Hafsat Ibrahim

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Dangote, Ethiopia to Build $2.5bn Fertiliser Plant

Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group have signed a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia.

FG Secures 200 Hectares for Lekki Housing Hub to Cut Production Costs

The Federal Government has secured 200 hectares of land within the Lekki Free Trade Zone, Lagos, for a building materials hub to reduce housing production costs.

Cardoso, Brazil Central Bank Explore Fintech Opportunities

The Central Bank of Nigeria (CBN) and the Banco Central do Brasil (Brazil’s Central Bank) have opened fresh talks aimed at strengthening economic and financial cooperation between Africa’s largest economy and Latin America’s biggest market.

Fuel Consumption Drops by 28% Nationwide

Fuel consumption nationwide has fallen by 28 per cent over the past two years, as pump attendants across filling stations are left with scanty vehicular calls.

Tinubu Orders Temporary Ban on Export of Raw Shea Nuts, Target $300m Revenue

President Bola Tinubu has approved a temporary ban on the export of raw shea nuts in a move aimed at promoting domestic processing and strengthening Nigeria’s non-oil export economy.

Oil Production Rose by 0.89% to 1.71m in July – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July.
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