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ACCI Tasks FG On Policies To Support Investments

The Abuja Chamber of Commerce and Industry (ACCI) has advocated the need for policy measures to support investments in the country, especially those that could help indigenous entrepreneurs to grow their businesses in order to ensure sustainable growth of the nation’s economy. The Chamber’s President, Dr. Mujtaba Abubakar, in his chat with journalists at the […]

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NNPC Will Fund 20% Stake In Dangote Refinery With Loans – Kyari

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that its planned acquisition of 20 per cent stake in the $12 billion Dangote Refinery would be funded through borrowing The corporation’s Group Managing Director, Mallam Mele Kyari, who gave this hint during an interview with Channels Television, said that already negotiations were ongoing with some […]

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FG Grants Dangote Cement N22.32bn Tax Credit

The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc tax credit certificates valued at N22.321billion. The tax credit certificates are for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road straddling Kogi and Kwata states. While Julius Berger is handling the construction of these two federal roads, Dangote Cement Plc is […]

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Dangote Group Sets December Timeline For Fertilizer Plant’s Operations

The Dangote Group has disclosed that its granulated urea fertilizer plant located at Ibeju Lekki, Lagos state, will start operations before the end of next month. The Group Head, Corporate Communications, Dangote Group, Mr Anthony Chiejina, confirmed the timeline for the kick-off of the $2bn plant to the News Agency of Nigeria (NAN) on Wednesday […]

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Govts Must Tackle Africa’s Trade Barriers To Make AfCFTA Work – OPS

Nigeria’s organized private sector (OPS) has maintained that until existing trade barriers among African countries were removed, the implementation of the recently adopted African Free Trade Agreement (AfCFTA) by many governments in the continent may not accrue the targeted economic benefits. This explains why key OPS groups and stakeholders in the country, including Dangote Group, […]

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Africa’s Agribusiness Value To Hit $1Trn By 2030 – Stakeholders

Stakeholders in Africa’s agricultural sector, particularly top players in the agribusiness sub sector, have projected that with adequate policy support and more conducive investment climate for enterprises, the continent’s agribusiness sector could reach US$1 trillion by 2030.   According to them, with adequate government policy support, the agribusiness will become the ‘new oil” and engine […]

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Dangote Refinery To Save Nigeria $26Bn Yearly On Fuel Bills

The Head, Quality Assurance/Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta, has projected that when it comes on stream, the refinery could save Nigeria yearly about $26 billion on fuel bills among other socio-economic benefits. He described the project as the largest single train petroleum refinery globally with capacity to process 650,000 barrels […]

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Dangote Urges Deepening Of African Economy Through Free Trade

Africa’s foremost businessman, Aliko Dangote, on Monday canvassed the need for conscious efforts towards the deepening African regional market by African investors and governments to support the rapid growth of the continent’s economy. Dangote, who gave the charge while speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit in […]