Dangote lost $4.9 billion over recession

The President of Dangote Group and Africa’s wealthiest individual, Alhaji Aliko Dangote lost $4.9 billion or 33% of his riches, as the joined impact of falling oil costs and the naira cheapening in June pushed him to the 112th wealthiest…

EnviroNews launches mobile app

#Updated: Leading online environment and development magazine, EnviroNews Nigeria, has launched an Android version of its mobile app. The mobile app makes it easy and convenient for its readers across the world to access the medium’s multimedia news and stories…

Nigerian Naira loses a third in value in 2016

Nigeria’s naira currency lost around a third of its official value against the dollar in 2016 while the stock market declined 6.17 percent over the same period, reflecting the economic crisis in Africa’s biggest economy. The currency closed at 305…