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Kaduna Refinery To Be Ready By Q4 2024, Says Lokpobiri
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Heineken Lokpobiri, the minister of state for petroleum resources (oil), says Kaduna refinery will begin operation by the end of 2024.
In a statement shared...
IDF confirms: Gaza Ground Invasion Underway
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The IDF has entered Gaza, and a ground invasion is underway, IDF Spokesman R.-Adm. Daniel Hagari said Saturday morning.
“We have entered Gaza and are...
FBN Holdings Profit Surges to Record on FX Revaluation Gains
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FBN Holdings Plc profit beat analysts' estimates for the third quarter as solid earnings supported organic capital generation.
The lender revamped its risk management, which...
US Says ‘Expanded’ IDF Activity in Gaza Appears to be Start of Ground Offensive
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A pair of US officials have told CBS News that Israel’s “expanded” military activity in the Gaza Strip appears to be the start of...
Naira Rallies to N1113/$ at P2P Market as Traders Await $10bn Inflow
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The naira within a span of hours appreciated by N166 to the dollar in the P2P market, as currency traders re-evaluate their strategies.
The naira...
Dangote Cement Reports Robust Pan-African Volumes in Nine Months 2023
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Dangote Cement in the nine months ended September 30, 2023 reported 15.2 percent increase in pan-African volumes to 8.5Mt from 7.4M tin the corresponding...
Qatar, NNPCL to Provide Nigeria’s Expected $10 Billion Inflow
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Nigeria announced this week that it expects to receive $10 billion of inflows of which $7.0 billion is expected from NNPC's forward sales and...
Stocks to Selloff as MSCI Reclassifies Nigeria Indexes from Frontier to Standalone Status
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MSCI Inc, a leading provider of critical decision support tools and services for the global investment community, announced today that the MSCI Nigeria Indexes...
El Salvador Targets Nigerian Migrants to US With $1,000 Tax
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El Salvador is charging passengers from Nigeria a $1,000 fee, in an apparent bid to curb migration to the US through the Central American...
Slow Consumer Spending, Naira Devaluation Tips Nigerian Breweries Into Loss Position
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A deteriorating consumer spending exacerbated by the removal of subsidy on premium motor spirit (PMS) and the abrupt devaluation of the currency by the...