According to the Nigeria Interbank Settlement System Plc (NIBSS), Nigerian banks have been instructed to disengage all non-deposit-taking financial entities from their Nigerian Interbank Payment (NIP) outward fund transfer channels. Deposit Money Banks (DMBs) have been directed by the Nigeria Inter-Bank Settlement System (NIBSS) Plc to yank off all financial institutions not licensed to hold […]
Dangote Refinery
Largest Refinery in Africa to Finally Begin Operations as Dangote Refinery Receives Initial Crude Oil Supply
Finally, the first crude feedstock for the Dangote’s 650,000 b/d refinery has arrived in the country, according to SP Global quoting market sources and tanker tracking data. The analytical firm confirmed that the development indicated that fuel production at the new $19 billion facility is finally set to begin after years of delay. Dangote Group […]