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    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    Nigeria Launches National Domestic Payments Card Program
    In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
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    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    Investing in timely Market for African Crude Oil 1.7 Million Barrels Per Day would be utilized in this year by Dangote Refinery and Ten African Refineries in the African Landmass

    Posted On 02 Jan 2023
    By : New Africa Business News, Staff Correspondent
    Comments: 14

    By Abdul Rahman Bangura-

    Photo Credit: La Croix

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The cost of crude oil sanded bigger on Monday January 02, 2022, as China began again to open up after the Novel Corona Virus (COVID-19) while Russia inferred at a generation cut amidst winter storm across North America.

    The 1.7 million bpd is anticipated to be depleted by refineries on the mainland could be to change the narratives in storms,(160, 000 bpd), Assiut Hydrocracker (90,000 bpd) and Hassi Messaoud Refinery in Algeria (100,000 bpd).

    Others are South Africa’ Astron Restart (100, 000 bpd), Cabinda Refinery of Angola, (60,000 bpd), and Ghana’s Sentuo refinery (120, 000).

    The development arrives as the Nigerian Oil and Gas Suppliers Association (NOGASA) petroleum refineries in the nation, particularly the Port Harcourt Refinery Company (PHRC), is slated to commence refining crude oil last December.

    NOGASA President, Benneth Korie and the Minister of State for Petroleum Resources, Timipre Sylva, have verified the timeline.

    Korie said the resumption of domestic refining will alleviate the problem of Premium Motor Spirit (PMS) petrol shortage and soaring prices, Korie asserted.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    14 Comments

    1. Ella January 2, 2023 at 4:48 am Reply

      Happy new year to your group of journalists and audiences. Ella in Asmara, Eritrea

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Poloko January 2, 2023 at 4:51 am Reply

      Thank you very much as always for covering Afrika. Happy New Year. Poloko in Gaborone BOTSWANA

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Maria January 2, 2023 at 4:53 am Reply

      Happy 2023. Thank you for the news. Beira in Mozambique. Maria

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Abez January 2, 2023 at 4:55 am Reply

      Another new year. Happy happy new year. Addis Ababa in Ethiopia. Abez

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Kenneth January 2, 2023 at 4:57 am Reply

      Thank you for the newsletters. And happy 2023. Nairobi in Kenya. Kenneth

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:05 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Fatiha January 2, 2023 at 4:59 am Reply

      Wishing you all happy 2023. Rabat in Morocco. Fatiha

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:05 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Bishop January 2, 2023 at 5:02 am Reply

      Thank you, Journalist Bangura and your teams. Happy 2023. Thank you for covering the continent we all love dearly. Long live Mama Afrika. Kigali Rwanda. Bishop

      • New Africa Business News, Staff Correspondent January 2, 2023 at 5:05 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

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    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
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    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
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