Day: August 5, 2025

Afreximbank leads $4 Billion Refinancing Deal for Dangote Refinery

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Dangote Industries Limited is the beneficiary of a $1.35 billion credit arrangement inked with Afreximbank. The credit is a component of a broader $4 billion syndicated financing agreement for Dangote Industries Limited, in which Afreximbank served as the Mandated Lead Arranger, according to a statement from the continental bank. This financing will refinance capital spent on building the Dangote Petroleum Refinery and Petrochemicals Complex, the largest single-train refinery in the world with a capacity of 650,000 barrels per day. It is one of the largest syndicated loans in recent African…

Morayo Brown Steps Down as ‘Your View’ Host on TVC

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After 12 years at TVC Communications, Morayo Afolabi-Brown, the longtime anchor of Your View and managing director of TVC Entertainment, has formally left. Her final day of employment will be Thursday, August 29, 2025, according to a statement released on Monday by Edward Akintara, TVC Manager, PR, Corporate Communications & Marketing, confirming her resignation. According to the network, Morayo decided to resign in order to focus on a long-standing passion project that she had been nurturing for a long time. The statement said, in part, “We honor her for the…

Titanic sub disaster caused by operator failures — Report

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A final study released Tuesday details how a private submersible visiting the Titanic site in 2023 died because to several disregards for fundamental safety procedures. The high-profile accident that claimed the lives of all five passengers was caused by a long list of problems with OceanGate’s operations and design defects in its Titan submersible, according to the US Coast Guard inquiry. “The primary causal factor” for the implosion, according to the study, was OceanGate’s disregard for established engineering processes for the safety, testing, and maintenance of their submersible. Additionally, it…

Court remands suspected Lagos assassin, Olori Esho

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On Tuesday, an Ikeja Magistrate Court in Ogba, Lagos State, remanded 44-year-old Wasiu Akinwande, popularly known as Olori Esho, in the Kirikiri Correctional Center on charges of serial murder. His remand for the first 30 days was issued by Magistrate Mobolaji Tanimola, pending legal advice from the Directorate of Public Prosecution office. Esho was charged with eleven counts that included conspiracy, murder, attempted murder, illicit firearm possession, membership in an illegal society, possession of a poisoned dagger, threats to life, severe bodily harm, and possession of other weapons. The Nigeria…