Top 15 Weekly Business News Updates for the Latest News in Nigeria

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TotalEnergies Strikes First Supply Deal With Dangote Refinery

In a significant development for the Nigerian business landscape, TotalEnergies has announced its first supply deal with Dangote Refinery. The Chief Executive of TotalEnergies, Patrick Pouyanne, revealed this groundbreaking agreement after a meeting with Aliko Dangote, the owner of the refinery.

This deal marks a major milestone for both companies and is expected to have a positive impact on the energy sector in Nigeria. The partnership between TotalEnergies and Dangote Refinery is set to enhance the country’s energy supply and contribute to its economic growth.

NNPC Ltd Clarifies Lagos Depot Fire Incident

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a clarification regarding a recent fire incident at a tank farm in Marine Beach, Apapa, Lagos. Contrary to earlier reports, the fire occurred at a Depot belonging to HOGL Energy Ltd. (Honeywell Depot) and not at an NNPC Retail Ltd. facility.

This clarification aims to provide accurate information to the public and dispel any misconceptions about the incident. NNPC Ltd. remains committed to ensuring the safety and security of its facilities and operations.

Nigeria Missing On List Of Countries With Highest IMF Debt Record

In a surprising turn of events, Nigeria’s name was missing from the latest list of countries with the highest debt record to the International Monetary Fund (IMF). While several African countries have benefited from IMF credit facilities, Nigeria’s absence from this list has raised eyebrows.

This development comes amid Nigeria’s escalating public debt and underscores the need for prudent financial management. The country’s debt situation continues to be a topic of concern, and stakeholders are closely monitoring the government’s fiscal policies.

These are just a few of the top business news stories making headlines in Nigeria this week. Stay tuned for more updates on the latest developments in the country’s business landscape.