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Dangote Group’s $2Bln Fertiliser Plant Begins Operation In December

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The Dangote Group says its two billion-dollar granulated urea fertiliser plant located at Ibeju Lekki, Lagos will begin operation before the end of December.

Mr Anthony Chiejina, Group Head, Corporate Communications, Dangote Group, confirmed the development on Wednesday in Lagos.

Chiejina said: “The project will be ready for take-off before the end of December.

” The pre-testing has already been done and the delay in starting operations was due to the COVID-19 pandemic.”

Aliko Dangote, Chief Executive Officer, Dangote Group, had in February projected that the plant would begin operations in July.

Dangote had said that the project would be the largest fertiliser plant in the world with its three million tonnes per annum capacity.

He said it would make Nigeria the only urea exporting country in Sub-Saharan Africa, adding that the fertiliser and petrochemicals plants were capable of generating $2.5 billion annually.

According to him, the amount is almost 10 per cent of what Nigeria is getting from home remittances, which is one of the highest in the world.

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NC Village Square | The Rising Insecurity in Nigeria

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Nigeria is in a security crisis and too many of these incidents have gone unchecked. Boko Haram and ISWAP terrorists are killing with reckless abandon, and the Nigerian people want an end to the bloodshed.

Watch Sulaiman Aledeh as he discusses the rising insecurity in Nigeria with a Security expert from Abuja, Kabir Adamu and a preventive terrorism expert from the UK, Temitope Olodo.

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NC Village Square | What Attributed To The Resurgence Of Terrorism In Nigeria?

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Boko Haram has risen and returned with damning destruction. Nigeria’s President, Muhammadu Buhari has been asked to sack the nation’s Service Chiefs now, before the nation is plunged into a state it may never recover from. The coming days will tell how serious the Nigerian government is about its own people, their stability and security.

Watch Village Square Africa with Sulaiman Aledeh as he asks a retired commodore, Abimbola Ayuba and African affairs analyst, Lanre Suraj what attributed to the resurgence of terrorism in Nigeria.

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Business Edge | CBN Directs Banks to Close International Monetary Transfer Operators’ Proceeds

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Today on Business Edge, Tolulope Adeleru-Balogun and Tunji Andrews, Financial Analyst and Co-founder Awabah talked about the following and how it affects you and I: 1. Nigeria’s CBN Directs Banks to Close International Monetary Transfer Operators’ (IMTOs) Proceeds 2. Forex Liquidity and the Risks to Nigerian Banks’ Ratings according to Fitch

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