The start of operations of Aliko Dangote’s Lagos‐based refinery have helped him double his net worth to $28 billion, according to Bloomberg Billionaires Index.
Business
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Banks accused of frustrating business growth in Nigeria as Jerry Gana blames them for restrictive forex policies.
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Nigeria Customs Service extends the deadline for private jet owners to regularize import duties by one month, warning of potential sanctions for non-compliance
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The federal government has decided that petroleum marketers in Nigeria can buy petrol directly from Dangote Refinery instead of NNPCL which has been the sole off taker.
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BusinessNewsOpinion
NNPC Raises Fuel Prices as It Ditches Costly Subsidies: The Impact on Nigeria’s Economy and People
With NNPC’s recent fuel price hike following subsidy removal, Nigeria faces inflationary pressures, higher costs for businesses, and concerns about effective reinvestment of saved funds.
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South Korean investors have proposed to build four refineries with a capacity of 100,000 barrels in Nigeria, said Petroleum Minister Lokpobiri.
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The Nigerian National Petroleum Company Limited has increased the price of petrol to N1,030 per liter in Abuja, causing frustration among consumers
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Nigeria’s capital importation rose to $2.60bn in Q2 2024 with 26 states including Oyo and Zamfara states receiving no FDI at all.
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Learn which Nigerian banks offer the best loans for small businesses, providing competitive rates and tailored support for SMEs
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Sanwo-Olu inaugurates export of 11 agricultural containers to China.
