BUSINESS

No fewer than 13 black persons made up the 2,153 people who made the Forbes list of the World’s Billionaires for 2019. The list of black persons improved from 11 a year ago. Nigerian Cement tycoon, Aliko Dangote is still the richest black person in the world with a fortune estimated at $10.9 billion. He’s closely followed by Nigerian oil and telecoms mogul, Mike Adenuga. American businessman, David Stewart, who is the majority owner of World Wide Technology, an…

Nigeria has lost its most valued crude oil buyers, even as its erstwhile gas customers are now competing with it, the Department of Petroleum Resources said on Monday. The Director, DPR, Mr Mordecai Ladan, said the oil and gas industry seemed to be under a new threat, which he described as the renewed dislike and global war against fossil fuels and the quest for renewable and cleaner energy. “Over the years, the threat against fossil…

Africa’s richest man,Aliko Dangote, has said he will consider buying another football club if Premiership club Arsenal won’t be sold to him. Dangote, who is a fan of the club has been wanting to buy the British club for years. He says he’ll make a move only after he has completed one of the world’s biggest oil refineries in Lagos. “By the time we’ve finished, we’ll be a $30bn company in terms of revenue,” he said in…

The National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have threatened to shut down the country over a labour dispute involving Chevron Nigeria Limited (CNL) management and the staff. The warning was contained in a joint statement at the weekend by Comrade Lumumba Okugbawa, PENGASSAN General Secretary and Comrade Adamu Song, NUPENG General Secretary. It lamented the ways and manners the Chevron…