Canada has announced it will scrap its controversial Digital Services Tax (DST) on U.S. tech giants, paving the way for the resumption of stalled trade negotiations with the United States. In a statement released Sunday, Finance Minister Francois-Philippe Champagne confirmed the reversal of the tax, which had prompted U.S. President Donald Trump to abruptly end…
By Ayomide Otitoju Dangote Petroleum Refinery has launched a ₦720 billion investment initiative to deploy 4,000 Compressed Natural Gas (CNG)-powered trucks across Nigeria, a move projected to save the country over ₦1.7 trillion annually in petroleum product distribution costs. In a statement on Sunday, the refinery’s media team disclosed that beginning August 15, Dangote will…
By Ayomide Otitoju Communities in Ibese, Itori, and Ijebu-Igbo were filled with excitement as the Aliko Dangote Foundation (ADF) extended its National Food Intervention Programme to over 30 host communities, distributing more than 3,000 bags of rice to vulnerable residents. The donation, aimed at alleviating hunger and supporting food security, covered host communities of Dangote…
By Ayomide Otitoju The Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has lauded Africa’s richest man and President/Chief Executive of Dangote Industries Limited, Aliko Dangote, for his outstanding contributions to Nigeria’s capital market and economic growth. Kwairanga made the remarks during a courtesy visit by capital market stakeholders to the…
By Ayomide Otitoju FirstBank, a leading financial institution in West Africa, has won the prestigious Gold Award for Best Corporate University in Social & Climate Change at the 2025 Global Council of Corporate Universities (GlobalCCU) Awards. The accolade was conferred on FirstBank’s learning and development arm, FirstAcademy, in recognition of its exceptional commitment to embedding…
South Korea’s new President Lee Jae Myung on Thursday appealed to lawmakers to approve a 30.5 trillion won ($22.5 billion) supplementary budget to address the country’s deepening economic woes, marking his first address to parliament since taking office. Lee assumed the presidency earlier this month following the impeachment of former President Yoon Suk Yeol, who…
By Ayomide Otitoju Oil giant Shell on Thursday denied media speculation suggesting it was preparing a takeover bid for rival BP, firmly stating that no discussions had taken place and confirming it was not considering such a move. Responding to a report by The Wall Street Journal, which claimed Shell had explored the possibility of…
By Ayomide Otitoju Shareholders of Dangote Cement Plc have approved a final dividend of ₦30 per share for the 2024 financial year, amounting to a total distribution of ₦506.21 billion. The dividend represents a yield of 6.81%, based on the current market price of ₦440 per share. The approval came at the company’s 16th Annual…
By Ayomide Otitoju From London to Los Angeles, Chinese toymaker Pop Mart’s quirky monster doll, Labubu, is making waves globally—drawing crowds to retail stores and catching the attention of celebrities like Rihanna and Cher. The wide-eyed, fanged figurines, sold in $40 “blind boxes,” have become unexpected ambassadors of Chinese pop culture, subtly reshaping global perceptions…
