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Category: Economy and Capital Markets
Oil Firms, Dangote Sign Deal For Affordable Petrol Supply
The Dangote Petroleum Refinery says Heyden Petroleum and Ardova Plc have joined it to ensure the supply of affordable Premium Motor Spirit (petro) in Nigeria. The Dangote refinery in a…
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Nigeria, Others Lose Investments Due To Inefficiencies
The World Bank has said that inefficiencies in public spending are costing developing nations a significant portion of their investments. Nigeria is among the developing nations of the world. The…
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Nigeria and others lose $1.6bn daily to illicit flows
The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on the part of multinationals operating in Africa. This…
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World Bank lowers lending rate, adding $30B to available financing
The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The move is part of broader efforts to expand financial capacity…
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Nigerian Applaud Dangote/MRS Alliance As Petrol Price Is Slashed To ₦935/Litre Nationwide
MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of ₦935 per litre across all its retail service stations nationwide.…
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Nigeria Inflation May Drop To 34.5% In December, Report Says
Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024. In a report by Afrinvest Research on Saturday, this moderation is attributed to…
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MRS slashes pump price to N935 per litre after partnership with Dangote refinery
Nigerians are buying Dangote Petrol at a reduced price of N935 per litre across MRS filling stations nationwide, N105 cheaper than the price sold at the Nigerian National Petroleum Company…
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Dangote Refinery reduces fuel prices and sells at ₦899.50 per litre.
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to ₦899.50 per litre, in a bid to offer Nigerians some relief as the holiday season approaches.…
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LASG SIGNS MOU WITH COMMONWEALTH COUNCIL FOR COLLABORATION ON TRADE, INVESTMENT
Summit, which will be held in the city of London in April 2025, to meet investors and showcase the best of what Lagos can offer. She said: “We would like…
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Bank Workers Blame CBN Naira Shortage
The Association of Senior Staff of Banks, Insurance, and Financial Institutions has attributed the worsening cash shortage across the country to the Central Bank of Nigeria’s inability to meet the…
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