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Category: Economy and Capital Markets
Dangote To Meet Marketers Over New Petrol Price
Dangote Refinery and petroleum marketers in Nigeria will hold talks on Tuesday and Wednesday to finalize agreements on the cost and lifting of petrol from the plant. It was learnt…
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Dangote to start crude exploration soon,Report
Amid feedstock challenges, the Dangote Group, owners of the Dangote Refinery, will soon commence crude oil exploration. According to reports by S&P Global Commodity Insights, the Dangote Group is looking…
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Tax Payment : FIRS Launches *829# USSD Code
In a bid to enhance ease of doing business, the Federal Inland Revenue Service (FIRS), on Wednesday, launched an Unstructured Supplementary Service Data (USSD) Code *829# specifically targeted at improving…
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FG’s FDI Revenue Drops To $29.83m — NBS
The Federal Government’s revenue from Foreign Direct Investment (FDI) into Nigeria took a significant hit in the second quarter of 2024, dropping to $29.83 million, according to the latest report…
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Suspend Crude-For-Loan Deals,Dangote To Federal Govt
The President of Dangote Group, Alhaji Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke…
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Report Says Dangote Refinery May Raise Nigeria’s GDP To $322bn
Dangote Oil Refinery will raise Nigeria’s Gross Domestic Product to $322bn by 2025, according to a new report. The report, titled ‘Impact of Dangote Refinery on the Nigerian Economy’, which…
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Investors gain N121bn as stock market returns 0.33% WtD
The Nigerian equity market gained N121bn last week, with the All-Share Index appreciating by 0.21 per cent to close at 98,458.68 points, while market capitalisation reached N56.578tn. A total turnover…
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World Bank approves $1.57bn loan for Nigeria
The World Bank has again approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal…
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Petrol landing cost drops to N981, Oil marketers reveal
The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol…
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Allow independent marketers lift fuel from Dangote refinery, Reps urge FG
The House of Representatives, on Thursday, urged the Federal Government to direct the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery to allow independent marketers to commence the…
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