Aliko Dangote, the CEO of Dangote Refinery, shed light on the financial underpinnings that have supported one of Africa’s most ambitious industrial projects over the last decade.  From 2013 to 2023, the refinery managed to secure a total of $2.7 billion in loans from the Central Bank of Nigeria (CBN).  This funding, while substantial, prompts … The post Why Did the CBN Only Loan $2.7 Billion to Dangote’s Refinery Over Ten Years? appeared first on Business Elites Africa ..read more

Do you find yourself scraping the bottom of your wallet way before the next payday? You’re not alone. It’s tempting to think the solution is just more money or that inflation is to blame.  However, often, the real culprit lies in our spending habits. Let’s check why your bank account might be gasping for air … The post Why Do You Run Out of Money Every Month appeared first on Business Elites Africa ..read more

Drug lords have captured public and media attention for decades, not just because of their elusive nature but also due to the vast empires of crime they build.  These kingpins manage extensive networks for trafficking drugs globally, often accompanied by violence and corruption at every level.  Their stories are fraught with battles for power, immense … The post 5 Most Feared Drug Lords in the World appeared first on Business Elites Africa ..read more

A recent study by StatiSense, a global data and business intelligence platform, has disclosed that Nigerians logged over 162 million visits to pornographic and betting websites in June 2024. This information was part of a broader analysis detailing the top ten websites frequented by Nigerians via mobile devices last month, with a considerable volume of … The post Over 162 Million Visits to Porn and Betting Sites by Nigerians in June -StatiSense appeared first on Business Elites Africa ..read more

In 2023, hunger wasn’t just a distant news headline—it was a harsh reality for over 733 million people worldwide. That’s about one in every eleven people on the planet. In Africa, the situation is even more dire, with one in every five people grappling with hunger.  This striking disparity highlights a global crisis that disproportionately … The post How Hunger Hits 733 Million, Africa Suffers Most appeared first on Business Elites Africa ..read more

Researchers funded by the European Union are making exciting strides in healing damaged skin and bones using silkworms and shrimps. The project explores how these natural materials can help regenerate human tissue. The goal is to find new ways to address the growing need for surgeries and transplants due to illnesses, accidents, or ageing. The … The post Silkworms and Shrimps: New Hope for Skin and Bone Repair, EU Research Shows appeared first on Business Elites Africa ..read more

Throughout history, many women have made breakthroughs in science and technology, only to remain uncredited or overshadowed by their male counterparts due to prevailing sexist attitudes.  This article shines a light on several remarkable women whose inventions and discoveries have had a lasting impact, yet were attributed to men. Ada Lovelace  In the mid-1800s, Ada … The post Inventions and Discoveries by Women That Were Credited to Men appeared first on Business Elites Africa ..read more

The Nigerian National Petroleum Company Limited (NNPCL) is now accepting applications for a variety of job openings, welcoming both new graduates and experienced professionals to apply. NNPCL is looking for smart and driven individuals to take on various positions within the organisation. To apply, please use the official website: [NNPCL Careers](https://careers.nnpcgroup.com). Remember, applications are only … The post Are You Eligible for NNPC Recruitment 2024? Check Your Qualifications appeared first on Business Elites Africa ..read more

Dangote Cement has been a standout performer in Nigeria. Recently, they’ve posted a pre-tax profit of N293 billion for the first half of 2024, marking a significant 22% increase from last year. Despite such impressive growth, a staggering detail has emerged: the company is set to pay N103 billion in taxes.  That’s nearly half of … The post Dangote Cement: Is Paying Half of Profit as Tax Viable for Business? appeared first on Business Elites Africa ..read more

World leaders often draw public and media scrutiny over their salaries. While these salaries are high, they often pale in comparison to the vast discrepancies seen in some nations between the earnings of a head of state and their citizens. For example, in Nigeria, the president’s salary is 123 times the new minimum wage. This … The post 10 World Presidents with the Highest Salaries appeared first on Business Elites Africa ..read more