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    BREAKING NEWS
    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution
    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia
    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
    African Nations Exhorted to take on Modern Sustainable City Planning to enable Stave Off Prospective Emergencies
    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania
    $3.5 Billion in reimbursements to White Agriculturalist by the African Development Bank as Financial Instruments to “Fast Track and Front Load” to White Agriculturalist land…was taken from them by the Zimbabwe Administration President of AfDB disclosed

    Nigeria, Aliko Dangote to Manufacture 20,000 BPD Oil from Royal Dutch Shell Plc in July 2020

    Posted On 13 Mar 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Bangura –

    Aliko Dangote
    Photo Credit: Naira Gent

    NEW AFRICA BUSINESS NEWS ( NABN ) Freetown, Sierra Leonne- Africa’s richest man – Aliko Dangote of Nigeria, will initiate an exhibition of oil from identical purchases he snaps up from Royal Dutch Shell Plc in July, expanding a fresh surge of revenue to a fast-paced broadening of Edwin conglomerate.

    Devakumar Edwin – Dangote’s Group Executive Director asserted that Dangote is toiling with Chinese and Malaysian contractors and has finalized an improvement proposal for the Kalaekule lawn on its Oil Mining Lease 72 asset. Apparently, job will similarly moves to a sketchy KI discovery on Block 71 – a small shallow water asset in South-Eastern Niger River Delta.

    “We are looking at the first phase of 20,000 barrels a day but our objective is to expand it to 100,000 barrels a day for the two-blocks.

    “If everything goes well, we can do that in 12 to 15 months because we are already doing the 3D seismic studies,” Edwin noted.

    The revenue from the fields is predicted to feed Dangote’s tete-a-tete constructed refinery, which is perceived to commence work earlier 2021 with 650,000 barrels a day. The group’s central publicly-available enterprises are Dangote Cement, Dangote Sugar, Dangote Flour Mills, and Nascon Allied Industries. The group ad-lib about one-third of the market capitalization of the Nigeria Stock Exchange.

     

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    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution

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    • Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
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