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THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Monday stated that Nigeria lacks the financial muscle to build a new refinery going by the economic situation of the...
While the IMF approved US$1 billion disbursement to Ghana to address the covis-19 pandemic to be drawn under its (IMF’s) Rapid Credit Facility, its Executive Board on the same day approved for Senegal a US$442 million disbursement under the Rapid Credit Facility and purchase under the Rapid Financing Instrument. The IMF did not make public any conditionalities to these packages.
“Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic."
LAGOS State governor, Babajide Sanwo-Olu, has commended the Dangote Group for locating the biggest investment in the country in the state, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex...
The COVID-19 outbreak, the IMF said, has magnified existing vulnerabilities, leading to a historic contraction in real GDP growth and to large external and fiscal financing needs.
CONTRARY to the assurances by the Nigerian National Petroleum Corporation (NNPC) on March 1, 2021 that government had no plans to hike the price of petrol, the federal government yesterday night (Thursday, March 11, 2021)...
MAJOR dealers in essential commodities of Dangote Group of Companies say the company has always maintained a policy of non-increase in the prices of its commodities in any part of the country during Ramadan. One of...
THE management of Dangote Cement Company Ltd has stated that the current price of its cement is lower in Nigeria than it is in other countries in West Africa. According to the management, the retail price...
Briefing shareholders at the 11th Annual General Meeting (AGM) held in Lagos last week, Dangote told the shareholders that the year 2019 was a strong year given the tough business environment across most of its operating geographies. He disclosed that the Group recorded volumes of 23.7 million metric tonnes and revenues of ₦891.7 billion.
SEVERAL communities and aggrieved individuals in Benue State are at the verge of suing Dangote Group of Companies over its strip mining of coal which has allegedly caused serious environmental damage and particularly polluted rivers...