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BUSINESS4d agoDangote Refinery targets 1.4mbpd capacity by 2029By Daniel Abia PORT HARCOURT — President of Dangote Group, Aliko Dangote, has said the Dangote Petroleum Refinery plans to increase its production capacity from 500,000 barrels per day to 1.4 million barrels per day by early 2029. The company has also assured small investors that they would be accommodated in its ongoing initial public […] The post Dangote Refinery targets 1.4mbpd capacity by 2029 appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4d agoNigeria targets over 4% growth as reserves top $54bn — FGBy Chidinma Chukwu, Abuja The Federal Government has projected economic growth of more than four per cent in 2026, with external reserves exceeding $54 billion and inflation declining to about 15 per cent, citing the figures as evidence of progress under President Bola Tinubu’s economic reforms. The Minister of Information and National Orientation, Mohammed Idris, […] The post Nigeria targets over 4% growth as reserves top $54bn — FG appeared first on Vanguard News.Vanguard Nigeria
BUSINESS4d agoIMF Urges Targeted Cash Transfers For Nigeria’s PoorThe Economic Counselor at the Fund, Silvana Tenreyro, also projected Nigeria’s growth as 4.3 per cent by 2027, outpacing advanced economies like the United Kingdom, Canada and Germany. The post IMF Urges Targeted Cash Transfers For Nigeria’s Poor appeared first on Channels Television.Channels TV
BUSINESS4d agoBroadcom CEO sees viable OpenAI business but warns of AI funding constraintsThe CEO of Broadcom believes OpenAI's business model is viable but also cautioned about potential funding limitations for artificial intelligence development.Seeking Alpha Tech
BUSINESS4d agoWhy Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculationHaidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...South China Morning Post
BUSINESS4d agoMiddle East and Central Asia’s economy to shrink in 2026 amid war, IMF saysIraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.Al Jazeera [en]
BUSINESS4d agoPublicis Groupe S.A. reports Q3 results; reaffirms FY2026 guidancePublicis Groupe S.A. announced its third-quarter financial results and reaffirmed its fiscal year 2026 guidance, providing an update on its financial performance.Seeking Alpha Tech
BUSINESS4d agoMDA Space gains Czech arms maker CSG as largest shareholder in 9.5% dealMDA Space has gained Czech arms maker CSG as its largest shareholder following a 9.5% deal. This transaction signifies a significant investment and change in ownership structure for the space company.Seeking Alpha Tech
BUSINESS4d agoAsian markets mixed as tech sell-off and AI concerns weigh; RBA minutes and IMF outlook in focusAsian markets are experiencing mixed results due to a tech sell-off and concerns about AI, with the Reserve Bank of Australia minutes and the IMF outlook being key factors. This matters as it reflects the current economic climate and future financial outlook.Seeking Alpha Tech
BUSINESS4d agoADNOC open to further long-term LPG deals with India, sees India among most important energy markets: Acting CEO, DownstreamADNOC supplied more than 500,000 barrels of crude a day to India in 2025, “almost one in ten barrels of [India’s] crude imports”. The company is exploring opportunities with ISPRL to expand storage of crude oil, LNG and LPG, including strategic reservesThe Hindu
BUSINESS4d agoFood makers turn to plant-based alternatives as seafood prices riseOne company in Hyogo Prefecture began offering a plant-based product to substitute Akashi brand octopus after prices for it skyrocketed.japantimes · japan
BUSINESS4d agoWhat Does GWA Group (ASX:GWA) Offer in Lead-Free Tapware and Commercial Fixtures? - Kalkine MediaGWA is expanding lead-free tapware and commercial bathroom fixtures sold through plumbing merchants. What it offers and the key risks.kalkinemedia · australia
BUSINESS4d agoFG pays N1.23trn power debt, targets full settlement next yearThe Federal Government has paid N1.23 trillion of its legacy debts to power generation companies (Gencos) through bonds, with the outstanding balance expected to be cleared next year. The Minister of Power, Joseph Tegbe, disclosed this at the Harvard Business School Association of Nigeria (HBSAN) Energy Conference in Lagos. He said the government was committed […]dailytrust · nigeria
BUSINESS4d agoAnthropic explores Australia expansion with focus on regional data center sites - reportAnthropic is reportedly considering expanding into Australia, focusing on establishing regional data center sites. This indicates potential growth for the company and investment in Australia's technology infrastructure.Seeking Alpha Tech
BUSINESS4d agoDangote Petroleum Refinery extends IPO amid strong investor demand"The IPO is going very well. We will extend the closing date because we want more of our African brothers and sisters to participate,” the company said in a statement. The post Dangote Petroleum Refinery extends IPO amid strong investor demand appeared first on Premium Times Nigeria.Premium Times
BUSINESS4d agoCharacter.ai files Chapter 11; Disney steps in as stalking horse bidderCharacter.ai has filed for Chapter 11 bankruptcy, with Disney acting as a stalking horse bidder. This marks a significant financial restructuring for Character.ai and a potential acquisition by Disney.Seeking Alpha Tech
BUSINESS4d agoBitcoin, XRP, ETH decouple from tumbling Korean stocksBitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s US CPI report.headtopics · united states of america
BUSINESS4d agoPoundland could go into administration ‘within days’ - 12k jobs at riskexpresscouk · united kingdom
BUSINESS4d agoBlur NFT marketplace to shut down after volume crashes 99.5%Blur will close its NFT marketplace website on Nov. 12 after trading volume collapsed from $1.43 billion to under $7 million. The decision follows the recent shutdown announcement of sister project Blast and highlights severe contraction in the crypto trading sector.headtopics · united states of america
BUSINESS4d agoElon Musk and Mukesh Ambani’s feud over Starlink | ExplainedElon Musk believes that India’s mobile internet market is skewed to favour the Ambani family and that his Starlink service deserves a fair chance in the country. However, critics have pointed to sovereignty and security concernsThe Hindu
BUSINESS4d agoKroger to eliminate 3,000 corporate jobs in three-year AI restructuringKroger plans to eliminate 3,000 corporate jobs over three years as part of an AI-driven restructuring effort. This signifies a major corporate change impacting employment and reflecting the growing influence of AI in business operations.Seeking Alpha Tech
BUSINESS4d ago‘Outdated and inadequate’: Tefal manufacturer urged to drop ‘forever chemicals’ from non-stick pansThe legal notice came from three environmental groups in the midst of fierce discussions over upcoming EU PFAS legislation, expected in 2027.EuroNews [en]
BUSINESS4d agoRent spikes in Georgia and Armenia as Russians flee fearing mobilisationMonthly rents in Yerevan now run to €800–900 for a two-room flat, up 23.5% year on year in August, while Tbilisi rents have stabilised after 60–70% jumps following the full-scale invasion of Ukraine in 2022. Russian nationals account for 72% of all foreign property transactions in Armenia.EuroNews [en]
BUSINESS4d agoPepsiCo cuts Poppi payout estimate to $12M amid U.S. soda sales slumpPepsiCo has reduced its estimated payout for Poppi to $12 million due to a decline in U.S. soda sales. This indicates a significant financial adjustment by a major beverage company.Seeking Alpha Tech
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