Dangote Fertilizer plant in Lekki free trade zone commenced commercial production

The Dangote Fertilizer plant located in the Lekki free trade zone, has commenced commercial production as the company pushed out a minimum of 120 trucks of Urea fertilize per day across the country, according to a senior official of the company. Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin,…

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British finance minister Hunt dampens tax cut speculation but promises held ahead of election

British finance minister Jeremy Hunt sought to dampen speculation about big pre-election tax cuts in this week’s budget, saying there had been a worsening in the economic outlook, but he hinted at some help for voters. The forecasts that underpin the budget “have gone against us,” Hunt told the Sunday Telegraph in comments that appeared…

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Crypto asset markets: IMF calls for vigilance to growth, interlinkages with financial institutions.

The International Monetary Fund (IMF) has called on member countries to remain vigilant to the growth of cryptocurrency asset markets and their interlinkages with incumbent financial institutions. It warns that widespread adoption of crypto assets in low income countries could undermine the effectiveness of monetary policy, circumvent capital flow management measures, exacerbate fiscal risks, and…

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