Kogi State government had last Wednesday sealed Dangote Cement’s factory located in Obajana over alleged tax evasion and equity ownership.

They are bold, audacious and ready to take Nigeria to new frontiers

The state government and the company have been at loggerheads following the government’s move to seal off the Obajana Cement Plant.

It suspended flights to Johannesburg August 2022 when it couldn’t cope with high cost of aviation fuel and low passenger traffic due to failure of South African Embassy to issue visas to Nigerians.

They proposed the use of equity to finance the deficit, saying Nigeria got to the current deficit level because of reliance on debt in the past.

They said it was alarming Kogi could shut down a plant providing jobs and sustaining economic activities over alleged non-payment of taxes.

The Committee recommended that: Kogi State should recover all accrued dividends from profits made over the years, including accrued interest.

Executive Chairman Femi Otedola said “the listing of the company was the actualisation of a vision to bring world-class standards in governance, sustainability, and business processes to the Nigerian electricity sector.”

The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about $90 from $120 three months ago.

CEO Kyari said the federation is to decide how the funds will be deployed.

This was just as the World Bank on Tuesday stated that Nigeria’s growth prospect was being stifled by its underperforming oil sector which it noted was also creating fiscal imbalances.

The Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion.

Both countries agreed to mobilise international efforts on a roadmap for Libyan elections.

Oil prices rallied on Monday on renewed concerns about supply tightness. 

The group is expected to make the resolution against the backdrop of falling oil prices and months of severe market volatility.

OVH is the owner and operator of the Oando- branded retail service stations across the country.

Musk told the crowd, many of whom might be hired by Tesla, that the robot can do much more than the audience saw Friday.

This would mean customers can’t carry out transactions on their phones with USSD codes which are operated without the use of data and mobile apps.

They observed that there could be drastic slump in domestic passenger traffic in 2022.

Afreximbank developed the product specifically to address the banking challenges confronting African economies.