Nigeria is pushing for a shift away from exporting raw minerals towards local processing and value addition across Africa, as the continent seeks to use its mineral resources to drive …
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Dangote Hires Indian Firm for $16bn Kenya Refinery Project
Aliko Dangote has hired India’s state-owned Engineers India Ltd. (EIL) to provide engineering and project-management services for a planned $16 billion refinery and petrochemical complex in Kenya. The refinery, which …
Lower petrol prices in countries such as Iran, Libya and Saudi Arabia do not automatically mean Nigeria’s fuel policy has failed. However, the removal of petrol subsidies will remain politically …
Africa’s efforts to close its infrastructure deficit are being affected not only by limited access to funding but also by the high cost of raising capital for major projects. Nigeria’s …
Nigeria’s renewed campaign for a permanent seat on the United Nations Security Council is facing a major challenge within Africa, as the continent seeks at least two permanent seats and …
Banks’ deposits with the Central Bank of Nigeria (CBN), known as the Standing Deposit Facility (SDF), rose to a seven-month high of ₦7.33 trillion a day after the apex bank …
Nollywood actor Jide Awobona has entered into a brand partnership with Baker Homes ahead of the launch of Mint Court Phase 2, as the real estate company moves to expand …
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 350 basis points, bringing it down to 23 percent from 26.5 percent. The significant rate cut …
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to regulate the participation of foreign nationals in Nigeria’s retail sector amid concerns over the growing involvement of …
Nigeria’s Minister of Education, Dr Tunji Alausa, has called for stronger international investment in education to expand access and improve opportunities for children and young people. Alausa made the call …