Gridlock in Nigeria amid fuel shortages and price hikes
Nigerians have been hit by a double whammy of chronic fuel shortages and a hike in prices by the state-owned oil company. The Nigerian National Petroleum Corporation (NNPC), which imports the country’s fuel and distributes it to private sellers, blamed its debts and rising global prices for its difficulty in getting fuel. Many people have […]
SA billionaire Johann Rupert overtakes Aliko Dangote as Africa’s richest man
South African billionaire Johann Rupert has overtaken Nigerian industrialist Aliko Dangote as Africa’s richest person, according to the latest data from the Bloomberg Billionaires Index. Mr Rupert controls Richemont, one of the world’s largest luxury goods firms, which owns brands like Cartier and Montblanc. His net worth has surged by $1.9bn to $14.3bn, placing him at […]
