Dangote Refinery Begins Supply of Diesel, Jet Fuel to Nigerian Market To save Nigeria scarce FX from fuel imports Brent oil hits $89, highest price this year
Emmanuel Addeh in Abuja The 650,000 mega Dangote oil
refinery started supplying petroleum products to the local market yesterday, a company executive
and fuel marketing associations told Reuters. Seen as a major step in the coun-
try's quest for energy independence, the refinery, Africa's largest, was built on a peninsula on the outskirts of
the commercial capital, Lagos, at a cost of $20 billion by the continent's richest man, Aliko Dangote, and
was completed after several years Continued on page 10
Wike: I've Cut Ties With Odili, Calls Rivers Elders Political Vampires... Page 12 Wednesday 03 April, 2024 Vol 29. No 10584. Price: N400
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Dangote, Adenuga, Rabiu, Otedola Emerge Only Nigerians on Forbes’ World Billionaires List 2024 World records 2,781 billionaires worth $14.2tn Arnault, Musk, Bezos top global richest roll call
Emmanuel Addeh in Abuja Forbes Magazine yesterday released
the 38th edition of its World Billionaires List for 2024, with Aliko Dangote, Mike Adenuga,
Abdulsamad Rabiu and Femi Continued on page 10
Dangote
Adenuga
Rabiu
Otedola
Report: FG Set to Triple Electricity Tariffs for Urban Areas, Price May Hit N200/kWh Decision to be implemented within weeks Govt to cut power subsidy to ease pressure on public finances Emmanuel Addeh in Abuja The federal government is planning to almost triple energy prices within weeks, people in the presidency with knowledge of the matter have said, in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs. Separate reports by Bloomberg and Reuters said power companies will be allowed to raise prices to N200 naira ($0.15) per kilowatt-hour
from N68 naira for urban consumers this month. The sources asked not to be identified because they aren’t authorised to speak on the matter. The customers, Bloomberg said, represent 15 per cent of the population that the government says consume 40 per cent of the nation’s electricity. Nigeria’s economy has been hobbled by the lack of power Continued on page 10
Renaissance Capital: Naira 30% FAYE SWORN IN AS SENEGAL'S PRESIDENT... Bola Ahmed Tinubu (L) congratulating the newly sworn in President of Senegal, Bassirou Diomaye Diakhar Faye during the swearing Undervalued, Cheapest in Africa... Page 5 President in ceremony in Dakar.... yesterday