that the DMBs in the country, which before now were recording double-digit growth in their loan books year-on-year, were barely managing to […]

The import of Nigeria’s crude oil by the United States increased by 32.1 per cent to 52.36 million barrels in the first half of this year, compared to the same period in 2016. The US Energy Information Administration, the statistical arm of the Energy Department, revealed in its latest data that the country bought a […]