Dangote Refinery Cuts Petrol Prices to Boost Holiday Cheer in Nigeria Economy

Dangote Refinery Cuts Petrol Prices to Boost Holiday Cheer in Nigeria

With the festive season approaching, Dangote Petroleum Refinery has lowered the price of gasoline to N899.50 per litre, offering Nigerians a respite from the burden of high transport costs. This reduction also allows consumers to purchase additional fuel on credit, backed by bank support. The refinery is positioned to meet domestic demand, marking a pivotal move toward eliminating substandard fuel imports that impact health and environment.

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Dire Warning: Kenyan Shilling Could Plunge to Ksh170 Per US Dollar, Says Moses Kuria Economy

Dire Warning: Kenyan Shilling Could Plunge to Ksh170 Per US Dollar, Says Moses Kuria

Moses Kuria, a former Cabinet Secretary, has issued a stern warning about the potential depreciation of the Kenyan shilling to Ksh170 against the US dollar within the next 19 days. He points to economic fundamentals, high interest rates, and the country's trade balance as contributing factors. Kuria calls for immediate economic policies to stabilize the shilling.

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Kenya's Bold Fiscal Move: Treasury Raises Borrowing Target to Sh597 Billion Amid Economic Pressures Economy

Kenya's Bold Fiscal Move: Treasury Raises Borrowing Target to Sh597 Billion Amid Economic Pressures

Facing mounting economic pressures, Kenya's Treasury has revised its borrowing target to Sh597 billion for the 2024/25 financial year, up from Sh570 billion. This decision, outlined in the Finance Bill 2024, aims to address the budget deficit and fund development projects despite concerns about the country's debt levels.

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