Ayo Akinfe
No matter how you look at it, the world’s largest black nation should be seated at the high table of humanity. At some stage it is inevitable we will be because we live in a changing world. For instance, China is now the world’s second largest economy, so a G-7 meeting without Beijing present is comical. Nigeria’s...
Ayo Akinfe
Do you know that jollof rice originated in Senegal? It is the traditional delicacy of the Wollof people but alas, today, Nigeria has cornered it and made it her own
If Nigeria was a functioning economy, by now one mega conglomerate like maybe Dangote Industries would have patented jollof rice and cornered the global...
STATE-owned oil conglomerate the Nigerian National Petroleum Corporation (NNPC) has expressed an interest in purchasing a 20% stake in the new Dangote Refinery that has just been commissioned in Lagos State.
Due to be a 650,000 barrels per day integrated refinery and petrochemical project, the Dangote refinery in the Lekki...
NIGERIA'S three wealthiest men have seen their combined wealth increase by $5.7bn over the last year to $22.5bn according to data contained in the recently-published Forbes’ 2021 World’s Billionaires List.
In the list published yesterday, Alhaji Dangote, Africa's richest man, saw his net worth jump to $11.5bn from $8.3bn...
Ayo Akinfe
(1) Sell it to a steel company at a giveaway price to convert it into a manufacturing plant. Just imagine how Corus Steel would love the gift of a readymade plant
(2) Invite oil companies to come and buy it and convert into a facility that can rival Dangote’s Lekki plant. Dangote’s facility can meet all Nigeria’s...
Ayo Akinfe
(1) With the casualty rate from the herdsmen saga growing by the day and the number of farms destroyed by roaming livestock on the increase, something drastic needs to be done immediately. This is not just a law and order issue, Nigeria needs to tackle it from an economic angle too. What happens when food...
Ayo Akinfe
(1) I for one am dead scared about Nigeria’s economic prospects in 2021. We are simply not going to sell the quantities of crude oil required at the needed prices for the government to afford any new capital projects
(2) With the African Development Bank pointing out that we have an annual infrastructural deficit of...
Ayo Akinfe
(1) Last week, India’s Tata Group increased its stake in AirAsia India to 84% from 51%
(2) Do you know that the Tata Group owns Jaguar Land Rover?
(3) Tata Tea bought Lipton Teabags to consolidate its domination of the global tea market
(4) Tata Steel is among the top producing companies in...
NIGERIA has resumed importing refined petrol from China with 37,000 tonnes bought during the course of September as the nation grapples with the fact that its three refineries are not working and it will remain a net importer despite being a big crude oil producer.
Rather embarrassingly, Nigeria is a big petrol importer...
Ayo Akinfe
(1) They could have floated a Niger Delta Petroleum Company to bid for oil blocks
(2) They could have built a massive refinery as Aliko Dangote has just done
(3) They could have created a regional company like Odua Investment Industries which could have bought stakes in oil companies like Shell,...
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