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Nigeria refinery aims to be world's biggest with expansion
Nigeria refinery aims to be world's biggest with expansion
by  AFP

Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' time with an expansion doubling its capacity, its owner said on Sunday. "This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential and our commitment to building energy independence for our continent," Dangote said.

India and China to resume direct flights as ties improve
India and China to resume direct flights as ties improve
by  AFP

India and China resume direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations. Exports from India to China were $ 1.47  billion, modest by comparison, but up around 34 percent year-on-year.

How risky is the growth in US private credit?
How risky is the growth in US private credit?
by  AFP

The recent bankruptcies of US companies First Brands and Tricolor have focused attention on risks associated with the growth in the private credit market, or lending outside traditional banks. However, anxiety about the sector rose following bank losses from First Brands, a US auto supply company and Tricolor, a subprime auto lender.

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