Dangote to Donate One-Third of Wealth to Charity — Daughter RevealsAfrica’s richest man, Aliko Dangote, is set to donate one-third of his wealth to charity as part of his long-term succession and legacy plan, according to his daughter, Halima Dangote. Halima, who serves as a trustee of the Aliko Dangote Foundation, disclosed that the billionaire …
Major Investment in Nigeria’s Oil Sector Signals New Hope for Economic Growth BlacksoilTV News | Business & EconomyNigeria’s oil and gas industry is receiving a significant boost as fresh investments continue to flow into the sector, raising hopes for increased crude oil production, improved energy security, and stronger economic growth. The latest investments are expected …
🇳🇬 BLACKSOILTV NEWSAs US, Iran Resume Hostilities Over Strait of Hormuz, Dangote to Now Sell Fuel in DollarsFresh tensions in the Middle East have reignited concerns across global energy markets as the United States and Iran resume hostilities around the strategic Strait of Hormuz—a vital shipping route through which a significant portion of the world’s …
Cooking Gas Prices Remain High Despite Improved Supply Despite signs of improved availability of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, many Nigerian households continue to grapple with high refill prices, raising concerns about affordability and the rising cost of living.
MultiChoice Joins Canal+ as Full Subsidiary After Landmark Acquisition A new chapter has begun in the African entertainment industry as French media giant Canal+ has officially completed its acquisition of MultiChoice Group, making the pay-TV broadcaster a full subsidiary of the company. The deal marks one of the biggest media acquisitions in Africa’s history and …
Nigeria’s refining industry has recorded another significant milestone as the Dangote Petroleum Refinery reportedly exported jet fuel worth approximately ₦757 billion to Europe, strengthening its position as one of the continent’s fastest-growing suppliers of aviation fuel.The report indicates that the refinery outperformed exports from the United States to several European destinations during the period under …
Naira Gains Strength, Trades at N1,370/$ in Official FX Market Nigeria’s currency, the naira, has continued its positive performance at the official foreign exchange market, trading at N1,370 against the United States dollar. The latest development signals growing confidence in the country’s foreign exchange reforms and offers fresh hope for businesses and consumers.
Petrol Stays Above ₦1,000 as Dangote, Importers Battle for Market Control Despite the recent drop in global crude oil prices, many Nigerians are still paying over ₦1,000 per litre for petrol as competition between the Dangote Petroleum Refinery and fuel importers continues to influence pricing in the downstream oil sector. The decline in international crude …
Petroleum marketers across Nigeria have warned that they may shut down filling stations nationwide if the Federal Government attempts to impose price controls on petrol in the country’s deregulated downstream oil sector. The warning comes amid growing pressure from the government for marketers to reduce pump prices following the recent decline in global crude oil …
Cooking Gas Prices Ease as Supply Improves in Nigeria Relief may finally be on the way for millions of Nigerian households as the price of cooking gas, also known as Liquefied Petroleum Gas (LPG), has begun to decline following improved supply across the country.
Making it financially in Nigeria is possible, but it usually comes from a combination of increasing income, managing money well, and investing wisely over time.
The richest man in Africa is Aliko Dangote from Nigeria.According to Forbes’ 2026 Africa Billionaires List, his net worth is estimated at $28.5 billion, making him the wealthiest person on the continent.More recent reports based on Bloomberg tracking suggest his fortune has risen significantly in 2026, with estimates ranging from $36.5 billion to $36.7 billion, …
Lagos, January 4, 2026 — Private fuel depots in Lagos have raised the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦800 per litre, signaling fresh pressure on Nigeria’s downstream petroleum market.The new price represents a sharp increase from recent rates of about ₦700–₦720 per litre and is already causing concern …
