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Dangote Refinery Set to Receive First Crude Batch in June 2023, says S&P Global Report

Dangote Refinery expects its first crude batch in June 2023. The refinery, which is owned by Nigerian billionaire Aliko Dangote, is currently under construction...

Risks and Challenges that Businesses face in Nigeria: Insights from a Lagos Textile Businesswoman

Lagos, Nigeria - Nigeria, known as the "Giant of Africa" for its vast population and rich natural resources, has long been an attractive destination...

Federal Government: Fuel subsidy could have cost over $74 billion between 2005 to 2021.

The Nigerian government has acknowledged that the cost of fuel subsidy on petrol between 2005 and 2021 could be more than N13 trillion ($74...

CBN Opens Non-Oil Export Rebate Scheme to Encourage Dollars Inflow and Boost Export Earnings

The Central Bank of Nigeria (CBN) has announced an expansion of its non-oil export rebate scheme to boost dollar inflows amid slumping oil production....

SEC Targets 25% of Nigerian Capital Market to Come from Non-Interest Products

The Securities and Exchange Commission (SEC) of Nigeria is targeting to have 25% of the market capitalisation of securities in the Nigerian capital market...

Angola surpasses Nigeria as top crude oil producer in Africa in 2023

Angola has emerged as the top crude oil producer in Africa, surpassing Nigeria's output level, which hit a new low in April 2023. The...

Promoters of Lekki Port Disclose Plans for Transshipment and Boosting The Economy of Eastern Ports

The promoters of the Lekki Port and Lekki Freeport Terminal (LFT) have disclosed that discussions are ongoing to move containers discharged at the port...

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