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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Dangote refinery

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Business / Economics

14 November 2024 Morning Biz News Update: Quiet Local Market Amid Global Economic Shifts

  By Leonard Witbeen In the latest market developments, Namibia's local stock market had a relatively quiet session on November 13, with a total of N$1.16 million in value traded. According to the NSX daily report, the local market saw a volume of over 125,000 shares exchanged through 12 deals. While the day’s activity appeared subdued, the year-to-date figures paint a busier picture, with over 22 million shares traded, totaling […]

todayNovember 14, 2024 10

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Africa

Dangote’s bid buy crude in Nigerian currency approved

Nigeria's government has approved the sale of crude oil to the Dangote refinery in the local currency, the Naira. The government asked the state-owned oil company, Nigerian National Petroleum Company Limited to sell the crude to Dangote and other refineries with immediate effect. The decision puts an end to the dispute between Dangote refinery and oil regulators over crude supply.   Reuters reports that the $20 billion Dangote refinery, Nigeria's […]

todayJuly 30, 2024 24

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Business / Economics

How Dangote refinery is flipping the script on Africa’s oil

      By Bonface Orucho, bird story agency     Nigeria's Dangote refinery, a 650,000 barrels per day facility, has recently exported its first-ever jet fuel cargo to Europe, a move that signals not just growing production, but Africa's potential to become a major player in the global petroleum market. S&P Global in a report on May 30 explains that Bp, a British multinational oil and gas company, transported […]

todayJune 6, 2024 40

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