Dangote Refinery To Move 75% of Local Supply By Sea
Dangote Refinery plans to transport 75% of local supply by sea, targeting Warri, Port Harcourt and Calabar
Devakumar Edwin , Vice President(Oil&Gas) said on Arise TV. recently. This , he said, is being done to ease pressure on the road.
World Bank approves $1.57 billion loan for Nigeria
The World Bank has approved a $1.57 billion financing package for Nigeria under a new programme to support its health and education sectors and help provide sustainable power, the bank said on Monday.
The World Bank is the largest lender to Nigeria, with more than $15 billion in loans at the end of March, data from the Debt Management Office showed.
Dangote Group Invests Over $25bn in Oil, Cement, Sugar In 7 Years
Africa Number 1 Business mogul, Aliko Dangote, disclosed on the sidelines of UNGA79 holding in New York that his business conglomerates have invested over $25bn in sectors such as oil and gas, cement and sugar in the last seven years.
He said this investment was meant to signal confidence to others that it is possible to invest in Nigeria.
Sub-Saharan Africa incomes falling further behind rest of world
Incomes in Sub-Saharan Africa are falling further behind the rest of the world amid a “tepid” economic recovery, the International Monetary Fund (IMF) said on Friday, warning of risks from geopolitics, domestic instability and climate change.
The IMF earlier this week said the region’s economy would grow 3.8% this year, up from 3.4% in 2023, as it begins to emerge from four years of shocks, from the COVID-19 pandemic to Russia’s invasion of Ukraine and rising global interest rates.
