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Website title: Business News from Nigeria | Financial News in Nigeria | Investors King

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Nigeria is positioning itself as a major beneficiary of China’s Belt and Road Initiative (BRI) as large-scale investments in gas, energy, and industrial infrastructure gain momentum and reshape the country’s long-term development outlook. At the centre of this shift is a proposed gas-based industrial park backed by Chinese capital, which is expected to strengthen Nigeria’s […...


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Everstone Capital is set to divest its stake in Restaurant Brands Asia, the operator of Burger King restaurants in India, according to people familiar with the matter. The private equity firm, which has been a long-term investor in the quick-service restaurant operator, is pursuing the sale as part of a broader portfolio realignment. The move […]

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Elon Musk has escalated his legal dispute with OpenAI, pursuing a damages claim of up to $134 billion over allegations that the company abandoned its original nonprofit mission and improperly transitioned into a commercial, profit-driven enterprise. The lawsuit, which also names Microsoft as a defendant, centres on claims that OpenAI’s current structure and commercial partner...


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Dangote Group has signed a $350 million engineering agreement to add a second processing train to its Lekki Refinery, a move that will more than double the facility’s capacity and further strengthen Nigeria’s domestic refining capability. The contract was awarded to Engineers India Limited, which will act as project management and engineering consultant for the […]

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Nigerians withdrew ₦36.3 trillion through automated teller machines (ATMs) in the first half of 2025 as the economy continued to rely on physical cash despite higher withdrawal charges introduced by the monetary authorities. Data released by the Central Bank of Nigeria (CBN) show that cash withdrawals between January and June 2025 rose sharply compared with […]

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