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Fertiliser Plants

LCCI asks NNPC to back up reformed petroleum downstream sector with law

The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.

Senator Akume: Governor Ortom will lose supplementary poll

Despite loud boasts and expression of confidence, Governor Samuel Ortom and the Peoples Democratic Party (PDP) are bound to lose Saturday’s supplementary election to the All Progressives Congress (APC), Senator George Akume, has declared.
Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.

Five fertiliser plants to be revived this August – PFI

A committee member, Presidential Fertiliser Initiative (PFI), Mr Thomas Etuh, says five fertiliser plants will be revived by the end of August to complement the existing 11 resuscitated under the administration of President Muhammadu Buhari.

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China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

Growing number of countries mull TikTok restriction over China links

US President Donald Trump looming TikTok ban may only be the beginning of the popular video app’s headaches, as a growing number of nations are becoming suspicious of its ties to China.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

NIPC: Shoprite move an opportunity for Nigerian investors

The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

House of Reps summons finance minister, predecessor over N1.7 trillion

The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019.

Edo guber: INEC tenders apology to residents for not distributing voter cards

The Independent National Electoral Commission (INEC), in Edo State, has tendered apology to the residents of the state, especially those who turned 18 this year, for not being able to participate in the September 19 governorship election in the state.
Pope Francis speaking at the Vatican in February. Alessandra Tarantino-AP

Pope Francis names six women to Vatican economic council

Pope Francis has appointed six women to the Vatican's economic council, a first for the financial watchdog overseeing the administrative and financial structures of the Holy See.