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Nigeria’s New Refinery To Start Processing Crude Oil in 2022
On Saturday, Nigeria’s foremost businessman Aliko Dangote announced the Dangote refinery would begin operations by the third quarter of 2022. The refinery located in the Lekki Free Zone near Lagos, Nigeria is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility with a presumed processing capacity of 650,000 barrels per day…
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CBN Moves To Ban The Importation Of Sugar, Wheat
Nigeria’s apex bank has announced a ban on the importation of sugar and wheat to the nation’s foreign exchange markets is in works. The prices of sugar and wheat are now expected to blow up with the latest restriction, announced a day after the National Bureau of Statistics (NBS) revealed that food inflation rose to…