Dangote Refinery Boosts US Crude Oil Purchases Ahead Of Full Operations
Dangote Refinery has initiated tender to buy 6 million barrels of US crude, increasing American feedstock inflows significantly.
Dangote Refinery has initiated tender to buy 6 million barrels of US crude, increasing American feedstock inflows significantly.
CBN’s Cardoso says ongoing recapitalisation process would build a resilient banking sector capable of withstanding future economic shocks.
Financial Derivatives CEO Bismarck Rewane says debt accumulation is not inherently bad but misuse can trap Nigeria in economic instability.
Nigeria has announced a $250 million green bond issuance for climate projects in September 2024 to attract private investors.
The African Petroleum Producers’ Organisation has urged member countries to contribute $83 million each towards establishing the Africa Energy Bank.
IONNA plans to install 30,000+ charging ports in North America by 2030, expanding EV infrastructure significantly.
Microsoft confident in OpenAI’s direction has dropped observer seat amid regulatory scrutiny over $10 billion investment and control concerns.
NNPC is negotiating a $2 billion loan, backed by crude oil, to enhance its finances and support production, Reuters says.
Gillis-Harry has warned that rising petroleum prices could reduce Nigerians’ buying power, impacting retail outlet owners.
“I don’t know how we’re going to survive the kind of interest rate regime that we have now,” says Sanwo-Olu.
Finance Minister Edun says SEC needs to adapt to AI and digital currency trends for effective guidance and necessary approvals.
The World Bank has appointed Ndiamé Diop as Nigeria’s country director, aiming to deepen partnerships and accelerate Nigeria’s economic progress.
Aviation Minister Keyamo says Nigerians should choose Air Peace for their trips, stating, “It’s our airline, we must patronise it.”
“The government of Nigeria has added no value to our electricity system,” says former Rivers State power consultant Onikoyi.
A report on Nigeria’s informal economy showed 47.5% of businesses save through cooperatives, 39.5% use digital banks, 11% use traditional banks.
Access Holdings Plc has launched its N351 billion rights issue, offering 17.8 billion shares at N19.75 each.
Trade Minister Uzoka-Anite, has outlined the government’s commitment to supporting MSMEs through grants, policy development, aiming to boost job creation
S&P Global has highlighted Dangote Refinery’s capacity to enhance Nigeria’s oil sector and reduce the need for fuel imports.
Dele Alake has announced new rates for mining licences and permits, aimed at boosting the sector’s contribution to economic growth.
CORAN has declared support for Senate’s probe into substandard diesel Imports, says it is crucial in addressing challenges in the sector.
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