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Business
Dangote Refinery to construct 1.6m gasoline, diesel storage facility
Dangote Petroleum Refinery is set to construct fuel storage tanks in Namibia, aiming to supply up to 1.6 million barrels of gasoline and diesel to southern African nations. The strategic move marks a major step in the refinery’s ambition to dominate the continent’s refined fuel supply chain and potentially reshape energy trade flows across the region. According to Reuters, the…
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Business
Equities market appreciates by N1.76trn in one day
The Nigerian equities market on Thursday extended its bullish run to the seventh consecutive trading session as price uptick in Okomu Oil Plc and 69 others nudged the overall capitalization up by N1.76 trillion. The All-Share Index (ASI) gained by 2,457.13 points, representing a growth of 2.01 per cent to close at 124,446.80 points. Also, market capitalisation rose by N1.76…
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Business
UBA announces strategic expansion into key markets across Africa
United Bank for Africa (UBA) senior executives recently concluded the half Year business review with the announcement of strategic expansion into key market across Africa. Held at global headquarters in Lagos, Group Managing Director/CEO, Oliver Alawuba, brought together executives responsible for UBA’s 24 countries of operation. It was an opportunity to restate the Group’s pan-African strategy, and commitment to further…
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Economy
Digital assets fraud threatens market integrity, says SEC DG
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has expressed concern over the growing threat of digital assets fraud, warning that it poses a significant challenge to market integrity and undermines investor confidence. Speaking in Abuja at an event to mark African Union Anti-Corruption Day, themed “Understanding Virtual Assets and Investment Fraud”, Dr. Agama noted…
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Economy
PHOTO NEWS: Sovereign investors’ visit Minister of Budget
Sovereign investors stakeholders on Thursday visited the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu in his Abuja office. L-R: Head, Government Relations, Ms Charlotte Adesiyan; Head, Nigeria Infrastructure Fund, Mr Pius Osiriamhe Anyiador; Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; MD/CEO Nigerian Sovereign Investment Authority (NSIA), Mr Aminu Umar-Sadiq; Technical Assistant to the MD/CEO,…
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Company Report
Dangote Foundation distributes rice to 10,000 families in Bayelsa
The Aliko Dangote Foundation has flagged off the distribution of 10,000 bags of rice, each weighing ten kilograms, to vulnerable households, people living with disabilities and the less privileged in Bayelsa State. Deputy Governor Bayelsa State, Senator Lawrence Ewhrudjakpo who represented the Governor, Senator Douye Diri at the event commended Aliko Dangote for his philanthropic gesture and lucrative partnership with…
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Economy
FG advances economic diplomacy efforts in Brazil
The Federal Government has taken a significant step in advancing its economic diplomacy efforts in Brazil, as the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun participated in the Ogun State Investment Forum with the Brazilian Business Community. The Director, Information and Public Relations, Federal Ministry of finance, Mohammed Manga in a statement said the engagement…
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Uncategorized
PHOTO NEWS: Deutsche Bank delegation visits Aviation Minister in Abuja
The Head, Sub-Sahara Africa (Corporate banking) of Deutsche Bank, Mr. Andreas Voss, among other delegation of the bank on Tuesday paid me a courtesy call to Minister of Aviation and Aerospace Development, Festus Keyamo (SAN). office in Abuja. Voss at the meeting expressed interest in investing in a number of sectors in Nigeria, including the aviation sector. The Minister of…
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Economy
NCC introduces new licensing, regulation framework for A2P messaging
The Nigerian Communications Commission (NCC) on Wednesday unveiled a comprehensive regulatory framework for Application-to-Person (A2P) messaging services, targeting the growing automated messaging sector to curb spam, plug revenue leakages, and enhance telecom sector oversight. A2P messaging is vital for industries such as banking, fintech, airlines, healthcare, and political campaigns, providing automated communication to users. However, lack of formal regulation has…
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Economy
OPEN LETTER: Dangote commends Tinubu’s reforms in Lagos, Nigeria
The Group Chairman of Dangote Group, Aliko Dangote, has commended President Bola Ahmed in an open letter for his reforms in Lagos State and Nigeria at large. In the letter sighted by WESTERNPOST on Wednesday, Dangote specifically commended Tinubu for addressing ocean surges and flooding in Victoria Island, as well as for building a new Atlantic city and expanding the…
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