Aliko Dangote, Africa’s richest man, is preparing to list about 10% of his oil refining company on multiple African stock exchanges. This move aims to raise funds for the next phase of expansion across his industrial empire. The listing will involve Dangote Petroleum Refinery and Petrochemicals FZE, with Dangote confirming that shareholders will receive dividends in…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the country has no intention of seeking IMF loans International Monetary Fund, even as fiscal pressures mount. Edun shared this during a press briefing on Thursday at the ongoing IMF-World Bank Spring Meetings in Washington, DC. Key Highlights from the…
Retired actress Christina Applegate, 54, has reportedly been hospitalized in Los Angeles, according to TMZ. She was admitted in late March, though details about her condition remain unclear. It’s also uncertain if her hospitalization is related to her multiple sclerosis (MS) diagnosis, which she first disclosed in 2021. A representative told the outlet that Applegate…
Nigeria has stepped up efforts to host the African Union’s (AU) African Monetary Institute (AMI), a key body expected to drive financial integration across the continent. The renewed push was highlighted during the ongoing IMF and World Bank Spring Meetings in Washington DC. Where Nigerian officials reaffirmed their readiness to meet all hosting requirements. The…
The African Democratic Congress (ADC) has clarified that the tenure of its newly elected executives will begin on May 12, 2026. In a statement on Friday, Bolaji Abdullahi, the party’s spokesperson, said the new officers cannot assume office until the expiration of the tenure of the current executives and their formal inauguration. Abdullahi said the…
The African Democratic Congress (ADC) has clarified that the tenure of its newly elected executives will begin on May 12, 2026. In a statement on Friday, Bolaji Abdullahi, the party’s spokesperson, said the new officers cannot assume office until the expiration of the tenure of the current executives and their formal inauguration. Abdullahi said the…
The federal government has introduced a fully digital platform for the authentication and evaluation of academic credentials. In a statement by Boriowo Folasade, director of press and public relations at the Federal Ministry of Education, the move is part of efforts to improve transparency, strengthen data management, and enhance service delivery in the education sector….
Ogun State Governor, Dapo Abiodun, has approved a weekly day off and a ₦10,000 monthly transport allowance for public servants in the state as part of measures to cushion the hardship caused by rising fuel prices. The relief package, which takes effect from April 2026 and will run for three months, was announced in a…
The Industrial Training Fund (ITF), in partnership with the Cement Technology Institute of Nigeria (CTIN). Has unveiled a major plan to train 100,000 artisans across Nigeria in a bid to tackle the country’s growing construction challenges. The programme, set to launch on April 21, 2026, at Eko Hotels and Suites in Lagos, will bring together…
By ALO360 Editorial Board A recent report by the Daily Trust puts Nigeria’s rising debt in simple terms: as of December 2025, the country’s total public debt of N159.28 trillion amounts to about N724,000 per Nigerian. Strip away the figures, and the implication is straightforward — the country is borrowing heavily, and the bill will…
