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NNPC reduces its stake in Dangote Refinery from 20% to 7.2% due to strategic realignment. The decision, communicated months prior, aims to align...
Dangote Refinery CEO reveals NNPC stake reduction from 20% to 7.2% due to missed payments. $19 billion project on track for August petrol sales...
Dangote Refinery turns to Brazil for crude imports amidst Nigerian supply challenges, sourcing one million barrels of Tupi crude. Significant...
The Central Bank of Nigeria (CBN) sold $122.67 million to forex dealers, aiming to stabilize the naira. Experts predict this will strengthen the...
Meta lifts restrictions on Donald Trump's Facebook and Instagram ahead of 2024 election, citing political fairness. Trump, previously banned after...
![Today's Naira Rate[12-07-2014]: Naira Plummets to July Low of N1,563.80/$1 Despite Central Bank Interventions](/data/attachments/206/206069-3c44473101cfdb95816e4fca0635f7db.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate[12-07-2014]: Naira Plummets to July Low of N1,563.80/$1 Despite Central Bank Interventions
Despite Central Bank efforts, Nigerian naira hits July low at N1,563.80/$1 amid declining FX turnover. Recent CBN sales of $122.67 million failed...
Dangote Refinery secures 5 million barrels of US crude for upcoming months, marking a strategic move to diversify sourcing amid efforts to reduce...
CBN Governor Olayemi Cardoso addresses the severe economic impact of Nigeria's N27 trillion ways and means loan. Highlighting inflation and...
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