Tag: Nigeria
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Dangote refinery on track to begin gasoline production in September, industry monitor IIR Energy says
The $20 billion refinery, owned by Africa’s richest man, Aliko Dangote, has been undergoing test runs for gasoline production. While initial plans targeted July for gasoline deliveries, the project has experienced delays and the timeline has now shifted to mid-September. The massive 650,000-barrel-per-day refinery, located on the outskirts of Lagos, commenced operations in January after…
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Cocoa prices unlikely to fall much this year despite higher production, media says
Weather conditions will become more favorable, which will lead to an increase in world production of cocoa beans by about 10%, causing their supply to exceed demand for the first time in four seasons, US media reported. However, the spread of chocolate tree diseases will hardly allow a return to previous prices. According to analysts…
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Nigeria police working to secure release of 20 kidnapped medical students
The Nigerian Medical Association says students from universities of Jos and Maiduguri were taken while travelling in Benue State. Nigerian police and security agencies are working to secure the release of 20 medical students who were kidnapped in the eastern part of the country, officials say. The medical students were on their way to an…
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Nigeria now exports military hardware to African countries
Minister of State for Defense, Bello Matawalle, reportedly credited this achievement to the efforts of the Ministry of Defense and the new management of the Defense Industries Corporation of Nigeria (DICON) under the Bola Tinubu administration. Matawalle noted that this growing patronage will boost Nigeria’s foreign exchange earnings, create jobs, and reduce capital flight. “We…
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Dangote Refinery says Nigeria must enforce crude supply for local refiners
The Dangote Oil Refinery has called on Nigeria’s upstream oil regulator to force producers to abide by a law that stipulates they supply local refineries, saying that lax enforcement was raising its operational costs. The 650,000-barrel-per-day capacity refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos for $20 billion, has struggled…
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President Tinubu re-elected as ECOWAS chairperson, reiterates call for regional force
President Tinubu advised ECOWAS leaders to leverage the capabilities of Nigeria’s National Counter-Terrorism Centre (NCTC), which has been widely acknowledged as one of the best on the continent. President Bola Tinubu of Nigeria has been re-elected as the chairperson of ECOWAS. Mr Tinubu was re-elected as the head of the regional bloc during the 65th Ordinary…
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Nigerian businesses count losses from inflation protests
Days after hundreds of thousands of people took to the streets across Nigeria to protest against inflation and other economic hardships, people are still counting the cost of the business they lost. At least 22 people died, according to Amnesty International, in the demonstrations that started on Thursday last week and ebbed over the weekend…
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Nigeria detains tailors who made Russian flags for anti-government protests
Nigeria has detained some tailors for making Russian flags that were waved during anti-government protests this week in northern states, the state secret police said. The Department of State Services (DSS) also said in a post on X that it had detained some of the tailors’ “sponsors”, without elaborating. It said an investigation was ongoing.…
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Nigeria: Russian Flags, Putin Chants At Protests Worry Tinubu & Military
Protesters in Nigeria’s north were seen waving Russian flags and chanting slogans for Russian President Vladimir Putin as anger against the Bola Tinubu government grows. Russia distanced itself from Nigerian protesters waving Russian flags, saying it is not involved in the protests or coordinating them. Russia’s embassy in Nigeria said it does not interfere in…
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Nigerians continue marches against cost of living crisis
Protesters clashed with residents in Lagos on Friday during a demonstration against the country’s worst cost-of-living crisis in a generation. Carrying placards, bells and Nigeria’s green-and-white flag, the protesters were met with a heavy security presence on the streets of Lagos. The protests were mainly over food shortages and accusations of misgovernment and corruption in…
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