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BUSINESSSep 14Syria fuel crisis exposes risks for Nigeria, other nationsBy Udeme Akpan Syria’s latest fuel crisis has highlighted the vulnerability of countries that depend heavily on imported crude, refined products or foreign energy supplies, with implications for Nigeria and other developing economies.Syria raised diesel prices by 40% and gasoline prices by up to 28% following rising global procurement costs and disruptions to its domestic […] The post Syria fuel crisis exposes risks for Nigeria, other nations appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14Benin-Asaba road: Daramola seeks motorists’ patienceThe Benin-Asaba Expressway Concession Company Limited (BAECC) has appealed to motorists and communities along the corridor to exercise patience as it prepares to accelerate permanent construction works on the 125-kilometre highway. Chief Executive Officer of BAECC, Samuel Daramola, made the appeal in a statement on Monday, saying the company remained committed to delivering the project […] The post Benin-Asaba road: Daramola seeks motorists’ patience appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14Inside Dangote’s Push To Put Africa’s Biggest Refinery In More HandsBeyond expanding industrial footprint, the IPO incorporates protective economic benefits for everyday households, with Aliko Dangote pointing to dollar-denominated dividend returns. The post Inside Dangote’s Push To Put Africa’s Biggest Refinery In More Hands appeared first on Channels Television.Channels TV
BUSINESSSep 14Dangote Refinery’s 1.4m-bpd expansion dependent on crude supply concernsThe company said its refining operations require a continuous and reliable supply of crude oil, noting that any interruption, delay or reduction in availability could affect its ability to operate efficiently. The post Dangote Refinery’s 1.4m-bpd expansion dependent on crude supply concerns appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14Nigerian government raises ₦729 billion bond to tackle power sector debtThe Federal Government has raised ₦728.9 billion through the Series 2 issuance under its ₦4 trillion Power Sector Multi-Instrument Issuance Programme, bringing the total raised under the debt reduction programme to more than ₦1.1 trillion. The post Nigerian government raises ₦729 billion bond to tackle power sector debt appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14LeBron as a star as Angola aims to profit from E1 racesL'Angola espère que l'organisation de la série E1 stimulera le tourisme après la présence de la star de la NBA, LeBron James, à la première course de bateaux électriques dans la capitale, Luanda.BBC Afrique
BUSINESSSep 14Dangote refinery opens to public ownership in Africa's biggest IPODangote has defended the figure and plans to expand capacity to 1.4 million barrels per day, potentially making it the world's largest refinery.Africanews [en]
BUSINESSSep 14Nigeria rejoins J.P. Morgan Global Bond Index after 11 yearsNigeria’s inclusion in a J.P. Morgan global bond index is expected to attract about $17.5 billion into the country’s debt market and lower bond yields by up to 200 basis points. The post Nigeria rejoins J.P. Morgan Global Bond Index after 11 years appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14Africa's richest man launches continent's biggest share saleNigerian billionaire Aliko Dangote says he wants ordinary people to share in the success of his oil refinery.BBC World
BUSINESSSep 14Group tasks media, CSOs to intensify checks on illicit financial flowsANEEJ warns that illicit financial flows are draining Nigeria’s public resources and urges the media and civil society to intensify investigations, asset tracing and accountability efforts. The post Group tasks media, CSOs to intensify checks on illicit financial flows appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14Bamboo, Cowrywise down due to Dangote Refinery IPO subscription trafficThe two investment platforms confirmed the disruptions in separate posts on X on Monday. The post Bamboo, Cowrywise down due to Dangote Refinery IPO subscription traffic appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14NNPC activates multiple pathways to transform Nigeria into global gas hub —OfficialNNPC says it is pursuing multiple pathways to expand Nigeria’s gas production, boost domestic utilisation and strengthen its position as a major global LNG supplier. The post NNPC activates multiple pathways to transform Nigeria into global gas hub —Official appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14Why did West African Resources’ (ASX:WAF) ASX 200 profit track gold prices?West African Resources (WAF) has released fresh market news — here’s the confirmed fact, its sector context, and the open questions that remain.kalkinemedia · australia
BUSINESSSep 14Nigeria: What's the real motivation behind Dangote's IPO 'for the people?'Dangote is seeking $1.6 billion from investors to finance a $14.3 billion expansion and thus double the refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?DW News [en]
BUSINESSSep 14IPO 'for the people' is out of reach for many in NigeriaDangote seeks $1.6 billion from investors to finance a $14.3 billion expansion and thus double the oil refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?DW News [en]
BUSINESSSep 14I don’t want to be called richest man in Africa — DangoteLAGOS — President of Dangote Industries Limited, Aliko Dangote, has said he no longer wants to be described as the richest man in Africa, saying he would rather be recognised for creating wealth and opportunities for others. Dangote made the remarks on Monday while sounding the gong at the Nigerian Exchange (NGX) in Lagos to […] The post I don’t want to be called richest man in Africa — Dangote appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14I got first private jet at 22 — DangoteLAGOS — President of Dangote Industries Limited, Aliko Dangote, has disclosed that he acquired his first private jet at the age of 22 and a half. Dangote made the disclosure on Monday at the Nigerian Exchange in Lagos during the formal launch of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals. Reflecting […] The post I got first private jet at 22 — Dangote appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14High petrol price: NNPC to boost gas supply to CNG operators— Nigeria targets global gas opportunities By Obas Esiedesa, Bangkok The Nigerian National Petroleum Company Limited (NNPC Ltd) has said it is increasing gas supply to operators in the Compressed Natural Gas (CNG) value chain as part of efforts to cushion Nigerians from the impact of high petrol prices. Executive Vice President, Gas, Power and […] The post High petrol price: NNPC to boost gas supply to CNG operators appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14Domestic Airlines Delayed Over 4,000 Flights, Cancel 36 Others In AugustAccording to the Authority, 15 carriers operated 7,961 flights during the period, with 59.9 per cent of their operations affected by delays. The post Domestic Airlines Delayed Over 4,000 Flights, Cancel 36 Others In August appeared first on Channels Television.Channels TV
BUSINESSSep 1447 applicants lose N51.8m to fake Cross River LG jobsBy Ike Uchechukwu CALABAR — No fewer than 47 applicants lost more than N51.8 million after allegedly paying individuals who claimed they could secure local government appointments for them in Cross River State, the state government’s investigative panel has found. Chairman of the Cross River State Local Government Service Commission, Nsa Ekpo, disclosed this on […] The post 47 applicants lose N51.8m to fake Cross River LG jobs appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14Nigeria, India aim to rebuild trade to $15bn as Modi pushes for more crude purchases—Expand cooperation in defence, pharmaceuticals, digital technology, fintech, renewable energy, creative industries By Johnbosco Agbakwuru ABUJA — NIGERIA and India have agreed to strengthen their strategic economic ties, with India seeking to resume crude oil purchases from Nigeria as both countries work to restore bilateral trade to its previous peak of nearly $15 billion. The […] The post Nigeria, India aim to rebuild trade to $15bn as Modi pushes for more crude purchases appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 14Dangote Refinery IPO: SEC Warns Public Against ‘Unofficial’, Fraudulent PlatformsThe public offer is expected to raise approximately N2.15 trillion, making it one of the largest equity offerings ever undertaken in Africa. The post Dangote Refinery IPO: SEC Warns Public Against ‘Unofficial’, Fraudulent Platforms appeared first on Channels Television.Channels TV
BUSINESSSep 14Dangote Refinery to give retail investors 1 extra share for every 10 held annually in first two years of listingAccording to Mr Eseka, under the retail incentive programme, investors who subscribe for a minimum of 10 shares and hold them continuously for 12 months will receive one additional share. The post Dangote Refinery to give retail investors 1 extra share for every 10 held annually in first two years of listing appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 14Nigeria, India Target $15bn Trade Revival As Modi Seeks Renewed Crude PurchasesBeyond the oil sector, both countries agreed to strengthen cooperation in key areas, including fintech, digital public infrastructure and the creative industries. The post Nigeria, India Target $15bn Trade Revival As Modi Seeks Renewed Crude Purchases appeared first on Channels Television.Channels TV
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