My refinery has stored over N600bn worth of fuel ― Dangote
Aliko Dangote, president of Dangote Industries Limited (DIL), has revealed that the Dangote Petroleum Refinery has enough petrol in storage
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Nigerian manufacturers breathe easier as FX scarcity eases
By Mary Adenike The scarcity of foreign exchange in Nigeria is gradually easing as more manufacturers reported an improvement in
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Dangote: IBB asked five Nigerians to pay N1m each for oil blocks
The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said on Thursday that Ibrahim Badamosi Babangida, former head
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Jumia’s annual loss narrows to $97.6m as liquidity rises
Jumia Technologies AG, listed on the New York Stock Exchange, saw its loss before income tax from continuing operations narrow
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CBN holds interest rate for first time since May 2022
By Mary Adenike The Central Bank of Nigeria left its key interest rate unchanged at 27.5 percent at the end
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75% of businesses plagued by borrowing costs; CBN makes rate decision today
By Mary Adenike Three-quarters of businesses in the private sector identified high interest rates as the top business constraint last
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Flutterwave adds Swap to Send App to boost access to FX
Flutterwave, a payments technology company, has announced that its foreign currency exchange solution, Swap, is now accessible through Send App.
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Nigerian drugmakers’ fortunes improve on forex stability, waivers
By Mary Adenike Some major Nigerian pharmaceutical companies reported an improvement in their financial performance for 2024 largely due to
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Dangote poised to double capacity of Ethiopian cement plant
Dangote Group is on track to double the production capacity of its cement plant in Ethiopia to 5 million tonnes
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Bulk of petrol at our Lagos stations sourced from Dangote refinery — NNPC
The Nigerian National Petroleum Company (NNPC) has said a significant percentage of the petrol sold at its retail stations in
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