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Dangote Refinery IPO Draws Investors From 90 Countries as Renaissance Capital Raises Valuation to N700.41

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crude oil price, Nigeria petrol prices, fuel prices in Nigeria, naira exchange rate, Nigeria oil production, Brent crude oil

The Dangote Refinery Initial Public Offering has expanded into a major cross-border investment story, with subscriptions now coming from more than 90 countries, including investors from 51 of Africa’s 54 nations. The development comes as Renaissance Capital Africa has raised its valuation of Dangote Petroleum Refinery and Petrochemicals FZE to N700.41 per share, representing a … Read more

Brent Crude Oil Hits $109.86 as Crude Oil Price Surges: What It Means for Nigeria’s Economy, Naira and Fuel Prices

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Brent Crude Oil Hits $109.86 as Crude Oil Price Surges: What It Means for Nigeria’s Economy, Naira and Fuel Prices

Brent crude oil surged to $109.86 per barrel on October 16, its highest level since May, as intensifying geopolitical tensions in the Middle East and attacks on Russian energy infrastructure raised fresh concerns about global oil supplies. The rally has placed Nigeria in a complicated position. As one of Africa’s major oil producers, Nigeria stands … Read more