As it prepares to roll out in 2019, Dangote Oil Refining Company (DORC), has taken delivery of one of the major components of its refinery equipment, the regenerator for the Residual Fluid Catalytic Cracker (RFCC).
Mr Rama Putta, the Head...
The President, Dangote Industries Limited, Aliko Dangote, has arranged more than $4.5bn in debt financing for his crude oil refinery project and aims to start production in early 2020.
Dangote, Africa’s richest man, is building a refinery with a capacity...
Dear all,
For those of you who don’t know us, we are the Cabinet Member for Health and Adult Social Care (job share), Cllr Ed Davie and Cllr Jacqui Dyer.
Picture of Councillors Edward Davie and Jacqui Dyer
We both have...
Zimbabwe
Zimbabwe’s Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu, has warned the business community in the country to stop the practice of ‘dollarising the economy’ in the wake of foreign currency shortages.
Ndlovu was reacting to a decision by Zimbabwe’s largest...
Market News
Naira depreciates as financial market awaits Chinese Yuan auction result Friday - BUSINESSDAY
JULY 27, 2018
by AVJOURNAL
The nation’s currency on Thursday depreciated against the U.S dollar at the investors and exporters (I&E) forex window as the financial...
The economies of Nigeria and other sub-Saharan Africa countries will be home to several of the world’s fastest-growing economies this year, the International Monetary Fund (IMF) said yesterday. The region, it said, is expected to have overall economic growth...
The total financial flows from Nigeria’s oil and gas sector in 2016 was the lowest in a decade and the fifth lowest since the return of democracy in 1999, the latest Nigeria Extractive Industries Transparency Initiative (NEITI) Oil &...
Nigeria
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels. File: Oil pipeline Pitched against the...
Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April.
It said the downgrade was due to a number of reasons, including Nigeria's...
In this exclusive interview, the Managing Director of Volkswagen Group, South Africa & Head of Volkswagen Sub-Sahara Africa (SSA), Mr. Thomas Schaefer, gives more insight into the agreement expected to prepare the way for full resumption of the assembly...
